Roadshows due out soon as US tariff picture clears up, Go says
SECRETARY Frederick D. Go said the US tariff picture is clearing up sufficiently to make it worthwhile to resume investment roadshows promoting the Philippines.
Supermarkets say midterm poll boost muted as competition with discounters intensifies
SUPERMARKETS said the midterm elections failed to deliver the expected boost in spending due to intensifying competition in the industry, particularly from discounters.
Speaking on...
Palay output forecast cut after heavy floods in July
THE Department of Agriculture (DA) said it reduced its forecast for palay (unmilled rice) production following the July floods.
Palay production is now expected to...
Cash remittances hit 7-month high at $3.18 billion in July
FILIPINOS ABROAD sent more money home in July, hitting a seven-month high as remittances from sea-based workers grew at a slightly quicker pace than those from land-based workers, the Bangko Sentral ng Pilipinas (BSP) said on Monday.
Marcos vows independent probe into flood-control irregularities
PHILIPPINE President Ferdinand R. Marcos, Jr. on Monday said his newly created commission investigating irregularities in the multibillion-peso flood-control projects would operate independently and free of political bias, seeking to distinguish it from congressional inquiries that he said risk conflicts of interest.
Philippines now a step closer to re-entering JPMorgan’s bond index
THE PHILIPPINES is now on the positive watchlist for JPMorgan Chase & Co.’s emerging market government bond index, putting it a step closer to re-entering the list that could help bring in more foreign investments.
AMLC says PHL unlikely to return to ‘gray list’
THE Anti-Money Laundering Council (AMLC) on Monday said the Philippines is unlikely to return to the Financial Action Task Force’s (FATF) “gray list,” despite a probe into allegations that former Public Works engineers laundered billions of pesos through casinos using funds meant for flood-control projects.
DPWH sacks 3 Bulacan officials over anomalous flood control projects
THE DEPARTMENT of Public Works and Highways (DPWH) on Monday formally dismissed three officials of the Bulacan first district Engineering Office after finding them guilty of multiple administrative offenses linked to anomalous flood control projects.
Peso declines vs dollar
THE PESO declined against the dollar on Monday after the United States urged its allies to impose tariffs on countries that are buying oil...
PSEi slides to 6,000 level as market seeks leads
PHILIPPINE SHARES sank to the 6,000 level on Monday to hit a five-month low due to selling pressure amid a lack of leads, weak...
BIR misses collection target for VAT in first seven months
THE Bureau of Internal Revenue (BIR) said value-added tax (VAT) generated P467 billion in the first seven months, just under its collection target of...
PHL shipbuilding hindered by lack of local suppliers — OECD
THE Philippine shipbuilding industry is being held back by the dearth of local suppliers of key marine equipment, driving up costs and downtime for...