Philippines falls 2 spots in global gender gap rankings
THE PHILIPPINES slipped two spots in the latest gender gap rankings released by the World Economic Forum (WEF), as the number of women participating in the labor force remained low amid the coronavirus pandemic.
Supermarket association sees slower price increases for grocery items
PRICE INCREASES for grocery items sold in supermarkets have slowed down amid easing inflation, according to a local industry group.
Foreign direct investments climb in February
FOREIGN DIRECT investments (FDI) climbed in February on investor optimism over the country’s growth prospects and fundamentals, the Bangko Sentral ng Pilipinas (BSP) reported on Friday.
Tighter watch looms on realty loans
THE CENTRAL BANK plans to roll out by next year new tools to better monitor lending to the volatile real property sector, according to a senior official of the Bangko Sentral ng Pilipinas (BSP).
Senate to rush ‘sin’ tax increases ahead of break
THE MEASURE increasing excise tax imposed on alcohol products, electronic cigarettes and other vapor products may hurdle the Senate this week, a Senate leader said.
G20 finance chiefs to say trade row ‘intensified’
FUKUOKA, JAPAN -- Group of 20 finance leaders said on Sunday that trade and geopolitical tensions have “intensified” but failed to express a pressing need to resolve them, in a final draft communique that said global growth is likely to pick up.
US public sees no clear winner in debt ceiling deal
WASHINGTON — Neither US President Joseph R. Biden, Jr.’s Democrats nor Republicans in Congress emerged as a clear winner in the battle to raise...
‘Better-than-expected’ tax gains cited
“IMPRESSIVE” gains from tax reform bode well for the Philippines’ credit rating, Moody’s Investors Service said, even as local political noise and tighter global financial conditions pose risks for the economy.
Tax take picks up in July but falls short
TAX COLLECTIONS picked up by double-digit pace last month but fell short of targets, the Department of Finance (DoF) said.
The Bureau of Internal Revenue...
S&P says risks remain in hot spots, including Philippines
THE OUTLOOK for the Asia-Pacific (APAC) banking industry is improving although risks remain in several coronavirus hot spots in the region, including the Philippines, S&P Global Ratings said.
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.
Infrastructure spending falls as of end-Feb. — DBM
STATE SPENDING on infrastructure fell by 21% as of end-February on high base effects, with the downward trend expected to continue throughout the first half as strict lockdown measures halted implementation of projects.
