War’s impact on PHL ‘minimal’ — BSP
THE CENTRAL BANK on Monday said Philippine banks have “minimal” exposure to Russia and Ukraine, as the war continues for a seventh week.
Dwarfed Philippine stock market eyes more volume amid stumbling blocks
THREE of the four companies that went public and raised almost P20 billion last year did so in the last quarter, suggesting that the local capital market is maturing, according to the corporate regulator.
GOCC subsidies up 75% in April
SUBSIDIES PROVIDED to government-owned and -controlled corporations (GOCCs) surged in April, data from the Bureau of the Treasury (BTr) showed.
Budgetary support to GOCCs jumped...
Planners cut economic projections further
ECONOMIC MANAGERS on Wednesday slashed their gross domestic product (GDP) growth targets for 2021 and 2022, abandoning original hopes for expansion of up to eight percent, while revising this year’s forecast to a tighter range following earlier quarters’ slower-than-expected clips.
July reserves hit $106.6B
Philippine dollar reserves rose in July after the government’s global bond sale and due to rising gold prices in the international market, the central bank said on Friday.
Gross international reserves went up by 0.75% to $106.55 billion from a month earlier, data from the Bangko Sentral ng Pilipinas (BSP) showed. The...
PHL to continue paying debt despite crisis
THE Philippines will not consider suspending interest payments on its debt obligations despite the rising costs of keeping the economy afloat amid the coronavirus disease 2019 (COVID-19) pandemic, Finance Secretary Carlos G. Dominguez III said on Tuesday.
Electronics exports seen to fall flat
THE SEMICONDUCTOR and Electronics Industries in the Philippines Foundation, Inc. (SEIPI) said on Wednesday it now expects electronics exports to be flat after seeing...
House recalls ratification of PPP bicameral report
THE HOUSE of Representatives on Wednesday recalled the ratification of the Bicameral Conference Committee report that reconciled disagreeing provisions of a bill that seeks...
MIT study counts PHL among those primed for 5G
WITH THE EXPECTED rollout of fifth-generation wireless (5G) networks as early as next year, senior executives in the Philippines surveyed by MIT Technology Review said they expect the technology to boost several industries in the country, led by financial services, manufacturing and retail sectors.
AMRO cuts PHL growth outlook
THE ASEAN+3 Macroeconomic Research Office (AMRO) trimmed its growth outlook for the Philippines this year amid deteriorating global economic conditions.
In its Regional Economic...
DBCC trims growth target for 2023
ECONOMIC MANAGERS trimmed the Philippines’ gross domestic product (GDP) growth target for 2023, citing the anticipated global economic slowdown.
PHL trade may benefit from easing restrictions
PHILIPPINE TRADE is seen to gradually benefit from easing restrictions from the world’s largest economies, after steep declines in global trade were somewhat tempered by government responses to contain the pandemic.
