PHL needs to grow over 6% in next three quarters to hit target
THE PHILIPPINE ECONOMY should expand by more than 6% in the next three quarters to meet the government’s growth target this year, analysts said.
OceanaGold Philippines drops 6% on market debut
OCEANAGOLD Philippines, Inc. (OGP) made a dismal stock market debut on Monday, as its stock price closed 6% lower than its initial public offering (IPO) price.
DoF eyes Green Climate Fund for four projects
THE PHILIPPINES is looking to tap the Green Climate Fund (GCF) for $124 million worth of projects, the Department of Finance (DoF) said.
In a...
BSP expected to keep rates steady
THE BANGKO SENTRAL ng Pilipinas (BSP) is widely expected to extend its policy pause for a fifth straight meeting this week as inflation risks remain.
FDI net inflows soar to over two-year high
NET INFLOWS of foreign direct investment (FDI) in February soared to its highest level in over two years, data from the Philippine central bank...
BusinessWorld Economic Forum 2024 to uncover next drivers of Philippines’ growth
THE PHILIPPINE ECONOMY has shown resilience despite facing challenges such as the coronavirus pandemic, elevated inflation and high interest rates.
The BusinessWorld Economic Forum will...
Subsidies to GOCCs drop by 36% in March
SUBSIDIES provided to government-owned and -controlled corporations (GOCCs) fell by 36.3% in March, the Bureau of the Treasury (BTr) said.
Data from the BTr showed...
Philippine economy grows by 5.7%
THE PHILIPPINE ECONOMY grew by 5.7% in the first quarter, outdoing most of its peers in Southeast Asia despite slowing consumption and government spending,...
June rate cut by BSP still possible, says Pantheon
THE BANGKO SENTRAL ng Pilipinas (BSP) might still cut interest rates as early as June amid weaker-than-expected economic growth and as inflation comes within target, Pantheon Macroeconomics said.
PHL consumption may rebound as inflation moderates
PHILIPPINE CONSUMER SPENDING is expected to rebound this year amid easing inflation and improved labor conditions, Fitch Solutions unit BMI said.
“We have a positive...
Philippine debt-to-GDP ratio at 60.2%
THE NATIONAL Government’s (NG) debt as a share of the gross domestic product (GDP) stood at 60.2% as of the first quarter, the Bureau...
PHL jobless rate at two-month high
THE PHILIPPINE jobless rate jumped to a two-month high in March as inflation and an El Niño-induced dry spell limited economic output, according to the local statistics agency.