Philippine inflation quickens for the first time in five months in February
MANILA - Philippine annual inflation sped up for the first time in five months in February due to faster increases in food and transport...
Pace of easing must be considered very carefully — BSP
THE BANGKO SENTRAL ng Pilipinas’ (BSP) policy path is skewed towards easing, but the pace of cuts should be carefully considered, an official said.
“In...
Congress ratifies amendments to Public Service Act
Congress on Wednesday evening ratified the bicameral conference committee report of a bill amending the Public Service Act (PSA), which would now allow 100% foreign ownership in telecommunications, airlines and railways.
PHL urged to implement ‘smart’ policies to achieve double-digit growth
THE PHILIPPINES should implement “smart” policies that address challenges in power, infrastructure and defense sectors in order to fuel double-digit economic growth, Denmark’s ambassador...
Dirty money watchdog sets new requirement
THE Anti-Money Laundering Council (AMLC) now requires banks, casinos and other covered businesses to digitize customer records to fast-track reporting and facilitate monitoring.
Nov. cash remittances sink to six-month low
MONEY SENT HOME by overseas Filipino workers (OFWs) reached $2.719 billion in November — the lowest in six months — amid geopolitical tensions in the Middle East and a stronger peso against the dollar.
DENR pushes, DoF backs tax on use of plastic
THE Department of Environment and Natural Resources (DENR), with the support of the Finance department (DoF), is pushing an environmental tax on companies to discourage the use of plastic, with a goal to implement the tax before President Rodrigo R. Duterte ends his term in mid-2022.
Budget delay seen to hurt recovery
A DELAY in the passage of the 2021 national budget will likely hobble the Philippine economy’s recovery, as a reenacted budget will prevent the release of much-needed funds for the pandemic response and infrastructure projects, economists said.
PHL urged to ramp up competitiveness amid Trump tariff reprieve
THE PHILIPPINES should boost efforts to improve its competitiveness in attracting investments amid the 90-day pause on US President Donald J. Trump’s higher reciprocal tariffs.
Marcos backs ASEAN consensus to avoid retaliation against US
PHILIPPINE President Ferdinand R. Marcos, Jr. on Monday welcomed the consensus of the Association of Southeast Asian Nations (ASEAN) to avoid retaliatory actions against the US, which slapped so-called reciprocal tariffs on its trading partners.
NEDA preparing post-coronavirus pandemic policies
THE National Economic and Development Authority (NEDA) is preparing economic policies to help the country navigate the "new normal" once the coronavirus disease 2019...
Over 14,000 MW of new power projects set to go online by 2030
OVER 14,000 megawatts (MW) of new power projects nationwide are committed to go online in the next five years, according to the Department of...