Space for accommodative policy narrowing, Diokno says: BSP set to begin tightening cycle

BANGKO SENTRAL ng Pilipinas (BSP) Governor Benjamin E. Diokno on Wednesday said the space for keeping an accommodative policy is shrinking, amid rising inflation risks and the economy’s return to pre-pandemic level in the first quarter.

NCR wage hike takes effect June 3

A NEW MINIMUM WAGE in the National Capital Region (NCR)  and Western Visayas will be implemented next month, the Labor department said on Wednesday, adding that workers in three other regions will soon see higher take-home pay.

Return-to-office orders could lead to stampede of top talent in Philippines

JOHN GABRIEL GALANG-PILAPIL, 22, finally returned to his office on March 6 after working from home for the past two years amid a coronavirus pandemic.

Business groups press Congress to pass key economic reform bills

LOCAL BUSINESS GROUPS and foreign chambers once again pressed the outgoing 18th Congress to pass the last set of economic reform bills in its remaining session days.

Mountain of Philippine economic challenges awaits Marcos team

After his landslide presidential election win, the Philippines’ Ferdinand “Bongbong” Marcos Jr. now faces soaring inflation and limited revenue to achieve his ambitious infrastructure...

Investment pledges fall to 13-year low

FOREIGN INVESTMENT pledges fell to their lowest in more than a decade in the first quarter, as sentiment was affected by another virus surge...

PHL economy now seen to grow by 8% this year

THE Philippine economy is expected to grow by 8% this year on the back of upbeat first-quarter economic expansion, Standard Chartered Bank economists said. In...

Bill protecting financial consumers signed

PRESIDENT Rodrigo R. Duterte has signed a bill that boosts consumer protection against cyber-crime, as the Philippines accelerates the shift to a cash-lite economy. Republic...

DoF eyes opportunities to support clean energy transition

THE Department of Finance (DoF) is eyeing opportunities that will support the country’s shift to clean and renewable energy sources. In a statement, Finance Secretary...

Remittances jump 3.2% in March

MONEY SENT HOME by overseas Filipinos rose by 3.2% in March, reflecting improved economic conditions in many host countries as pandemic restrictions eased.