NG debt breaches P13 trillion as of end-August

The National Government’s (NG) outstanding debt rose to a record-high P13.02 trillion at the end of August, beating the previous high of P12.89 trillion...

BSP says September annual inflation within 6.6% to 7.4% range

The Bangko Sentral ng Pilipinas (BSP) on Friday said it expects the annual inflation rate for September to stay within the 6.6% to 7.4%...

PHL fiscal deficit sharply narrows in August

By Diego Gabriel C. Robles The National Government’s budget deficit sharply narrowed in August, as the growth in government revenues outpaced expenditures, the Bureau of...

Traders seek low pork duty for 5 years

MEAT TRADERS asked Philippine President Ferdinand R. Marcos, Jr. to cut the tariff on imported pork for the next five years to ensure food security and cool inflation.

Sumitomo bags P27-B Manila subway project

THE PHILIPPINE Transportation department has awarded contracts for the Metro Manila Subway Phase 1 and South Commuter Railway projects.

Marcos visit to US may yield $3.9B in investments

PHILIPPINE PRESIDENT Ferdinand R. Marcos, Jr.’s visit to the United States last week could yield almost $3.9 billion (P229 billion) in investments from several sectors including manufacturing, according to the presidential palace.

IT-BPM industry still bullish on growth

THE INFORMATION TECHNOLOGY and business process management (IT-BPM) industry is targeting to generate as much as $59 billion in revenues by 2028, as it sees continued growth despite the dimming global outlook.

Philippines improves in digital competitiveness

THE PHILIPPINES improved two spots in a global digital competitiveness index, but still had the lowest ranking among Southeast Asian countries.

Gov’t to borrow P200B from domestic market

THE NATIONAL GOVERNMENT (NG) plans to borrow P200 billion locally in October, the Bureau of the Treasury (BTr) said on Wednesday.

Peso touches P59 vs dollar for 1st time

THE PHILIPPINE PESO breached the P59-to-dollar level for the first time in intraday trading on Wednesday, before closing just below the record low.   

Asian central banks need broader FX defense as reserves slide

DECLINING foreign exchange (FX) reserves mean Asian central banks will probably start looking for alternative ways to support their currencies, according to Nomura Holdings, Inc.

WB upgrades PHL growth outlook

THE WORLD BANK (WB) upgraded its growth forecast for the Philippines for this year and 2023, citing an “accommodative” fiscal policy conducive to recovering domestic demand despite a hawkish central bank and a pessimistic global economic outlook.
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