NG debt jumps to 62% at end of Q1
NATIONAL GOVERNMENT (NG) debt as a share of gross domestic product (GDP) rose to 62% at the end of the first quarter, the highest...
DA bats for restoration of NFA’s power to intervene in rice market
THE Department of Agriculture (DA) is pressing Congress to restore the National Food Authority’s (NFA) regulatory powers over the grain market.
In a statement, the...
Small minority of PHL organizations have ‘mature’ cybersecurity systems
ONLY 6% of organizations in the Philippines have “mature” cybersecurity systems that are up to the task of handling threats, Cisco Systems said.
Citing the...
PHL road to digitalization to be costly, ADB says
PHILIPPINE EFFORTS to digitalize its economy will be expensive, but it must keep pace with its neighbors to further its inclusion and sustainability agenda,...
Shares drop on weaker-than-expected GDP data
STOCKS DROPPED on Thursday due to weaker-than-expected Philippine gross domestic product (GDP) growth last quarter and after the Federal Reserve warned of potential risks...
Peso ends lower on weak Q1 GDP growth
THE PESO weakened anew against the dollar on Thursday due to slower-than-expected Philippine economic growth last quarter.
The local unit closed at P55.625 per dollar,...
Agricultural output rises 1.9% in Q1
AGRICULTURAL OUTPUT grew by an annual 1.9% in the first quarter, as good weather helped boost crops, fisheries and poultry production, the Philippine Statistics...
NG debt hits record P16.7-T at end-March
THE National Government’s (NG) outstanding debt edged up to a fresh high of P16.68 trillion as of end-March, the Bureau of the Treasury (BTr) said on Wednesday, adding that this debt “remains manageable.”
Unemployment rate inches up in March
THE Philippines’ unemployment rate inched up to 3.9% in March from a month earlier, even as the number of jobless Filipinos fell by the...
Philippine government approves more infrastructure flagship projects
MILAN, Italy — The government has approved more infrastructure flagship projects (IFP), bringing the total to 207 projects worth $178 billion (around P9.86 trillion), the Department of Economy, Planning, and Development (DEPDev) said.
Peso climbs to near 14-month high with more rate cuts likely
THE PESO surged to a near 14-month high against the dollar on Wednesday after the Bangko Sentral ng Pilipinas (BSP) chief signaled further policy...
PSEi extends climb as BSP chief signals more cuts
PHILIPPINE SHARES climbed further on Wednesday on hopes for further rate cuts from the Bangko Sentral ng Pilipinas (BSP) amid easing inflation and with...