France now being eyed to fund P28-B bridge project following failed talks with South...
THE FINANCE DEPARTMENT is now seeking France’s help to fund a P28-billion project to build hundreds of rural bridges in the Philippines that was initially proposed to South Korea.
Inflation likely eased further
INFLATION likely slowed further in April, with the continued decline in oil prices amid the pandemic seen offsetting the slight uptick in food costs due to the extended lockdown of Luzon island.
Philippines may face ‘deep scarring’ from pandemic — Moody’s
The Philippines may face “deep scarring” or long-lasting economic losses due to the prolonged pandemic, Moody’s Investors Service said on Friday.
“Many have been challenged...
Marcos’ US trip yields $672M in investment commitments
THE PHILIPPINES secured $672.3 million in investment pledges during President Ferdinand R. Marcos, Jr.’s weeklong trip to the United States, according to his office.
The...
BoI investment approvals hit P463 billion in Q1
THE BOARD of Investments (BoI) has seen a 155% rise in approved investments for the first quarter (Q1) to P463.3 billion, with 68 approved...
PHL allocates P45B for booster shots
by Kyle Aristophere T. Atienza
THE Philippine government is setting aside P45.37 billion for coronavirus disease 2019 (COVID-19) booster shots under the proposed 2022 national budget, the Palace said...
IMF temporarily boosts fund limits to help members beat crisis
THE International Monetary Fund (IMF) will temporarily increase funding limits for member nations to help them overcome current economic challenges.
The annual limit under the...
Philippine graft scandal may worsen stocks rout, says PSE president
PHILIPPINE Stock Exchange, Inc. (PSE) President and Chief Executive Officer Ramon S. Monzon has urged a “swift” and “credible” investigation of corruption allegations facing...
Global supply chain woes disrupt supermarket inventories
GLOBAL SUPPLY CHAIN delays have caused some shortages in supermarket inventory and price spikes, the head of an industry group said.
Gov’t to ease foreign cap in construction
THE GOVERNMENT is looking to allow foreign contractors to take on public construction projects under a more liberal Foreign Investment Negative List (FINL) in...
House passes P1.3-trillion stimulus bill on 2nd reading
THE House of Representatives on Monday approved on second reading a P1.3-trillion stimulus package that the government hopes will boost economic growth amid the coronavirus crisis.
Prolonged coronavirus outbreak to hurt PHL growth
THE SPREAD of the novel coronavirus (2019-nCoV) is estimated to hurt the economic growth by 0.3% if the outbreak stays longer or until June largely due to impact on tourism sector, according to preliminary estimates by the National Economic and Development Authority (NEDA).