Last subway contracts targeted for award this year
THE Department of Transportation (DoTr) is hoping to award the remaining contract packages of the Metro Manila Subway Station project by the middle of...
Price hikes approved for 63 commodities
THE Department of Trade and Industry said it has approved price increase for 63 commodities, equivalent to 28% of the commodities covered by the...
LGU share of National Gov’t revenue about 35% in 2026 after set-asides
FINANCE Secretary Ralph G. Recto said that the National Tax Allotment (NTA) for local government units (LGUs) will be the equivalent of 35% of...
Remittances jump 3.3% in November
MONEY SENT HOME by overseas Filipino workers (OFW) rose by an annual 3.3% in November amid the peso depreciation against the US dollar, the Bangko Sentral ng Pilipinas (BSP) said.
NPL ratio eases in November
THE PHILIPPINE banking system’s gross nonperforming loan (NPL) ratio eased in November, preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed.
The industry’s gross...
Corruption still the main concern for Filipino executives in 2025 — survey
CORRUPTION remained the top concern of business executives this year, according to a survey of members of the Management Association of the Philippines (MAP).
“We...
Marcos inks law to develop natural gas industry
PRESIDENT Ferdinand R. Marcos, Jr. has signed into law a bill that aims to develop the country’s natural gas industry as the Philippines seeks to diversify its power mix and fast-track its transition to renewable energy (RE).
Peso inches up as market’s focus turns to US consumer inflation report
THE PESO inched higher against the dollar on Wednesday as the market awaits the release of the December US consumer price index (CPI) data,...
Shares rise on bargain hunting after 3-day slide
PHILIPPINE SHARES rebounded on Wednesday on bargain hunting after their three-day slide and amid an improved outlook for the economy.
The Philippine Stock Exchange index...
IT-BPM industry sees growth moderating due to base effects
THE information technology and business process management (IT-BPM) industry said growth this year is expected to moderate because it will be measured from a bigger base in 2024.
Recto, LGUs settle NTA ‘misunderstanding’
FINANCE Secretary Ralph G. Recto briefed local government units (LGUs) on how their National Tax Allotment (NTA) was computed, after a mayor alleged that...
Moody’s sees PHL 2025 growth slowing to 6.1%
THE economy’s growth is expected to slow to 6.1% in 2025 from an expected 6.2% last year, Moody’s Ratings said.
In an outlook, Moody’s called...