Central bank sees July inflation at 4.1%-4.9%
HEADLINE INFLATION likely settled within the 4.1% to 4.9% range in July due to lower electricity rates, rollback in cooking gas prices, and a stronger peso, the Bangko Sentral ng Pilipinas (BSP) said.
Approved PEZA investment pledges nearly double
THE Philippine Economic Zone Authority (PEZA), which contributes about a third of the country’s total committed investments, registered what it called an “unprecedented performance”...
Philippines, JICA sign ¥30-billion loan deal
THE PHILIPPINES and the Japan International Cooperation Agency (JICA) signed a ¥30-billion (around P11.6-billion) loan agreement to strengthen the country’s disaster resilience.
“The loan seeks...
P470 hike in NCR daily wage sought
THE PHILIPPINES’ largest group of labor federations on Monday filed a petition seeking for a P470 increase in the daily minimum wage of workers in the capital region, bringing it to P1,007.
Debates on economic ‘Cha-cha’ begin
THE DEPARTMENT of Finance (DoF) on Monday asked Philippine lawmakers to ease foreign ownership limits in the 1987 Constitution for key sectors such as public utilities, mining, education, mass media and advertising to attract more investments.
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.
Cojuangco, who built Southeast Asia’s biggest food empire, dies at 85
PHILIPPINE billionaire and San Miguel Corp. Chairman and Chief Executive Officer Eduardo “Danding” M. Cojuangco, Jr., who built Southeast Asia’s oldest and largest food and drink empire, has died. He was 85.
Mixed BSP messages confound economists
LIFE is getting harder for Philippine central bank watchers.
Bangko Sentral ng Pilipinas (BSP) Governor Nestor A. Espenilla, Jr. has veered between statements that analysts...
Traders to import 1.19M MT of rice
THE National Food Authority (NFA) has 180 applicants from the private sector to import 1.19 million metric tons (MT) of rice under the out-quota scheme as the government prepares to lift a cap on purchases, with its tariffication law for the staple expected to be in force “soon.”
S&P upgrades Philippines’ credit outlook to ‘positive’
By Melissa Luz T. Lopez, Senior Reporter
S&P Global Ratings bumped up its outlook on the Philippine economy, as it took stock of tax reform...
MWSS approves lower Metro Manila water bills
WATER BILLS in areas served by Metro Manila’s two service concessionaires will dip starting April 1 after the regulator approved the adjustments to reflect...
Customs exceeds May collection target by 21%
THE BUREAU of Customs (BoC) on Thursday said it exceeded its May collection target by a fifth due to improved valuation and collection efforts as the economy continues to rebound.