DBCC seen to trim growth goals
THE SHARP slowdown in government spending tied to the widening flood control corruption scandal is pushing the Philippines to cut its medium-term growth goals,...
Most agri exports exempted from US tariffs — DTI
MOST of the Philippines’ agricultural exports are now exempted from the 19% US reciprocal tariff, according to government officials.
Quezon City now accounts for 6% of Philippine GDP
QUEZON CITY generated the biggest share of the country’s gross domestic product (GDP) in 2024 at P1.33 trillion, the Philippine Statistics Authority (PSA) said on Tuesday, underscoring the economy’s continued reliance on a handful of urban centers for growth.
Peso slips as traders wait for US economic data, Fed policy cues
THE PESO weakened against the dollar on Tuesday as markets looked to delayed US economic releases for direction on the US Federal Reserve’s policy...
Hydropower developers seek higher tariff for run-of-river
HYDROPOWER developers are seeking a higher, more “reasonable” tariff for run-of-river (RoR) hydropower projects to attract further investment, an industry official said.
On the sidelines...
BSP says cash withdrawal cap was agreed to after consultation with banks
THE Bangko Sentral ng Pilipinas (BSP) said its P500,000 cap on cash withdrawals to make large kickbacks from infrastructure projects more traceable was arrived...
Rice, galunggong prices rise, meat down in early November
PRICES of rice and galunggong (round scad) rose in early November, as pork and chicken prices declined slightly, according to the Philippine Statistics Authority...
Regulator finds possible competition law violations in flood control bid rigging
THE Philippine Competition Commission (PCC) said on Tuesday that it found possible violations of the Philippine Competition Act in the course of its investigation...
PSEi dips on growth worries, weak Wall Street cues
PHILIPPINE shares retreated on Tuesday as investors weighed slower economic growth projections, lingering corruption issues and negative cues from US markets.
Cash remittances up 3.7% in Sept.
MONEY SENT HOME by overseas Filipino workers (OFWs) jumped by an annual 3.7% in September, the fastest pace in five months, the Bangko Sentral ng Pilipinas (BSP) said on Monday.
Go named as Finance chief, Recto as executive secretary
PHILIPPINE PRESIDENT Ferdinand R. Marcos, Jr. on Monday appointed Finance Secretary Ralph G. Recto as the new executive secretary and economic czar Frederick D. Go to take over the Finance department, marking the biggest Cabinet shake-up since the eruption of the multibillion-peso flood control scandal.
Vehicle sales flat in October despite rising EV demand
VEHICLE SALES hit just over 40,000 in October, as rising demand for electric vehicles (EVs) failed to offset the decline in passenger car sales, an industry report showed.