Recto sees 6% growth in 3rd quarter

THE PHILIPPINE ECONOMY likely grew by 6% in the third quarter as declining inflation may have fueled a rebound in consumer spending, Finance Secretary...

Inflation now on a ‘target-consistent path,’ says Remolona

INFLATION is now on a “target-consistent path,” which provides room for further easing, Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona, Jr. said. “With...

Rate cuts may boost demand amid condo oversupply in Metro Manila

FURTHER RATE CUTS by the Philippine central bank could help spur new residential project launches and drive take-up of existing condominiums in Metro Manila,...

Banking system’s total assets jump by 11% to P26 trillion

THE PHILIPPINE banking industry’s total assets jumped by 10.8% as of end-August, Bangko Sentral ng Pilipinas (BSP) data showed.

MPTC’s Singson named as MAP Management Person of the Year

ROGELIO L. SINGSON, president and chief executive officer (CEO) of the Metro Pacific Tollways Corp. (MPTC) has been named “Management Person of the Year...

Philippines’ August joblessness eases

UNEMPLOYMENT in the Philippines eased to 4% in August as more female workers got hired in the service sector, the local statistics agency said on Tuesday.

August factory output drops on electronics, food

FACTORY OUTPUT dropped to a four-month low in August due to slower growth in electronics and food manufacturing, according to the Philippine Statistics Authority (PSA).

WB raises PHL’s 2024, 2025 growth forecasts

THE World Bank (WB) has raised its economic growth forecasts for the Philippines for this year and in 2025, driven by improved service exports...

Four more PHL airports to be privatized next year

AT LEAST four more Philippine airports in the countryside are expected to be privatized in 2025, the Department of Transportation (DoTr) said last week.

Refining a legacy of excellence

BARBARA “BAMBI” G. TAN, president and chief executive officer (CEO) of A.D. Gothong Manufacturing Corp., (ADGMC) is committed to delivering only top-notch quality.

Dollar reserves hit record $112 billion

THE PHILIPPINES’ gross international reserves (GIR) rose to a record high at end-September, the Bangko Sentral ng Pilipinas (BSP) said on Monday.   

PHL, Korea to study Bataan Nuclear Power Plant revival

THE PHILIPPINES and South Korea on Monday signed six agreements, including one that calls for a feasibility study on the rehabilitation of the mothballed Bataan Nuclear Power Plant (BNPP), as they upgraded bilateral ties to a strategic partnership.