Budget surplus narrows in April as spending rises
THE NATIONAL Government’s (NG) budget surplus narrowed in April as expenditures surged by 32%, outpacing the 22% rise in revenues, the Bureau of the Treasury said.
Inflation likely picked up in Dec. — poll
HEADLINE INFLATION may have quickened in December amid higher prices of food and utilities, but full-year inflation likely settled within the 2-4% target band, analysts said.
PSE index falls to 7,600 level ahead of trade talks
THE MAIN INDEX dropped to the 7,600 level on Wednesday as investors stayed on the sidelines in anticipation of the trade talks between United States and China.
Seven-year T-bonds to fetch higher rates
YIELDS on reissued Treasury bonds (T-bonds) on offer today will likely pick up ahead of the policy meeting of the US Federal Reserve.
Extended low tariffs for pork, rice seen needed, but farm lobby says traders cornering...
A PROPOSAL to extend lowered tariffs for pork, rice, corn, and coal will temper the effects of surging inflation, the Foundation for Economic Freedom (FEF) said.
DoE to require transparency on markups charged by oil firms
THE Department of Energy (DoE) hopes to issue by the first quarter a circular that will require oil companies to submit a breakdown of the costs that go into the pricing of petroleum products, including the so-called “industry take” that discloses their mark ups.
Yields on government debt climb on coronavirus fears
GOVERNMENT SECURITIES (GS) yields went up across-the- board last week as market players grapple with uncertainties brought by the coronavirus disease 2019 (COVID-19).
RLC’s real estate investment trust seen to have room to expand its portfolio
THE REAL ESTATE investment trust (REIT) of Gokongwei-led property developer Robinsons Land Corp. (RLC) is now in a better position to absorb assets from the latter and expand its portfolio, according to analysts.
ECoP warns P750 wage hike to force small firms to downsize or raise prices
THE EMPLOYERS Confederation of the Philippines (ECoP) said micro and small enterprises, which account for 98% of all businesses, may have to raise prices or reduce their staffing if Congress legislates a P750 wage hike.
AMRO cuts PHL growth outlook
THE ASEAN+3 Macroeconomic Research Office (AMRO) trimmed its growth outlook for the Philippines this year amid deteriorating global economic conditions.
In its Regional Economic...
NEDA: Q2 GDP ‘close to’ low end of gov’t range
THE economy’s expansion in the second quarter may have been “close to” the lower end of the government’s 6-7% target “at least,” driven by...
Higher demand seen likely to pull up June WESM prices
PRICES at the Wholesale Electricity Spot Market (WESM) are likely to increase with demand expected to pick up as industries and commercial establishments set to resume operations in June, its operator reported.