Analysts warn proposed fuel tax suspension may have serious consequences
THE PROPOSAL to suspend fuel taxes could help tame inflation and provide relief for vulnerable sectors, analysts said, but also warned of its consequences.
Philippines sells $611 million in RDBs
THE PHILIPPINE government on Wednesday raised $611.2 million (P34.8 billion) at an auction of its second onshore retail dollar bonds (RDBs).
Tenders at the rate-setting...
Boards approve minimum wage hikes in 3 Philippine regions
REGIONAL wage boards on Wednesday approved increases in daily minimum wages in Cagayan Valley, Central Luzon and the SOCCSKSARGEN region, according to the Labor...
House OKs 2024 budget bill
By Beatriz Marie D. Cruz, Reporter
THE Philippine House of Representatives on Wednesday night approved on third and final reading the P5.786-trillion national budget for...
Senate, House ratify PPP bicam report after seesaw
The Senate and House of Representatives on Wednesday ratified the Bicameral Conference Committee report that reconciled disagreeing provisions of a bill that seeks to...
Philippine Q3 growth may hit 5.2%
THE PHILIPPINE ECONOMY would probably expand by as much as 5.2% in the third quarter — still below the government’s target — after posting its slowest growth in more than two years a quarter earlier, according to First Metro Investment Corp. (FMIC) and the University of the Asia and the Pacific (UA&P).
IT-BPM sector on track to hit revenue goal, boost GDP share
By Justine Irish D. Tabile, Reporter
THE PHILIPPINE information technology and business process management (IT-BPM) industry is on track to hit its $35.4-billion (P2-...
House recalls ratification of PPP bicameral report
THE HOUSE of Representatives on Wednesday recalled the ratification of the Bicameral Conference Committee report that reconciled disagreeing provisions of a bill that seeks...
Stablecoin issuers risk disrupting funding markets, JPMorgan says
STABLECOIN issuers vying for assets in the short-term funding space risk disrupting the market after the US Federal Reserve limited access to a key...
BSP chief open to off-cycle increase
BANGKO SENTRAL ng Pilipinas (BSP) Governor Eli M. Remolona, Jr. on Monday said he is open to an off-cycle interest rate increase before the...
Marcos rejects proposal to cut rice tariffs
Philippine President Ferdinand R. Marcos, Jr. has turned down his economic managers' proposal to temporarily cut duties on rice imports amid spiraling prices.
In a...
Mining fiscal regime bill hurdles House
THE HOUSE of Representatives on Tuesday passed on third and final reading a bill that seeks to establish a new fiscal regime for the Philippine mining industry by imposing margin-based royalties and windfall profit tax on large-scale miners.