Finance dep’t studying feasibility of carbon tax
THE FINANCE department is still looking into the feasibility of implementing a carbon tax in the country.
Nat’l Government gross borrowings drop in 2022
GROSS BORROWINGS by the National Government declined 16% to P2.16 trillion in 2022, the Bureau of the Treasury (BTr) said.
Data from the BTr...
Japan credit watcher affirms PHL credit rating
The Japan Credit Rating Agency (JCR) has maintained the Philippines’ credit rating at ‘A-‘ with a “stable” outlook due to the country’s strong growth...
FDI inflows drop 23% to $9.2 billion
Net inflows of foreign direct investments (FDI) dropped 23.2% to $9.2 billion in 2022 from $12 billion seen in 2021.
“Notwithstanding the country’s sustained growth...
Jobless rate hits 4-month high in Jan.
By John Victor D. Ordoñez, Reporter
THE UNEMPLOYMENT RATE rose to a four-month high of 4.8% in January amid the loss of temporary holiday jobs,...
NEDA Board approves P9-T worth of projects
THE NATIONAL Economic and Development Authority (NEDA) Board, chaired by President Ferdinand R. Marcos, Jr., on Thursday approved 194 flagship infrastructure projects worth P9 trillion, as well as the amendments to joint venture (JV) guidelines.
Philippines unlikely to expand trade away from ‘factory of the world’
MARIA LOUELLA MARQUEZ, 57, enjoys shopping for everything made in China.
Factory output up for 8th month in a row in January
FACTORY OUTPUT rose for the eighth straight month in January as the economy further reopened, the Philippine Statistics Authority (PSA) reported on Thursday.
Forex reserves slip to $99.3B at end-Feb.
THE PHILIPPINES’ dollar reserves fell to $99.3 billion at end-February, as the government settled foreign currency debt obligations, the central bank said late on...
Banks’ NPL ratio inches up to 3.28% in January
SOURED LOANS held by banks increased for the first time in 10 months in January amid elevated inflation and rising interest rates, which brought the industry’s gross nonperforming loan (NPL) ratio to a two-month high.
Meralco to implement staggered hike in generation charges
THE ENERGY Regulatory Commission (ERC) has approved the proposal of Manila Electric Co. (Meralco) to stagger the collection of an estimated P1.1 billion in...
House approves rightsizing bill on 2nd reading
THE HOUSE of Representatives on Wednesday approved on second reading a bill seeking to rightsize the bureaucracy to improve the delivery of government services.
Lawmakers...