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.
Asia takes lead in race for interim deals to avoid Trump tariffs
Asian economies geared for exports and facing some of the highest US “reciprocal” tariffs are leading the way over their western counterparts in trade...
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.
FX intervention targets inflation, not capital flows — BSP
THE PHILIPPINE central bank said its periodic intervention in currency markets would be aimed at stemming inflationary pressures if the peso was to weaken,...
MB-approved foreign borrowings more than double in Q1
MONETARY BOARD (MB) approvals for public-sector foreign borrowing more than doubled in the first quarter, the central bank said.
Data from the Bangko Sentral ng...
OECD calls for review of Philippine GOCCs
The Organisation for Economic Co-operation and Development (OECD) called for a review of state-run firms' operations amid an overlap of their regulatory and commercial...
Philippines mulls increase in US imports ahead of tariff talks
Trade Secretary Cristina A. Roque on Friday said that the Philippines is considering to import more agricultural products from the US as it seeks...
Philippine government raises P300 billion from new bonds
By Aaron Michael C. Sy, Reporter
THE GOVERNMENT sold P300 billion worth of new 10-year fixed-rate Treasury notes (FXTN) amid strong demand for longer-dated tenors...