Debt watchers flag risks from consumer, SME loans
THE asset quality of local banks is expected to deteriorate in the coming months, as the consumers and small businesses struggle during the economic slowdown, global debt watchers said.
$660M in ‘hot money’ exits PHL in April
By Luz Wendy T. Noble, Reporter
AROUND $660 million in foreign capital left the Philippines in April as investors pulled out due to worries over...
Factory output grows in January
MANUFACTURING OUTPUT climbed to six-month high in January as heavily weighted food products rebounded, the Philippine Statistics Authority (PSA) reported on Friday.
Preliminary data from...
TC slaps anti-dumping duties on Thai gypsum boards
THE TARIFF Commission (TC) has ordered the imposition of anti-dumping duties on standard gypsum board imports from Thailand for five years due to its...
Revival of EU-PHL free trade talks sought
A EUROPEAN investors’ group wants a revival of free trade talks between the Philippines and the European Union (EU) to expand local exports to the 27-nation union.
Central bank expects inflation to have steadied in November
INFLATION likely steadied in November from the preceding month on the back of higher fuel costs and electricity rates, the Bangko Sentral ng Pilipinas...
December fiscal gap widens
By Luz Wendy T. Noble, Reporter
The government’s budget deficit worsened in December amid lower revenue and increased spending amid a coronavirus pandemic, according to the Treasury bureau.
The fiscal gap...
BSP raises P90B from bill auction
By Beatrice M. Laforga, Reporter
The Bangko Sentral ng Pilipinas (BSP) fully awarded the short-term securities it offered on Friday as rates declined after the government’s recent euro bond...
Gov’t takes 2nd look at unsolicited proposal for NAIA rehabilitation
THE government is taking a second look at another unsolicited proposal to upgrade the Ninoy Aquino International Airport (NAIA), after the consortium of top conglomerates backed out of an earlier deal.
Bank lending rises in Nov. as firms turn optimistic
BANK LENDING grew for a fourth straight month in November, as firms became more bullish on the Philippine economy’s recovery.
Senate sets work on 2nd tax reform
THE SENATE will start next week committee-level work on the second tax reform package designed to overhaul the corporate tax and incentives scheme.
BoI-approved investments hit P1.16T
THE BOARD of Investments (BoI) said on Tuesday that total approved investments reached a record P1.16 trillion so far this year, thanks to a...