Infrastructure spending jumps 23%
STATE SPENDING on infrastructure rose by 23.1% in the first two months of 2025, as the government ramped up disbursements for public works projects ahead of the election ban, the Department of Budget and Management (DBM) said.
PHL likely to reach upper middle-income economy status by ’27
THE PHILIPPINES is more likely to achieve upper middle-income status by 2027, a year later than the government’s target, given the current growth prospects, the World Bank said.
Palace eyes ‘favorable’ trade deal with US as PHL officials negotiate tariffs
THE Philippines expects to close a favorable deal with the United States, the presidential palace said on Monday, as key officials travel to Washington on April 29 to negotiate the 17% reciprocal tariff imposed by President Donald J. Trump as part of a global trade war that puts economic growth, jobs and wages at risk.
IMF: Philippines has room to improve tax efficiency
THE Philippines still has room to implement reforms to enhance its taxation system and make collections more efficient, the International Monetary Fund (IMF) said.
PHL stocks end lower after last-minute selloff
PHILIPPINE STOCKS declined on Monday due to profit taking and a late selloff as investors search for fresh leads.
The Philippine Stock Exchange index (PSEi)...
Peso drops vs dollar before key US data
THE PESO weakened on Monday as the dollar held on to its recent gains as markets await the release of key US data and...
Pangandaman sees no need to revise DBCC growth target
BUDGET Secretary Amenah F. Pangandaman said on Monday that she sees no need to revise the government’s 6-8% gross domestic product (GDP) growth target...
KADIWA stores to offer P20 subsidized rice for vulnerable consumers
GOVERNMENT-BACKED stores selling produce at less than market prices will carry P20-per-kilo rice starting May 2, days before the midterm elections, the Department of...
LRTA Q1 revenue P349M as rider volumes climb
THE Light Rail Transit Authority (LRTA), which operates Light Rail Transit Line 2 (LRT-2) said first-quarter revenue rose 9.1% to P349.79 million on passenger...
NCR March retail price growth lowest since 2020
RETAIL PRICE growth of general goods in the National Capital Region (NCR) eased to a 58-month low in March, the Philippine Statistics Authority (PSA)...
SEIPI eyes modest exports growth
THE Semiconductor and Electronics Industries in the Philippines Foundation, Inc. (SEIPI) is hoping to see at least a modest growth in exports this year as more investments are expected to come in amid improved incentives and lower US tariffs.
PHL banks continue to fall short of lending quota for MSMEs
THE PHILIPPINE banking system continued to miss the mandated lending quota for micro, small and medium enterprises (MSMEs) as of end-December 2024, Bangko Sentral ng Pilipinas (BSP) data showed.