DBCC may revisit growth targets — Balisacan
THE DEVELOPMENT Budget Coordination Committee (DBCC) has a “good case” for revisiting its growth targets for this year amid a weaker global economic outlook,...
US firms to invest over $1B in PHL
MAJOR US COMPANIES are set to announce over $1 billion worth of investments in the Philippines, US Commerce Secretary Gina Raimondo said on Monday.
“US...
FDI inflows slump by 7% in 2023
NET INFLOWS of foreign direct investments (FDIs) into the Philippines slumped for a second straight year in 2023 amid sluggish global economic growth and...
Marcos wants more US semiconductor firms to expand in PHL
PRESIDENT Ferdinand R. Marcos, Jr. said on Monday the Philippines wants US semiconductor companies to set up wafer fabrication facilities locally as part of the American push to bolster US competitiveness in an industry viewed as essential to national and economic security.
US aims to be ‘economic partner of choice’ for Indo-Pacific – Raimondo
WASHINGTON - U.S. Commerce Secretary Gina Raimondo is leading a presidential trade and investment mission to the Philippines starting Monday as the United States...
Debt service bill hits P1.6T in 2023
THE NATIONAL Government’s (NG) debt service bill jumped to P1.604 trillion in 2023, exceeding its program for the year by 3%, the Bureau of...
Lessen import dependence, unnecessary spending to curb inflation — analysts
THE GOVERNMENT of President Ferdinand R. Marcos, Jr. should cut unnecessary spending and boost law enforcement against anomalous activities in the agriculture sector to cool inflation, analysts said at the weekend.
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.