Vehicle sales up 29% in July

VEHICLE SALES jumped by 29% in July, as the economy continues to recover from the coronavirus pandemic, an industry report showed.

NEDA aims to release new PDP before December

THE NATIONAL Economic and Development Authority (NEDA) is working to fast-track the submission of the Philippine Development Plan (PDP) 2023 to 2028 before its deadline in December, an official said.

Philippines sugar imports still possible, Marcos says

MANILA - Philippines President Ferdinand Marcos Jr said the country's doors remain open to additional sugar imports, though volumes are likely to be much...

BSP may hike rates by 50 bps — poll    

THE BANGKO SENTRAL ng Pilipinas (BSP) is widely expected to raise the benchmark rate on Thursday, with most analysts forecasting a 50-basis-point (bp) increase after inflation quickened to a near four-year high in July.

Debt service bill falls 70% in June

THE NATIONAL Government paid P44.29 billion to service its debt in June, down by 70.51% from a year earlier, as a rise in interest payments was offset by the significant decline in amortization, preliminary data from the Bureau of the Treasury (BTr) showed.

Philippines, China agree to resume negotiations on 3 major railway projects

THE PHILIPPINES and China have agreed to resume negotiations on three major railway projects, the Department of Transportation (DoTr) said on Sunday.

Years of COVID school closures leave Philippines with deep scars

On Aug. 22, schools in the Philippines will finally reopen their doors to students after two and a half years — one of the...

Probe on ‘illegal’ SRA order underway

AN INVESTIGATION is underway over the “illegal” sugar importation order that was aimed at addressing the tight local supply and high prices, according to Malacañang.

PHL aims to become high-income economy by 2045 at the latest

THE PHILIPPINES now aims to become a high-income economy by 2045 at the latest, Socioeconomic Planning Secretary Arsenio M. Balisacan said. 

Sy siblings still PHL’s richest even as wealth drops by $4B

THE SY SIBLINGS remained the richest in the Philippines, despite a $4-billion drop in their net worth in 2022, according to Forbes Asia.

ABS-CBN, TV5 sign landmark deal that includes SkyCable

By Regina Lay, One News Business News Editor It’s a match made for TV: MediaQuest, the parent company of TV5 Network, has signed a landmark...

Net FDI inflows jump 64% in May

NET INFLOWS of foreign direct investments (FDIs) increased 64% in May, as investors adopted a wait-and-see attitude after the presidential elections.
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