Cash remittances hit six-month high in June
CASH REMITTANCES from overseas Filipino workers (OFWs) rose to a six-month high in June, the Bangko Sentral ng Pilipinas (BSP) said late on Thursday.
BoP in surplus for 2nd month in a row
THE country saw a thinner surplus in its balance of payments (BoP) position in March on the back of hot money outflows and a narrower trade deficit.
Lenders face higher asset quality risks — Fitch
PHILIPPINE BANKS are facing increasing asset quality risks amid high interest rates, but any deterioration will likely be manageable, Fitch Ratings said on Monday.
“Banks’...
PEZA eyes P300-B investments in 2026
THE PHILIPPINE Economic Zone Authority (PEZA) is hoping to breach the P300-billion level in investment approvals in 2026 amid a strong pipeline.
“From its early...
As bad loans pile up, big banks cut back on lending
THE IMPACT of the ongoing coronavirus pandemic continued to weigh on banks in the second quarter as assets grew at a slower pace and bad loans piled up.
Philippine business confidence weakest in over 25 years in March
BUSINESS CONFIDENCE fell to its weakest in more than 25 years in March as firms turned pessimistic on expectations that higher fuel costs from...
Socialized housing remains unaffordable despite expanded 4PH program — study
POOR FILIPINOS will likely remain unable to afford housing even under the government’s expanded flagship program due to low wages and the lack of job security, according to a research paper published by the University of the Philippines Center for Integrative and Development Studies.
DOTr accepts PAL’s P6B settlement
THE Department of Transportation (DOTr) on Friday said it accepted Philippines Airlines’ (PAL) P6 billion offer to settle its dispute with the government over...
Palace orders ‘unimpeded’ rice imports
PRESIDENT Rodrigo R. Duterte has ordered “unimpeded” importation of rice, adding to steps meant to ease inflation which has been hitting multiyear peaks, Malacañang’s spokesman said on Tuesday.
Gov’t urged to boost education spending as students fare badly in latest PISA study
THE PHILIPPINE government should boost spending on its public education system, arts and technology, as well as improve on-the-job training programs for students after a global study found Filipino students among the worst in the world in creative thinking, according to economists and education experts.
DoE clears limited rollout of Euro II fuels
THE DEPARTMENT of Energy (DoE) is allowing the temporary rollout of Euro II, or fuels that meet an older emission standard with higher sulfur...
Gov’t to borrow P135B from domestic market in Dec.
THE GOVERNMENT plans to borrow P135 billion from the domestic market in December, the Bureau of the Treasury (BTr) said.