Peso to move sideways
THE PESO is seen to move sideways against the dollar this week ahead of the monetary policy meetings of the Bangko Sentral ng Pilipinas...
ASEAN says gravely concerned about North Korea weapons
SYDNEY -- The Association of Southeast Asian Nations (ASEAN) and Australia said on Sunday they held “grave concerns” about escalating tensions caused by North...
Incumbent President Putin on track for commanding win as Russians head to polls
ZELENODOLSK -- Russians voted in a presidential election on Sunday set to give Vladimir Putin a runaway victory, the only possible blemish for the...
Russia, UK diplomatic crisis deepens
MOSCOW -- Prime Minister Theresa May said the UK may take further action against Russia over the nerve-agent poisoning of a former spy and...
Bigger trade gap widens current account deficit
THE COUNTRY’S current account deficit more than doubled in 2017 to its widest since 1999, the Bangko Sentral ng Pilipinas (BSP) said on Friday.
The...
Risks could keep Philippine growth from hitting official target
THE PHILIPPINES “continues to enjoy favorable macroeconomic prospects”, but risks ranging from weak state capacity to ramp up implementation of infrastructure projects to prospects...
Gov’t signs $935-M JICA loan for subway phase I
THE PHILIPPINES and the Japan International Cooperation Agency (JICA) signed on Friday the first tranche of the loan agreement for the Metro Manila subway...
Napoles placed under witness protection program
DETAINED businesswoman Janet L. Napoles, the alleged mastermind in the 2013 pork-barrel scandal, is to be placed under the Witness Protection Program (WPP) of...
DOLE says no timetable for signing EO abolishing ‘endo’
THE labor department has no timetable for the signing of the executive order (EO) which hopes to abolish the practice of contractualization or “endo,”...
Max’s sets capex at P600M, boosts 2017 earnings
LISTED restaurant operator Max’s Group, Inc. (MGI) said it has set a capital spending budget of roughly P600 million mainly to modernize and for...
One-year withdrawal from ICC begins as PHL sends UN note verbale
By Camille A. Aguinaldo
THE countdown for the one-year withdrawal period of the Philippines from the International Criminal Court (ICC) started Friday, March 15, as...
Foreign debt falls to $73.1-B at end-2017, under 20% of GDP
OUTSTANDING foreign debt fell to $73.1 billion at the end of 2017 from $74.763 billion a year earlier, with the share of foreign debt...