BSP fully awards short-term bills

By Luz Wendy T. Noble, Reporter  The central bank fully awarded P100 billion worth of 28-day bills on Friday, as rates fell due to concerns about rising coronavirus infections and after the central bank again lent...

Dovish BSP could hit peso

The Philippine central bank’s accommodative stance amid policy tightening by the US Federal Reserve could weigh the peso down in the coming months, Fitch Solutions Country Risk & Industry Research...

Customs boosts collections with X-rays

The Bureau of Customs (BoC) collected more duties last year, while enforcing stricter border control using X-rays, it said in a statement on Friday.  The bureau collected P113.721 billion...

Despite Omicron threat: 2022 growth goals within reach — BSP

THE ECONOMY is still well-placed to grow within target this year as the Omicron variant is expected to be a risk to the economic outlook in the short term, according to Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno.

Truckers say Roxas Blvd closure will mean higher costs, more delays

TRUCK OPERATORS are expected to incur additional expenses as they would need to take a longer route during the closure of the southbound portion of Roxas Boulevard.

GIR as of end-2021 falls below BSP projection

THE COUNTRY’S dollar reserves inched up as of end-December buoyed by higher valuation of gold buffers, but fell short of the central bank’s year-end projection.

Fitch Solutions hikes PHL budget deficit forecast

THE PHILIPPINES’ budget deficit would likely stay far above the pre-pandemic average in 2022 even as the gap narrows on a rebound in revenues, adding fiscal pressures to the next administration, Fitch Solutions Country and Industry Research said.

DBM asks agencies to avoid duplication of LGU services

THE DEPARTMENT of Budget and Management (DBM) is asking National Government agencies to avoid duplicating services that have been devolved to local government units (LGUs) in its national budget call for 2023.

Omicron clouds PHL growth outlook — WB

THE PHILIPPINE economy could regain its pre-pandemic output this year, but the emergence of new variants of the coronavirus disease 2019 (COVID-19) could still cloud the outlook, the World Bank said.

Vehicle sales up 20% but 2021 target missed

VEHICLE SALES increased by 20% in 2021, but the industry missed its full-year target as lockdowns weakened recovery momentum.