Cuts to bring infra budget down to 4.7% of economy next year, senators told
THE infrastructure budget will account for only 4.7% of gross domestic product (GDP) in 2026, below economic managers’ target of 5%, Sen. Sherwin T....
PHL among highest-cost producers of pork, chicken in Asia, PIDS says
PORK and chicken production costs in the Philippines are among the highest in the region due to high feed costs, the Philippine Institute for...
Poultry, hog production up in Q3; cattle down
LIVESTOCK production was mixed in the third quarter, with hog, chicken, and chicken egg output growing on a seasonally adjusted basis and cattle production...
Online sellers call DTI trustmark redundant, doubt it deters scams
REDUNDANT government policies are increasing the compliance burden on online sellers as overseas competition intensifies, an industry association said.
The Online Negosyo Empowerment Community (ONEC),...
PSEi advances as bargain-hunters snap stocks
PHILIPPINE STOCKS advanced on Monday as bargain-hunters stepped in after last week’s sell-off, even as political tension tied to a widening flood-control corruption scandal kept broader sentiment cautious.
Recto says 25-bp cut likely in Dec.
FINANCE SECRETARY Ralph G. Recto ruled out an “off-cycle” move on monetary policy easing despite weaker-than-expected third-quarter growth, but noted there is a high chance of a rate cut at the central bank’s next meeting.
PHL investment slump seen to persist amid corruption probe
THE INVESTMENT OUTLOOK is expected to remain weak through next year unless reforms are implemented and those linked to the flood control scandal are jailed, economists said.
Philippines now turns to technology after flood control projects vanish
APRIL B. ELISTERIA wades through knee-deep water every time it rains in her neighborhood in Las Piñas City. The 39-year-old helper at a private elderly care home and mother of four has lived with floods for as long as she can remember.
Peso may trade sideways ahead of delayed US economic data
THE PESO is expected to move within a tight band this week as traders wait for a batch of delayed US economic reports following...
PSEi may extend slide as flood scandal escalates
PHILIPPINE STOCKS may continue to fall this week as persistent political turmoil and soft economic data keep risk appetite subdued, analysts said.
NFA reduces prices in disposal of aging rice
THE National Food Authority (NFA) will take new bids for up to 58,000 metric tons (MT) of aging rice stocks in December after an...
Foreign debt service bill falls 3.43% in first eight months
DEBT SERVICE on foreign loans fell 3.43% year on year in the first eight months as both principal and interest payments declined, according to...