Central bank might deliver fewer rate cuts this year

THE BANGKO SENTRAL ng Pilipinas (BPS) is expected to deliver fewer rate cuts later this year as the US Federal Reserve is likely to...

Peso weakness ‘temporary’ — BSP

THE BANGKO SENTRAL ng Pilipinas (BSP) sees the recent peso weakness as temporary amid the expected delay in the US Federal Reserve’s policy easing.

External debt hits $128.7B as of end-March

THE PHILIPPINES’ outstanding external debt stood at a record $128.7 billion as of end-March, the Bangko Sentral ng Pilipinas (BSP) reported. Data from the central...

Meralco rates to go down by almost P2 per kWh in June

RESIDENTIAL CUSTOMERS served by Manila Electric Co. (Meralco) will see a nearly P2 per kilowatt-hour (kWh) reduction in their electricity bills this month, instead...

PHL gov’t should consider raising taxes, analysts say

THE GOVERNMENT should consider raising taxes in order to ramp up revenues and meet its fiscal consolidation targets, analysts said.

Philippine central bank revises 2024 current account deficit projection

MANILA - The Philippine central bank said on Friday it expects the current account deficit to be smaller than previously forecast in 2024 and...

Rate cut probably after Fed — Recto

THE BANGKO SENTRAL ng Pilipinas (BSP) will probably cut its policy rate after the US Federal Reserve, which has signaled it may start easing as late as December.

June Meralco rates jump amid higher generation charge

TYPICAL HOUSEHOLDS in areas served by Manila Electric Co. (Meralco) will have to pay higher electricity bills this month, even as the utility deferred...

PHL banks fall short of lending quota for small, medium businesses

PHILIPPINE BANKS failed to meet the mandated quota for small business loans in the first quarter, data from the Bangko Sentral ng Pilipinas (BSP)...

World Bank to support more agriculture projects in PHL

THE WORLD BANK is seeking to fund more Philippine projects that seek to bolster productivity in the agriculture sector amid rising prices of food. “The...

Peso slump could derail rate cuts

THE PESO WEAKNESS could impact the Bangko Sentral ng Pilipinas’ (BSP) policy easing cycle even after inflation has settled within target for a sixth straight month in May, analysts said.

POGOs complicate Philippine effort to exit FATF’s ‘gray list’

THE STRONG PRESENCE of offshore gambling operators complicates the Philippines’ efforts against dirty money and does not bode well for its ambition to become an investment hub, economists warned.