Debt-to-GDP ratio projected to peak at 66.8% in 2023

THE debt-to-gross domestic product (GDP) ratio is expected to peak at a “manageable” 66.8% in 2023, but is unlikely to return to pre-pandemic levels in the near term, the Philippine Institute for Development Studies (PIDS) said in a report on Thursday.

Sun Life unit sees further PHL recovery

THE PHILIPPINES is set to recover over the course of the year even in the face of rising inflation and global supply chain disruptions, with the economy boosted by election spending and the restoration of much business activity as movement restrictions ease, Sun Life Investment Management and Trust Corp. said.

Tariff body backs safeguard action vs polyethylene product

THE Tariff Commission has recommended the imposition of safeguard measures against imports of high-density polyethylene (HDPE) pellets and granules for three years.  

PHL capital No. 12 globally in Airbnb listings 

THE Philippine capital had the 12th most listed home-share dwellings in the world, Airbnb said, citing a study conducted by Inkifi, a photo printing company.

BoC debuts i-Declare system for entry of baggage, currency

THE Bureau of Customs (BoC) said it launched the online i-Declare system on Thursday for travelers and ship and aircraft crews.

Electronics sector hurting — SEIPI

SPIRALING COSTS brought by Russia’s invasion of Ukraine are hampering the operations of the local electronics industry in spite of increased competitiveness due to the weak peso, according to the largest group of foreign and local electronics companies in the Philippines.

Government to borrow P200B locally in July

THE NATIONAL Government plans to borrow P200 billion from the domestic market in July, the Bureau of the Treasury (BTr) said on Tuesday. 

Foreign investment negative list updated

PHILIPPINE PRESIDENT Rodrigo R. Duterte has signed an order updating the list of investment areas where foreign ownership is limited or barred.

Wholesale prices of building materials hit 10-year high

WHOLESALE PRICES of building materials in Metro Manila jumped to their highest in more than a decade in May as construction activities resumed amid decreasing coronavirus infections.

Peso rises on stock market gains

THE PESO strengthened versus the dollar on Tuesday on continued gains at the local stock market.

Local stocks climb as bargain hunting continues

PHILIPPINE STOCKS closed higher on Tuesday on continued bargain hunting after last week’s decline and amid window dressing activities.

P16.71-B Agus-Pulangi rehab set to be implemented by DoF

THE Department of Finance (DoF) said it expects to serve as the implementing agency for rehabilitating the Agus-Pulangi hydropower complex in Mindanao, which is expected to cost P16.71 billion.
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