Senate Finance panel vice-chairman readies bill modernizing the gov’t budget system
THE MEASURE that will modernize the government’s budgeting system, which failed to hurdle the 17th Congress, will be refiled in the Senate.
Trade gap narrows to $3.16 billion in February
The Philippines’ trade-in-goods deficit narrowed in almost four years in February as exports eased while imports declined, the Philippine Statistics Authority (PSA) reported on...
Meralco rates to go up this month
Manila Electric Co. (Meralco) on Friday said power rates would increase this month on higher transmission charge.
In a statement, the company said the charge...
Building material costs likely to remain steady
THE COST of building materials is likely to remain steady this year amid government demand and slowing inflation, although geopolitical uncertainties may cause price volatility, according to construction company executives.
AMLC, PAGCOR keep close eye on dirty money risks from POGOs
THE ANTI-MONEY Laundering Council (AMLC) and the Philippine Amusement and Gaming Corp. (PAGCOR) have been monitoring dirty money risks from Philippine Offshore Gaming Operators (POGOs) through risk and on-site assessments as part of their signed memorandum of agreement, AMLC Executive Director Mel Georgie B. Racela said.
Trump’s China tariffs risk costing US jobs — new study shows
PRESIDENT Donald Trump says his trade actions may cause “a little pain” in the short term, and a new study shows US agricultural workers...
Poll: Inflation picked up in August
HEADLINE INFLATION may have slightly picked up in August as rising food and electricity costs were tempered by low rice prices, analysts said.
Domestic trade slumps by 25.5% in the third quarter
Trade in domestic goods declined 25.5% in the third quarter to P181.460 billion as the country’s inflation rate moved at a faster pace, according...
Gov’t to raise P250 billion from local mart in Sept.
THE GOVERNMENT is looking to raise P250 billion from the local market in September, 25% higher than the P200-billion program this month, as it seeks to take advantage of low rates and market liquidity, the Treasury said.
Stronger peso likely to hurt exports, services
THE PESO could strengthen further following the start of the US Federal Reserve’s rate-cutting cycle, analysts said, but warned that these could impact exports and services.
LANDBANK provides Manila P10-B credit line
THE MANILA CITY government signed a P10-billion loan agreement with the Land Bank of the Philippines for financing of upgrades of key facilities, LANDBANK said in a statement on Tuesday.
Plan to tax the super-rich needs further study, economists say
THE PLAN to tax the super-rich would need further evaluation to identify wealth and appropriate tax levels after the Finance department suggested the plan could lead to capital flight, economists said.