Sangley airport dev’t still uncertain
THE Transportation department said the development of Sangley Point International Airport (SPIA) remains uncertain as the joint-venture company still has to secure other approvals before the project moves forward.
High household debt raises bank asset risks in Southeast Asia
THE BANKING SECTOR in Southeast Asia, including the Philippines, may face asset quality risks amid rising household debt, Moody’s Ratings said.
“High household debt amid...
Some oil firms considering hike in bioethanol blend
SEVERAL OIL FIRMS have committed to complying with the government’s mandate of higher coco biodiesel blend while considering voluntarily increasing bioethanol blend as well.
Philippines’ top entrepreneurs to be honored at awards gala
THE SEARCH for the EY Entrepreneur Of The Year 2024 Philippines is set to conclude with a much-awaited awards gala at the Makati Shangri-La on Wednesday (Oct. 23).
BoP surplus balloons to $3.5B in September
THE PHILIPPINES’ balance of payments (BoP) position posted a surplus in September, the widest in nearly four years, the Bangko Sentral ng Pilipinas (BSP) said.
‘Wealth tax’ can fund efforts to combat poverty, climate change — US economist Sachs
COUNTRIES must consider imposing a wealth tax on the “super-rich” to generate much-needed funds to address issues like poverty and climate change, according to American economist Jeffrey D. Sachs.
Holidays, elections may boost jobs, but only temporarily, economists say
THE Christmas holidays and elections next year would most likely create temporary jobs for many Filipinos, while a more dynamic business environment due to easing inflation and lower interest rates will create more quality jobs toward the second half of 2025.
External debt service burden down at end-July
THE PHILIPPINES’ external debt payments declined as of end-July amid a slump in principal payments, preliminary data from the Bangko Sentral ng Pilipinas (BSP)...
BSP seen to continue easing cycle
THE DOOR is now wide open for the Bangko Sentral ng Pilipinas (BSP) to continue its rate-cutting cycle although at a gradual pace, analysts said.
PhilHealth to proceed with fund transfer in Nov. — Recto
THE PHILIPPINE Health Insurance Corp. (PhilHealth) will proceed with the scheduled transfer of the remaining P29.9 billion in excess funds to the Treasury in November despite questions over its constitutionality, Finance Secretary Ralph G. Recto said.
Philippines’ BPO sector seen to shrink amid shift to AI
THE BUSINESS PROCESS OUTSOURCING (BPO) industry in the Philippines is likely to shrink as the shift to artificial intelligence (AI) in the workplace accelerates,...
CAB, local carriers to discuss proposed fees
THE CIVIL Aeronautics Board (CAB) is set to meet with local carriers on Friday (Oct. 18) to discuss the airlines’ proposal to collect terminal enhancement fees from passengers amid the rising cost of using the Ninoy Aquino International Airport (NAIA).