Philippine stocks slide for seventh straight day
PHILIPPINE STOCKS slid for a seventh straight session on Tuesday as selling persisted due to worries over corruption issues and the peso’s weakness against...
PEZA approves nearly P49B worth of investments in Sept.
THE Philippine Economic Zone Authority (PEZA) said it approved P48.87 billion worth of investment proposals in September, helping it exceed 60% of its approvals...
Ornamental plants seen as potential growth pillar for agriculture industry
ORNAMENTAL PLANTS are being touted as a potential growth driver for agriculture according to participants at the 2nd annual Philippine Horticulture and Urban Agriculture Summit,...
Carabao genetic program boosts milk yields
THE Philippine Carabao Center (PCC) said a carabao genetic improvement program has improved milk output, allowing farmers to tap into the rise in milk...
Gov’t lacked authority to deny VAT zero-rating to DMEs — SC
THE Supreme Court (SC) said domestic market enterprises (DMEs) registered under the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act are entitled to Value-Added Tax (VAT) zero-rating on local purchases.
DA eyes extending rice import ban
THE Department of Agriculture (DA) is considering extending the ban on rice imports until the end of the year, as farmgate prices of palay or unmilled rice continue to fall.
Foreign debt service bill falls to $6.72 billion
THE Philippines’ external debt service burden dropped to $6.72 billion in the first half of the year as less foreign loans were due for repayment, preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed.
Philippines declines a spot in economic freedom index
THE Philippines slipped one spot in a global index on economic freedom, despite improvements in some areas, according to the Canada-based think tank Fraser Institute.
PHL needs to boost liquidity to join JPMorgan bond index
THE Philippines should focus on boosting the liquidity and increasing the size of benchmark bonds to ensure the inclusion in JPMorgan Chase & Co.’s Government Bond Index-Emerging Markets (GBI-EM) by 2026, analysts said.
Peso slides to fresh two-month low on Fed easing bets
THE PESO sank to a fresh two-month low against the dollar on Monday as markets continued to reprice their bets on the US Federal...
PSEi falls below 6,000 on strong selling pressure
THE MAIN INDEX on Monday fell below the 6,000 mark for the first time in nearly six months, succumbing to selling pressure amid a...
ADB projects properly supervised, DoF says following infra scandals
THE public-works corruption scandals have driven the Department of Finance (DoF) to assure the Asian Development Bank (ADB) that adequate safeguards are in place...