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THE DEPARTMENT of Budget and Management (DBM) has extended the deadline for state agencies preparing their 2021 budget plans (BP) to May 25 amid the 30-day Luzon-wide lockdown.
THE PHILIPPINES has space to adopt expansionary fiscal and monetary policy if risks to economic growth emerge, the International Monetary Fund (IMF) said, even as it expects expansion to improve this year amid downside risks.
THE SPREAD of the novel coronavirus (2019-nCoV) is estimated to hurt the economic growth by 0.3% if the outbreak stays longer or until June largely due to impact on tourism sector, according to preliminary estimates by the National Economic and Development Authority (NEDA).
FITCH Solutions Macro Research has upwardly revised its 2020 gross domestic product (GDP) growth forecast for the Philippines, citing combined fiscal and monetary stimulus paired with better external demand and base effects which could help the country rebound from the less than six percent growth seen in 2019.
THE CONFEDERATION of Sugar Producers Association, Inc. (CONFED) has sent proposals to government officials to address industry challenges and prevent threats from import liberalization.
MONEY SUPPLY expanded at a faster pace in October as the policy easing moves by the Bangko Sentral ng Pilipinas (BSP) were finally felt in the financial market.
THE PHILIPPINES can make doing business easier for entrepreneurs through one-stop shops as well as by establishing electronic courts to streamline dispute resolution among entrepreneurs, World Bank analysts said on Friday.
SUGAR GROUPS fighting against the liberalization of sugar importation have gained support from the House of Representatives (HoR) as legislators passed a resolution earlier this week condemning the Department of Finance (DoF)’s deregulation plan.
FASTER state spending, slower inflation and robust overseas remittances are seen to boost economic growth this semester, according to the latest joint assessment by the First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P).
PRESIDENT Rodrigo R. Duterte is set to meet with Thai business leaders on the sidelines of the 34th Association of Southeast Asian Nations (ASEAN) Summit in Bangkok and invite them to do business in the Philippines, Trade Secretary Ramon M. Lopez said on Friday.
THE TRADE WAR between the United States and China will compel member-states of the Association of Southeast Asian Nations (ASEAN) to fast-track negotiations on the Regional Comprehensive Economic Partnership (RCEP) in order to “isolate” the region from the impact of the tensions, Trade Secretary Ramon M. Lopez said on Friday.
ILOILO CITY — Israeli Ambassador to the Philippines Rafael Harpaz visited Iloilo earlier this week to explore cooperation opportunities in line with its goal to strengthen ties with the Philippine through local partnerships in the regions.
THE BANGKO SENTRAL ng Pilipinas (BSP) has forged agreements with the central banks of Indonesia, Malaysia and Thailand as they look to set up direct settlement systems across currencies.
INFLATION, as experienced by low-income households, was lower in January as prices of food and utilities eased further, the Philippine Statistics Authority (PSA) reported on Friday.
JAPAN has pledged additional grants for the Philippines following a joint meeting held in Osaka this week, which include funding for train simulators as well as projects for healthcare and peace efforts in Mindanao.
THE CENTRAL BANK will soon allow banks and other financial firms looking to offer basic digital financial services to start operations without securing prior approval from the regulator, amid an industry push towards e-payments.
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THE Department of Environment and Natural Resources (DENR) and the Mining Industry Coordinating Council (MICC) are lobbying for the lifting of the moratorium on applications for mineral production sharing agreement (MPSA), which can only be possible with a new fiscal regime, according to an official.
At a time when skyrocketing inflation is presenting economic challenges within the country, and an increasingly tricky global politics posing difficulties, Philippine competitiveness is...
THE NATIONAL Economic and Development Authority (NEDA) raised the project cost for the long-haul commuter line of the Philippine National Railways (PNR) by nearly double to buy more trains and build elevated tracks.
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THE Department of Trade and Industry (DTI) has urged the Philippine Anti-Corruption Commission (PACC) to take part in the crafting of the Ease of Doing Business law’s implementing rules and regulations (IRR) after the former criticized the “delay” in its completion.
BUSINESSES OPTIMISM softened this quarter from the past year amid rising commodity prices — marking the third straight quarter-on-quarter dip and the lowest point since 2010 — although the outlook for the next three months improved on expectations of higher consumer demand ahead as Christmas holidays approach.