Gov’t raises ICC review threshold to P5B, expands oversight to PPP projects
THE ECONOMY and Development (ED) Council has overhauled the review and approval process for government programs and infrastructure projects, such as raising the cost...
Marcos vows ‘no money will go to waste’
PRESIDENT Ferdinand R. Marcos, Jr. vowed to tighten government spending and curb inefficiencies in the use of public funds as he called for faster...
Philippine graft scandal may worsen stocks rout, says PSE president
PHILIPPINE Stock Exchange, Inc. (PSE) President and Chief Executive Officer Ramon S. Monzon has urged a “swift” and “credible” investigation of corruption allegations facing...
Peso plunges to 8-month low on Japan policy bets
THE PESO plunged to more than an eight-month low on Monday to track the broad decline of Asian currencies against the dollar due to...
Shares slide as market turns cautious before CPI
PHILIPPINE STOCKS slid anew on Monday, snapping a three-day climb as investors pocketed their profits and took a cautious stance before the release of...
Motorcycle sales up 11.8% in first 8 months
MOTORCYCLE SALES hit 1.23 million units in the first eight months, up 11.8% from a year earlier, the Motorcycle Development Program Participants Association, Inc....
Rice import suspension, tariff hike called harmful to PHL’s poorest 30%
THE Foundation for Economic Freedom (FEF) said the proposals put forward by the Department of Agriculture (DA) to address weak prices of palay (unmilled...
Shift to 10% VAT could signal more borrowing, taxes Metrobank says
THE GOVERNMENT could raise borrowing and other taxes to offset billions in foregone revenue should it decide to reduce value-added tax (VAT) to 10%...
Redevelopment deal signed for John Hay Mile Hi complex
THE Bases Conversion and Development Authority (BCDA) said it tapped the consortium of the Istana Development Corp. (IDC) and Meridian Commercial Centers, Inc. (MCCI) to...
Poll: BSP to keep policy rate on hold
THE BANGKO SENTRAL ng Pilipinas (BSP) will likely keep interest rates on hold this week as inflation risks linger, according to most analysts polled by BusinessWorld.
Corruption scandal threatens to cool demand for luxury real estate in Philippines
A WIDENING corruption scandal involving Philippine government officials and public works contractors threatens to cool demand for luxury real estate projects, according to property analysts.
Government’s debt service bill surges to P665B in August
THE NATIONAL GOVERNMENT’S (NG) debt service bill soared in August as amortization and interest payments surged, the Bureau of the Treasury (BTr) reported.
The latest...