Philippines’ big banks saw slower asset growth in fourth quarter
THE PHILIPPINES’ big banks saw slower growth in total assets in the fourth quarter of 2023, while loans grew the fastest in three quarters...
Red Sea crisis could fan Asia’s inflation anew, delay rate cuts
ASIA could see slower economic growth and a resurgence of inflation as escalating violence in the Red Sea snarls shipping between the region and...
Philippine jobless, underemployment rates rise in January
By Lourdes O. Pilar, Researcher
THE COUNTRY's jobless rate and job quality worsened to six-month high in January due to the loss of seasonal jobs...
Factory output picks up in January
MANUFACTURING OUTPUT picked up in January to its fastest pace in four months, the Philippine Statistics Authority (PSA) reported on Thursday.
Preliminary data from the...
BSP open to issuing more licenses to digital banks
THE PHILIPPINE central bank is considering issuing more licenses to digital banks on top of the six operating now after receiving expressions of interest from several entities, its governor said.
All eyes on lack of storage, logistics costs as food drives Philippine inflation
THE MARCOS administration should work with the private sector in cutting logistics costs while building more storage facilities nationwide to ease the impact of rising prices, economists said.
Higher power rate looms as Meralco, ACEN jointly seek relief from ERC
MANILA ELECTRIC CO. (Meralco) and ACEN Corp. are jointly seeking relief from the energy regulator to recover P700 million in losses incurred by the Ayala-led energy company in relation to its supply deals with the power utility.
‘Too soon’ to cut policy rate — BSP
THE PHILIPPINE central bank governor on Wednesday said it is too early to cut benchmark interest rates absent an assurance that prices are really on a downtrend.
DoF proposes key changes to mining fiscal reform bill
THE FINANCE department is proposing a simplified fiscal regime for the Philippine mining industry that is seen to generate as much as P10 billion in additional revenues every year.
Japan credit rater affirms PHL rating
THE JAPAN Credit Rating Agency (JCR) affirmed on Wednesday the Philippines’ credit rating at “A-” with a “stable” outlook, as it expects the government...
Industry group says inconsistent LGU rules driving away IT-BPM investors
INCONSISTENCY in local government rules may drive away investors in the information technology and business process management (IT-BPM) sector, an industry group said.
IT and...
Philippine central bank says too early to declare victory against inflation
MANILA - Philippine central bank Governor Eli Remolona said on Wednesday it was too soon to declare victory against inflation.
Annual inflation quickened to 3.4%...