Korea grants $100-M loan for PHL pandemic response
THE South Korean government on Monday said it has extended a $100-million (P4.84-billion) loan to the Philippines to boost its war chest against the coronavirus disease (COVID-19) pandemic.
Counting SEA Games’ risks and benefits
LOGISTICAL glitches and allegations of corruption threaten to mar the Philippines’ hosting of the biennial Southeast Asian Games this year, which the country is doing for the fourth time in history.
BoP swings to $80-M surplus in June
THE balance of payments (BoP) registered an $80-million surplus in June — the slimmest in five months, reflecting the proceeds from foreign loans obtained by the government to fund its coronavirus response, the Bangko Sentral ng Pilipinas (BSP) said on Thursday.
Farm output seen to have improved
AGRICULTURAL PRODUCTION is seen to have improved in the fourth quarter of 2019 driven by increased spending of Filipinos on food during the Christmas season, and other rice-producing areas filling the gaps for those hit by typhoons in the latter part of the year.
Central bank reviewing single borrower’s limit
By Melissa Luz T. Lopez
Senior Reporter
THE CENTRAL BANK is reviewing the single borrower’s limit (SBL) imposed on banks to provide leeway for infrastructure financing,...
Investment banks eye 2025 income boom as Trump drives deal rebound
LONDON — President-elect Donald J. Trump’s return to the White House is seen fueling a dealmaking revival that could bolster investment banking income to...
BSP keeps benchmark rates steady
THE Bangko Sentral ng Pilipinas (BSP) kept benchmark interest rates unchanged on Thursday amid a benign inflation outlook and signs of economic recovery.
BIR releases draft IRR for CREATE Law
THE Bureau of Internal Revenue (BIR) released the draft guidelines for the implementation of the law that will immediately slash corporate income tax to 25% from 30%.
PHL faces ‘substantial’ uncertainty over virus surge, lockdown — IMF
THE International Monetary Fund (IMF) sees the Philippine economy bouncing back slightly faster than previously expected this year, but noted it is “critical” to contain the surge in coronavirus disease 2019 (COVID-19).
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.
Increased vaccinations to boost economic recovery
PROGRESS in the country’s vaccination program could help spur economic activity and boost recovery prospects, which would lead to the normalization of monetary policy, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said on Tuesday.
Philippines unlikely to expand trade away from ‘factory of the world’
MARIA LOUELLA MARQUEZ, 57, enjoys shopping for everything made in China.