Analysts expect slower price hike in June
INFLATION likely resumed easing last month following a surprise uptick in May, according to most analysts in a BusinessWorld poll late last week who cited declines in food and fuel prices.
Farm output likely shrank in 2nd quarter
LOCAL agricultural production likely contracted, albeit at a slower pace, in the second quarter, as the strict lockdown affected the employment of farm workers and prevented them from transporting their harvest, economists said.
AI may help boost PHL economy by $90 billion
THE PHILIPPINES should take advantage of the opportunities presented by artificial intelligence (AI), which has the potential to contribute as much as $90 billion...
Loan demand likely steady in 3rd quarter — BSP survey
MOST Philippine banks expect loan demand to remain steady in the third quarter, according to a survey by the Bangko Sentral ng Pilipinas (BSP).
In...
No currency sword of Damocles over the Philippines for now
THE PHILIPPINES is not expected to slip into a currency crisis anytime soon, Nomura economists said, citing little risk of such an event despite the recent weakness of the peso.
NG debt hits P13.75T as of end-Feb.
THE NATIONAL Government’s (NG) outstanding debt hit a record-high P13.75 trillion as of end-February as domestic borrowings increased, the Bureau of the Treasury (BTr) said on Thursday.
House approves bill amending AMLA on 2nd reading
THE House of Representatives on Tuesday evening approved on second reading a measure strengthening the regulations against money laundering, which is key to helping the country avoid being gray-listed by the Financial Action Task Force (FATF).
LANDBANK health at risk from sovereign wealth fund — economists
ECONOMISTS are worried about the alleged failure of Philippine lawmakers to take into account the health of state-owned Land Bank of the Philippines (LANDBANK) when it approved a proposed sovereign wealth fund.
Lawmakers ratify 2025 national budget
PHILIPPINE LAWMAKERS on Wednesday evening ratified the bicameral conference committee report on the P6.352-trillion national budget for 2025.
‘Better years’ ahead for PHL — Diokno
DESPITE a looming global recession, the Philippines is still expected to have one of the highest growth rates among six Association of Southeast Asian...
Filipino millennials’ optimism eroded
FILIPINO MILLENNIAL’s confidence in the country’s economic and socio-political situation has declined, according to survey results reported on Tuesday by NavarroAmper & Co., the Philippine management consultancy that forms part of the global Deloitte network.
PHL consumer demand seen to remain muted
DOMESTIC DEMAND in the Philippines and other emerging Asian economies is expected to remain muted amid a high interest rate environment, S&P Global Ratings...