Senate approves 2026 budget bill on 3rd reading
THE SENATE approved the proposed P6.793-trillion national spending plan for 2026 on third reading late Tuesday, amid heightened scrutiny over the budget process following the cloud hanging over infrastructure spending and alleged budget “insertions.”
PHL 2026 growth forecast reduced to 5.1% — MUFG
ECONOMIC GROWTH is expected to pick up to 5.1% next year, which if realized would once again leave the government short of its targets,...
NFA rice auction clears up about 16,000 MT in warehouse space
THE National Food Authority (NFA) said it awarded around 315,000 bags, or nearly 16,000 metric tons (MT), of ageing rice in a public auction...
PSE index inches up before central bank meetings
THE MAIN INDEX inched up on Tuesday on last-minute buying, with the market in a mostly guarded mood before the policy meetings of the...
Dry-season rice, corn expected to benefit from weak La Niña
THE developing weak La Niña is expected to help increase rice and corn output during the dry cropping season, with the above-normal rains reducing irrigation costs and improving planting conditions, analysts said.
BSP to cut policy rate anew — poll
THE BANGKO SENTRAL ng Pilipinas (BSP) is widely expected to ease for a fifth straight meeting on Thursday as economic growth slows and inflation remains below target, analysts said.
Banks’ bad loans inch up to 3.33% in October
THE PHILIPPINE BANKING sector had slightly more bad debts in October than in the previous month, bringing its gross nonperforming loan (NPL) ratio to...
BoI investment pledges decline by 48%
THE BOARD of Investments (BoI) has approved P816.81 billion worth of investment pledges as of November, dropping by 48.3% from the P1.58 trillion in pledges approved in the same period a year ago.
Volatility to continue before Fed, BSP decisions
PHILIPPINE SHARES may see continued volatility this week before the policy meetings of the US Federal Reserve and the Bangko Sentral ng Pilipinas (BSP),...
Ports servicing offshore wind farms seen ready by 2027
THE first ports dedicated to servicing offshore wind farms are expected to be operational by 2027, according to the Department of Energy (DoE).
Energy Undersecretary...
PPA awards P618.93-million Lucena port project
THE Philippine Ports Authority (PPA) awarded a P618.93-million contract to expand Lucena Port to a Bulacan construction company.
In a notice of award dated Nov....
BIR expects single-use plastics tax to raise revenue of up to P10B per year
THE GOVERNMENT expects up to P10 billion in revenue yearly from the proposal to impose an excise tax on single-use plastics, the Bureau of...