PHL banks fail to meet MSME lending quota in Q1
PHILIPPINE BANKS continued to miss the mandated lending quota for small businesses as of end-March, data from the Bangko Sentral ng Pilipinas (BSP) showed.
Experts say Philippines now ‘back on the radar’ of Taiwanese firms
TAIPEI — Taiwanese companies are looking to set up shop in the Philippines as the country faces a US tariff that is lower than most of its Southeast Asian neighbors, according to analysts.
US tariffs to dampen PHL electronics export growth
THE SEMICONDUCTOR and Electronics Industries in the Philippines Foundation, Inc. (SEIPI) expects the 20% US tariff to dampen its optimistic projections this year.
SEIPI President...
Peso falls on tariff news
THE PESO dropped against the dollar on Monday after US President Donald J. Trump threatened to impose higher import tariffs on additional countries and...
PSEi jumps to 2-month high on bargain hunting
PHILIPPINE STOCKS bounced back on Monday to snap a two-day losing streak as investors picked up bargains as they await developments on the country’s...
Marcos dares Caticlan contractors to complete terminal in 18 months
PRESIDENT Ferdinand R. Marcos, Jr., proposed an 18-month accelerated timeline for completing the new passenger terminal at Caticlan airport in Aklan province, instead of...
Real estate prospects clouded by new US tax on remittances
THE US decision to impose a 1% remittance tax could serve to dampen property investing activity by overseas Filipino workers (OFWs), industry analysts said.
Palay average farmgate price falls 31.8% in June
THE average farmgate price of palay (unmilled rice) fell 31.8% year on year in June to an average of P16.99 per kilo, the Philippine...
SRA may tap fungus to keep sugarcane pest under control
THE Sugar Regulatory Administration (SRA) said it is considering turning to a fungus that is a natural enemy of the red striped soft-scale insect...
Stricter gambling payment rules eyed
THE Bangko Sentral ng Pilipinas (BSP) is seeking to tighten regulations on online gambling payments to prevent the misuse of financial services and implement...
Philippines ready for tariff talks with US this week
THE PHILIPPINE government is hopeful that it can still negotiate for a lower US tariff rate ahead of the Aug. 1 deadline as President Ferdinand R. Marcos, Jr. heads to the US next week.
PSE hikes capital-raising target to over P186 billion this year
THE PHILIPPINE Stock Exchange, Inc. (PSE) once again raised its target for capital raising this year, as the stock market operator now expects the amount to reach over P186 billion.