PHL doubles efforts to finish rail projects as traffic hurts growth
PHILIPPINE President Ferdinand R. Marcos, Jr. on Wednesday said his government is working double time to fast-track railway projects as traffic gridlocks in the...
RRR cut unlikely by 3rd quarter — BSP’s Remolona
THE BANGKO SENTRAL ng Pilipinas (BSP) is seeking to reduce banks’ reserve requirement ratio (RRR) soon, but this is unlikely to happen by the...
Revised 6-7% goal still ‘optimistic’ — analyst
THE GOVERNMENT of President Ferdinand R. Marcos, Jr. must temper inflation, cautiously boost spending, and ramp up revenue collection to meet its revised growth targets this year, according to analysts.
Analysts see room for rate cut delay
THE Bangko Sentral ng Pilipinas (BSP) still has room to delay monetary easing, analysts said, noting the Philippine economy can still withstand “higher-for-longer” interest rates.
Exports likely to miss PEDP targets in 2024
PHILIPPINE EXPORTS will likely miss this year’s target under the Philippine Export Development Plan (PEDP), according to the exporters organization and the Department of Trade and Industry (DTI).
Asia’s new Quad told to step up economic game beyond security
THE Philippines, United States, Japan and Australia need a stronger economic message and should boost their ties beyond defense and security to sustain their partnership amid an increasingly belligerent China, according to analysts.
Budget deficit projected to narrow further this year
THE National Government’s (NG) fiscal deficit is seen to narrow further this year as revenue collections are likely to exceed targets, Fitch Solutions’ unit...
BSP signals possible rate cut delay
THE BANGKO SENTRAL ng Pilipinas (BSP) on Monday left its key rate unchanged at 6.5% for a fourth straight meeting and signaled a possible delay in rate cuts due to inflation risks.
Philippines likely to post fastest GDP growth among ASEAN+3 countries this year, 2025
THE PHILIPPINES is expected to grow faster than Association of Southeast Asian Nations (ASEAN) member countries, China, Japan, South Korea and Hong Kong this...
Meralco slashes power rate by nearly P1 per kWh this month
RESIDENTIAL CUSTOMERS in areas served by Manila Electric Co. (Meralco) will see lower electricity bills for the first time this year, due to a sharp drop in generation and transmission charges.
Philippine population seen among the youngest in the region — AMRO
THE PHILIPPINE population is expected to be among the youngest in the region, with the country still in the early stage of its demographic...
DoubleDragon subsidiary Hotel101 Global set to list on the Nasdaq
SINGAPORE/MANILA — Philippine real estate firm DoubleDragon on Monday said subsidiary Hotel101 Global will list on the Nasdaq in the United States via a...