Benchmark rate may reach 6.75% this year — Nomura
ELEVATED CORE INFLATION may likely prompt the Philippine central bank to hike its policy rate to as high as 6.75% this year.
SEIPI asks lawmakers to reconsider FIRB cap
AN ELECTRONICS exporters industry group is asking lawmakers to reconsider the potential cap on investments reviewed by investment promotions agencies (IPA).
Stock exchange trading halted due to technical glitch
THE PHILIPPINE Stock Exchange, Inc. (PSE) canceled trading on Tuesday due to technical problems in the local bourse’s trading engine.
More banks signal intent to sell NPAs
ANOTHER asset management company (AMC) has been given regulatory approval to buy banks’ bad assets amid the pandemic.
Philippine-German companies see zero, lower investment
Almost half of German companies and their partners in the Philippines expect zero or lower investment in the next 12 months as economic recovery...
PHL lags behind global trade rebound
PHILIPPINE EXPORT performance continues to lag behind a global rebound led by East Asia, a United Nations (UN) report said.
Domestic liquidity grows by 5.9% in June — BSP data
GROWTH in money supply further eased in June as high borrowing costs weighed on credit demand.
Data from the Bangko Sentral ng Pilipinas (BSP)...
AMRO cuts Philippine growth outlook amid slowing consumption
By Luisa Maria Jacinta C. Jocson Reporter
PHILIPPINE ECONOMIC GROWTH may fall short of the government’s target this year amid a slower-than-expected rise in consumption...
Duterte vetoes bill requiring SIM card, social media account registration
by Kyle Aristophere T. Atienza, Reporter
President Rodrigo R. Duterte vetoed a bill that seeks to mandate the registration of all subscriber identity module (SIM) cards and social media accounts...
Jobless rate hits 4-month high in Jan.
By John Victor D. Ordoñez, Reporter
THE UNEMPLOYMENT RATE rose to a four-month high of 4.8% in January amid the loss of temporary holiday jobs,...
DBCC to review economic growth targets in May
THE Development Budget Coordination Committee (DBCC) is set to meet next month to revisit economic growth targets, as economic managers assess the impact of the stricter lockdown as well as official gross domestic product (GDP) data for the first quarter.
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.
