China-funded projects may face scrutiny after Duterte leaves

THE PHILIPPINES under a new government would probably cancel several China-funded projects after several African countries revoked similar contracts with shady state Chinese companies, according to political analysts.

Consumer spending likely to inch up as restrictions ease

THE POTENTIAL EFFECTS of looser Metro Manila mobility restrictions on consumer spending and this year’s economic growth have drawn mixed levels of optimism from economists and industry heads.

Cash remittances up for 7th straight month in August

By Jenina P. Ibañez, Reporter   Money sent home by overseas Filipino workers (OFWs) increased for the seventh straight month as more host economies with high...

BIR clarifies COVID-19 drug VAT exemptions

The Bureau of Internal Revenue (BIR) clarified that only medicines and medical devices for the treatment of coronavirus disease 2019 (COVID-19) included in an updated government list...

Container-ship traffic jam in Southeast Asia worst since April

Typhoon Kompasu has resulted in the worst container shipping traffic jam in months, one that now stretches throughout Southeast Asia and may take weeks to unravel.  Although...

House realigns P65B in 2022 budget

THE HOUSE of Representatives has realigned P65.5 billion of the proposed 2022 national budget to fund the procurement of coronavirus disease 2019 (COVID-19) vaccine booster shots, assistance for displaced workers and the downpayment for C-130 aircraft for the military.

PHL open to more global bond offerings

THE GOVERNMENT is open to raising more funds through global bonds as it evaluates coupon rates and exchange rate risks, the Finance chief said on Thursday.

No need to increase direct advances to NG — BSP

THERE MAY BE no need for the central bank to provide additional bridge financing for the National Government (NG) amid the further reopening of the economy, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said on Thursday.

Philippine rule of law remains one of Asia’s weakest

RULE OF LAW in the Philippines remains one of the weakest in East Asia and the Pacific, as the country’s ranking slipped three spots in the World Justice Project (WJP) Rule of Law Index 2021.

BSP to continue to support recovery

THE CENTRAL BANK will continue to maintain support for the economy’s weak recovery, as inflation is expected to slow down in the last months of the year, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said.

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