Trump win could pose risk to peso, other Asian currencies — analysts
THE RETURN of Donald J. Trump to the US presidency could cause Asian currencies such as the Philippine peso to weaken, analysts said.
Resilient consumption seen to drive growth
THE PHILIPPINE ECONOMY is expected to expand by 5.8% this year as consumer spending remains resilient, ANZ Research said.
In a note on Thursday,...
Rate hike unlikely in first half of 2022, says Diokno
THE PHILIPPINES’ central bank is unlikely to increase policy rates in the first half of this year as it waits for the economic recovery to become entrenched and unemployment to fall, according to central bank Governor Benjamin E. Diokno.
PEZA expects higher investments if ‘investor-friendly’ CITIRA is passed
THE Philippine Economic Zone Authority (PEZA) is targeting to grow investments by 5-10% this year, amid lingering investor concern over the government’s plan to rationalize incentives.
Investment pledges climb 40% in January-May
FRESH PROJECTS pledged at the Board of Investments (BoI) in the first five months of the year climbed 40.1% from a year ago, with power projects spurring the growth.
EO imposes price cap on 133 medicines
PRESIDENT Rodrigo R. Duterte on Monday signed the executive order (EO) placing cap on the retail prices of 133 medicines, including those for hypertension, diabetes, cardiovascular disease and some types of cancer.
Bank lending rises in Nov. as firms turn optimistic
BANK LENDING grew for a fourth straight month in November, as firms became more bullish on the Philippine economy’s recovery.
BoP deficit widens to $2.3B in Sept.
THE PHILIPPINES posted its largest monthly balance of payments (BoP) deficit in four years in September, the Bangko Sentral ng Pilipinas (BSP) said on Wednesday.
BSP to ensure sustainable recovery before tightening
THE BANGKO SENTRAL ng Pilipinas (BSP) may consider hiking its key interest rate in June if economic growth and employment data show recovery is now entrenched, its governor said.
Consumers to see lower water bills as VAT removed
CUSTOMERS of Maynilad Water Services, Inc. and Manila Water Co., Inc. will see lower bills starting this month due to the removal of the 12% value-added tax (VAT), the regulator said on Thursday.
Moody’s sees growth on track to target
THE PHILIPPINES remains on track to hit the low end of the government’s growth goal this year, with improving global prospects expected to support...
Duterte names acting heads of agriculture and budget departments
PRESIDENT Rodrigo R. Duterte has appointed acting secretaries to head the agriculture and budget departments, Malacañang said on Monday.