PHL gaming market recovery depends on return of Chinese tourists
THE RECOVERY of the Philippine gaming market may be dragged by the slow return of Chinese tourists, analysts said.
Philippines’ Marcos suspends implementation of sovereign wealth fund
MANILA - Philippine President Ferdinand Marcos Jr has suspended the implementation of a controversial sovereign wealth fund that he fought to bring to fruition,...
PHL to lose P60B from illicit tobacco
THE PHILIPPINE government could lose at least P60 billion in revenue this year due to illegal tobacco trade, which has severely undermined gains from...
DHL allots €80M for Philippine expansion
PENANG, Malaysia — DHL Supply Chain is committing €80 million (P4.8 billion) for its Philippine expansion, as it plans to invest €350 million in Southeast Asia in the next five years.
Agencies’ Q3 budget usage rate hits 97%
THE CASH utilization rate of government agencies hit 97% at the end of September, the Department of Budget and Management (DBM) said.
Data from the...
Financial system’s resources jump 7% as of end-August
THE TOTAL RESOURCES of the Philippine financial system further expanded at the end of August, the Bangko Sentral ng Pilipinas (BSP) said.
Preliminary data from...
Remittances climb 2.7% in August
MONEY SENT HOME by overseas Filipino workers (OFWs) increased by 2.7% year on year in August, the fastest pace since May, data from the...
Filipinos’ declining English proficiency alarms foreign business groups
THE PHILIPPINES needs to step up efforts to address the deterioration in English proficiency among Filipino workers, foreign business groups said, warning that this could hurt the country’s competitiveness.
PHL trade outlook dims as global economy slows
A GLOBAL economic slowdown, elevated inflation and high interest rates may continue to dampen Philippine trade in the coming months, Moody’s Analytics said.
“Although exports...
PEZA investment approvals hit P132B
THE PHILIPPINE Economic Zone Authority (PEZA) has approved P131.76 billion worth of investments as of the first week of October, putting the investment promotion...
Contributions to Maharlika fund may threaten state lenders’ financial stability
THE CONTRIBUTIONS of state-run banks to the Maharlika Investment Fund (MIF) may threaten the lenders’ financial stability, analysts said.
Philippines urged to monitor external threats amid blue economy push
THE PHILIPPINE government should keep a close eye on potentially destabilizing external forces as it opens up the shipping industry to full foreign ownership and promotes investments in its ocean-based sectors, analysts said.