Hot money posts net inflow of $153 million in August
Foreign portfolio investments registered a net inflow in August, marking the third straight month that foreign capital entered the country, the Bangko Sentral ng...
BSP to lower RRR ‘when time is right’
THE BANGKO SENTRAL ng Pilipinas (BSP) is looking to further reduce banks’ reserve requirement ratio (RRR) when the time is right, possibly as early...
NEDA chief expects better Q3 growth
ECONOMIC GROWTH likely rebounded in the third quarter as the government addressed underspending, National Economic and Development Authority (NEDA) Secretary Arsenio M. Balisacan said....
PHL to expand by 5% this year — ANZ
ANZ RESEARCH slashed its Philippine gross domestic product (GDP) growth forecast to 5% this year as economic activity is “losing steam much faster than...
Analysts warn proposed fuel tax suspension may have serious consequences
THE PROPOSAL to suspend fuel taxes could help tame inflation and provide relief for vulnerable sectors, analysts said, but also warned of its consequences.
Philippines sells $611 million in RDBs
THE PHILIPPINE government on Wednesday raised $611.2 million (P34.8 billion) at an auction of its second onshore retail dollar bonds (RDBs).
Tenders at the rate-setting...
Boards approve minimum wage hikes in 3 Philippine regions
REGIONAL wage boards on Wednesday approved increases in daily minimum wages in Cagayan Valley, Central Luzon and the SOCCSKSARGEN region, according to the Labor...
House OKs 2024 budget bill
By Beatriz Marie D. Cruz, Reporter
THE Philippine House of Representatives on Wednesday night approved on third and final reading the P5.786-trillion national budget for...
Senate, House ratify PPP bicam report after seesaw
The Senate and House of Representatives on Wednesday ratified the Bicameral Conference Committee report that reconciled disagreeing provisions of a bill that seeks to...
Philippine Q3 growth may hit 5.2%
THE PHILIPPINE ECONOMY would probably expand by as much as 5.2% in the third quarter — still below the government’s target — after posting its slowest growth in more than two years a quarter earlier, according to First Metro Investment Corp. (FMIC) and the University of the Asia and the Pacific (UA&P).
IT-BPM sector on track to hit revenue goal, boost GDP share
By Justine Irish D. Tabile, Reporter
THE PHILIPPINE information technology and business process management (IT-BPM) industry is on track to hit its $35.4-billion (P2-...
House recalls ratification of PPP bicameral report
THE HOUSE of Representatives on Wednesday recalled the ratification of the Bicameral Conference Committee report that reconciled disagreeing provisions of a bill that seeks...