Philippine government cuts growth targets until 2027
The Philippines trimmed its economic growth targets until 2027, after growth likely slowed to about 4.8% to 5% this year, according to Economy Secretary Arsenio M. Balisacan.
Marcos signs P6.79-T budget, vetoes P92.5B in unprogrammed funds
Philippine President Ferdinand R. Marcos, Jr. on Monday signed this year’s P6.793-trillion national budget but vetoed almost P100 billion worth of unprogrammed appropriations amid heightened scrutiny over public spending as authorities probe a graft scandal.
Poll: Inflation further eased in Dec.
HEADLINE INFLATION may have eased to a five-month low in December amid the continued drop in rice prices and cheaper electricity costs, which likely brought full-year inflation well below the target, analysts said.
BoI approves P1.56 trillion in investments in 2025
THE BOARD of Investments (BoI) said it has approved a total of P1.56 trillion in investments in 2025, registering the second-highest level of investment...
Rice farmers in the Philippines face more pressure as imports resume
FILIPINO RICE FARMER Elvira C. Fadriquelan knew the numbers would not work long before she sold her wet-season harvest in October.
Debt service bill falls in Nov. — BTr
THE NATIONAL Government’s (NG) debt service bill slipped in November amid a sharp drop in amortization payments, the Bureau of the Treasury (BTr) said.
Peso may trade sideways before key PHL, US data
THE PESO is expected to trade sideways against the dollar this week as players await the release of key economic reports, including Philippine inflation...
PSEi may rise further before inflation, labor data
SHARES may continue to climb this week on bargain hunting and as investors await the release of Philippine inflation and labor data.
On Friday, the...
No quick wins in tapping Venezuela’s oil reserves
MIAMI — Venezuela is unlikely to see any meaningful boost to crude output for years even if US oil majors do invest the billions...
Philippine PMI rebounds in December
By Aubrey Rose A. Inosante, Reporter
Philippine factory activity improved in December, rebounding from the slump in November amid a rise in new orders and...
NG borrowings surge in November
THE NATIONAL Government’s (NG) gross borrowings surged in November amid a sharp rise in domestic and foreign borrowings, the Bureau of the Treasury (BTr) said.
White corn gives Cagayan farmers a lifeline after years of debt and flood losses
CAGAYAN — For decades, Crecencia B. Garan planted yellow corn in the river plains of Alcala, Cagayan — only to watch most of her earnings circle back to the middlemen who financed her inputs.