Diokno: ‘A’ rating campaign to resume once recovery is on track

BANGKO SENTRAL ng Pilipinas (BSP) Governor Benjamin E. Diokno said the government’s campaign to secure a long-coveted “A” credit rating will resume only if a recovery is seen next year.

BSP streamlines public disclosure rules for banks 

THE BANGKO SENTRAL ng Pilipinas (BSP) is streamlining rules for banks on the publication of their quarterly balance sheets, giving them a choice to publish either in print or online.

Peso seen in for more pain

THE PHILIPPINE PESO could be in for greater pain despite the country’s strong economic growth, with major money managers bearish on the currency.

Corporate bonds this year expected to hover around 2017’s record level

By Krista A. M. Montealegre National Correspondent THE Philippine Dealing and Exchange Corp. (PDEx) expects new corporate bond listings to match last year’s record level. The volume...

Moody’s cites risk to 2019 growth view

MOODY’S Investors Service sees a chance of even slower growth for the Philippines this year, with local construction works bogged down by budget delays and little support from subdued global demand.

State revenues, spending top Q1 targets

STATE revenues and expenditures beat targets last quarter, the Department of Finance (DoF) announced on Monday, citing preliminary data from the Treasury bureau ahead...

Uncertainty hounds PHL economic recovery

MOST economies in the Asia Pacific are seeing an early recovery, except for the Philippines and Indonesia which are facing continued uncertainty due to their struggles in containing the coronavirus disease 2019 (COVID-19) pandemic, Moody’s Analytics said.

Debt service bill down on lower principal payments

THE NATIONAL Government spent P42.975 billion to pay its debt in April, declining from a year ago, as it made significantly lower principal payments while disbursing more for interest, data from the Bureau of the Treasury (BTr) showed.

Pursue progressive tax reforms, gov’t urged

THE MARCOS administration should find new sources of revenue and reconsider the bill that seeks to further lower taxes imposed on domestic and foreign...

Energy regulator OK’s lower FiT-All

THE ENERGY REGULATORY COMMISSION (ERC) has approved a feed-in tariff allowance (FiT-All) of P0.2226 per kilowatt-hour (/kWh) applied to the year 2018, P0.0706/kWh lower than the rate applied for by state-led National Transmission Corp. (TransCo).

BSP to keep policy rates steady — poll

THE PHILIPPINE central bank will likely keep its benchmark policy rates steady at 6.25% for a third straight meeting on Thursday, amid easing inflation and slowing economic growth.

June FDI inflows highest in 3 months

NET INFLOWS of foreign direct investments (FDI) to the Philippines rose for a second straight month in June as lockdown restrictions eased in the Philippine capital, but it was not enough to reverse the slump during the first half.