SEC looking to implement hike in fees, charges this year
THE Securities and Exchange Commission (SEC) hopes its planned hike in fees and charges can be finalized and implemented within the year, its top...
Economic growth may pick up to 5.7%
PHILIPPINE gross domestic product (GDP) may grow by 5.7% this year following the economy’s faster-than-expected expansion in the fourth quarter of 2023, UBS Global...
Peso weakens amid rising oil prices and better US job data
THE PHILIPPINE PESO on Monday depreciated against the dollar amid higher global crude prices and US labor data that exceeded expectations.
It closed at P56.005...
PSEi snaps out of rally as investors take profits
PHILIPPINE STOCKS ended their five-day rally on Monday as investors booked profits and took a cautious stance ahead of the Bangko Sentral ng Pilipinas (BSP) policy meeting on Feb. 15.
Gradual cuts to PIFITA tax on interest removed
THE Department of Finance (DoF) said on Monday that its revised proposal to simplify tax rates for passive income and financial intermediaries include keeping...
Drought warning raised for provinces producing close to 50% of PHL rice
DROUGHT induced by El Niño is expected to hit five major rice-growing provinces that accounted for nearly half of the country’s rice output in...
Bill seeking to ban POGOs clears House gaming committee
A HOUSE of Representatives committee approved a bill that seeks to ban and declare illegal Philippine Offshore Gaming Operators (POGOs), alleging that the gaming...
PPA awards P273-million Oriental Mindoro project
THE Philippine Ports Authority (PPA) said it awarded the P272.92-million Bulalacao Oriental Mindoro port expansion project to Orient Star Construction, Inc.
According to a notice...
BSP may keep rates steady — poll
THE BANGKO SENTRAL ng Pilipinas (BSP) is widely expected to keep its policy rate at a 16-year high for a third straight meeting on Thursday amid upside risks to inflation and as economic growth remains robust, analysts said.
Growth, fiscal goals need to be ‘more realistic,’ says DoF chief
THE DEVELOPMENT Budget Coordination Committee (DBCC) may need to adjust its growth and fiscal targets to be “more realistic,” Department of Finance (DoF) Secretary...
Nonmonetary measures needed to address rice inflation as prices may continue to climb
THE AGGRESSIVE rate hikes of the Bangko Sentral ng Pilipinas (BSP) over the past two years have helped stabilize inflation, but nonmonetary measures are...
PDEx expects bond issuances to exceed P400B this year
CORPORATE BOND issuances this year may surpass the Philippine Dealing & Exchange Corp.’s (PDEx) initial target of P400 billion amid expectations of increased offerings...