Economic managers woo Japanese investors
PHILIPPINE ECONOMIC managers on Tuesday wooed Japanese investors, touting the country’s “solid foundation” for recovery even as it continues to battle a Delta-driven surge in coronavirus infections.
Monetary easing still ‘on the table,’ says BSP
THE BANGKO SENTRAL ng Pilipinas (BSP) is keen on keeping an accommodative policy stance to support economic recovery, but officials say further monetary easing is still “on the table.”
DoF thumbs down bill on debt cap
THE Department of Finance (DoF) rejected a proposed legislation that would cap the debt ratio at 50% of gross domestic product (GDP), citing the need to maintain flexibility especially in times of crisis.
Japan debt watcher affirms PHL rating
THE Japan Credit Rating Agency (JCR) on Monday affirmed the Philippine sovereign rating at “A-,” citing the economy’s resilience as evidenced by its relatively low debt and unimpaired “fiscal soundness.”
Philippine Airlines sees return to pre-pandemic level after 2025
PHILIPPINE Airlines, Inc. (PAL) said on Monday it may return to its pre-pandemic level of operations after 2025, as global travel demand is likely to remain sluggish in the next few years due to the prolonged pandemic.
‘Almost lifeless’ economy needs more stimulus
THE Philippines appears to be showing more signs of “economic scarring” due to the prolonged pandemic, making it more crucial for the government to ramp up fiscal spending, an economist said.
Aug. inflation likely above target — poll
INFLATION likely quickened in August and settled above the central bank’s official target range anew, as a weaker peso pushed food prices up, according to analysts.
US may increase South China Sea presence after exit from Afghanistan
THE UNITED STATES military will probably increase its presence in the South China Sea after pulling out of Afghanistan, in a move that will counter Chinese militarization of the disputed water, political analysts said.
Gross borrowings hit P2.27 trillion as of end-July
GOVERNMENT BORROWINGS increased by 22% in the seven months to July from a year earlier, as the budget deficit continues to widen.
BusinessWorld’s 34th Anniversary Report: Bouncing back better
THE DIFFICULT YEAR that coincided with BusinessWorld’s 34th anniversary saw the newspaper, like many organizations, having to evolve. At the same time, it had to deliver a day-to-day news product that met the usual high standards expected of the Philippines’ leading business newspaper, and introduce innovations to adapt to the “new normal.”
Philippine Airlines files bankruptcy as travel fallout rises
Philippine Airlines Inc. filed for Chapter 11 bankruptcy in New York with a lender-supported plan that helps the country’s main carrier recover after the...
New virus variants could push ASEAN recovery to 2023
By Luz Wendy T. Noble, Reporter
The economic recovery of the Philippines and rest of Southeast Asia may be pushed back to 2023, amid the threat of new and more...