NG debt service bill soars in April
THE NATIONAL Government’s (NG) debt service bill sharply increased year on year in April as amortization payments more than doubled, the Bureau of the...
Below-target inflation supports case for another rate cut, analysts say
THE BANGKO SENTRAL ng Pilipinas (BSP) will be able to further reduce interest rates amid below-target inflation and weak economic growth, analysts said.
“With...
Assets of Philippines’ largest banks expand by 9.5% in 1st quarter
THE COMBINED ASSETS of the Philippines’ largest banks grew by nearly 10% in the first quarter compared with a year earlier, driven by lower interest rates.
Inflation eases to over 5-year low
By Luisa Maria Jacinta C. Jocson, Senior Reporter
HEADLINE INFLATION eased to an over five-year low in May, as utility costs rose at a slower...
Japan debt watcher affirms Philippines’ ‘A-’ rating
THE JAPAN Credit Rating Agency (JCR) has again maintained the Philippines’ “A-” rating with a “stable” outlook, citing the country’s resilient economic growth and...
PCCI, MBC concerned over legislated wage hike
THE Philippine Chamber of Commerce and Industry (PCCI) and Makati Business Club (MBC) on Thursday expressed concern over a legislated wage hike, saying this...
Philippine peso volumes to gain on economic growth, FX head says
TRADING VOLUMES for the Philippine peso can grow as much as 10% in the coming years, according to the head of the nation’s currency...
Philippine annual inflation at 1.3% in May
MANILA (UPDATE) - Philippine annual inflation eased for a fourth consecutive month in May, driven by slower increases in utility and food prices, the...
House approves P200 wage hike bill
THE HOUSE of Representatives on Tuesday approved on third and final reading a measure seeking a P200 across-the-board minimum wage hike for workers in the private sector, despite concerns over its potential inflationary effects and adverse impact on small businesses.
PHL shows solid growth momentum, OECD says
THE PHILIPPINES’ growth momentum remains “broadly stable,” even as global trade tensions would make it hard to hit the 6-8% growth target in the...
BSP proposes changes to regulatory relief policy
THE BANGKO SENTRAL ng Pilipinas (BSP) is seeking to amend its regulatory relief policy for banks in order to provide them with more support...
New SEC chief urged to boost capital market development
THE RECENT appointment of prominent lawyer Francisco Edralin Lim as the new chairperson of the Securities and Exchange Commission (SEC) received the backing of top corporate executives, business groups, and market analysts, who urged him to push initiatives to develop the local capital markets.