PHL tourist arrivals hit 3.62M as of Aug. 7
THE Department of Tourism (DoT) said visitor arrivals totaled 3.62 million as of Aug. 7, indicating that the department is behind the pace on...
Energy regulator urges quick action on its request for expanded powers
THE GOVERNMENT should act expeditiously on strengthening the powers of the Energy Regulatory Commission (ERC), via amendments to the law that liberalized the power...
Q2 agricultural output falls by 3.3%
THE PHILIPPINES’ agricultural output fell in the second quarter, as the crops and livestock sector continued to bear the brunt of the El Niño weather phenomenon.
June jobless rate falls to lowest in two decades
THE UNEMPLOYMENT RATE in June fell to 3.1%, the lowest in two decades, as hiring in the construction sector surged, the Philippine Statistics Authority...
Forex buffer hits over 2-year high of $105.6B
THE COUNTRY’S gross international reserves (GIR) jumped to $105.65 billion as of end-July, its highest level in over two years, the Bangko Sentral ng Pilipinas (BSP) said.
First-quarter GDP growth revised upwards to 5.8%
THE PHILIPPINE ECONOMY grew slightly faster than initially reported in the first quarter, the Philippine Statistics Authority (PSA) said on Wednesday.
The PSA said in...
Philippines in talks with JPMorgan for bond index inclusion, sources say
THE PHILIPPINES is in talks with JPMorgan Chase & Co. for the inclusion of its peso government bonds in the US bank’s emerging-market debt...
Dumaguete airport loan deal signed with Korea Eximbank
THE Department of Finance (DoF) said it signed a P13.15-billion loan agreement with the South Korean government to finance the new Dumaguete airport.
The loan...
Initial study results of offshore wind ports due by September
THE Department of Energy (DoE) said the initial findings of the pre-feasibility study on ports that will be repurposed to service the offshore wind...
PhilHealth ‘idle funds’ to support infra — DoF
THE Department of Finance (DoF) said P89.9 billion in “idle funds” returned to the Treasury by the Philippine Health Insurance Corp. (PhilHealth) will be...
Philippine shares rebound on bargain hunting
PHILIPPINE SHARES rebounded on Wednesday, snapping a three-day losing streak, on bargain hunting and following Wall Street’s recovery.
The bellwether Philippine Stock Exchange index (PSEi)...
Peso extends rally as BSP turns cautious
THE PESO continued to rally versus the dollar on Wednesday amid bets that the Philippine central bank would cut rates gradually to keep a...