FDI net inflows slump to 3-month low
NET INFLOWS of foreign direct investments (FDI) fell to a three-month low in March, with first-quarter inflows also dropping by more than 40% year...
Philippine IT-BPM industry expected to outpace global growth
THE GROWTH of the Philippine information technology and business process management (IT-BPM) industry this year is expected to outpace the global average in terms of job generation and export revenues, an industry group said.
SEC chief wants GOCCs to list on stock market
FRANCISCO ED. LIM, the new chairperson of the Securities and Exchange Commission (SEC), is hoping to encourage Philippine government-owned and -controlled corporations (GOCC) to list on the stock exchange to spur investor activity.
Tourism projected to contribute P5.9T to Philippine GDP
By Justine Irish D. Tabile, Reporter
THE TRAVEL and tourism sector is expected to contribute P5.9 trillion to the Philippine economy this year, according to...
NPL ratio hits 5-month high in April
THE PHILIPPINE banking system’s nonperforming loan (NPL) ratio hit a five-month high in April, preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed.
Exploratory talks on FTA with Canada to conclude this year, says DTI
By Justine Irish D. Tabile, Reporter
THE Philippines and Canada are aiming to conclude the exploratory talks for a free trade agreement (FTA) within the...
Philippine cinemas stuck in a rut after pandemic
KAREN LUSTAÑAS, 30, tries to watch a movie in the Philippine capital at least once a month, if the budget allows it.
“I try to...
TC slaps anti-dumping duties on Thai gypsum boards
THE TARIFF Commission (TC) has ordered the imposition of anti-dumping duties on standard gypsum board imports from Thailand for five years due to its...
NG debt service bill soars in April
THE NATIONAL Government’s (NG) debt service bill sharply increased year on year in April as amortization payments more than doubled, the Bureau of the...
Below-target inflation supports case for another rate cut, analysts say
THE BANGKO SENTRAL ng Pilipinas (BSP) will be able to further reduce interest rates amid below-target inflation and weak economic growth, analysts said.
“With...
Assets of Philippines’ largest banks expand by 9.5% in 1st quarter
THE COMBINED ASSETS of the Philippines’ largest banks grew by nearly 10% in the first quarter compared with a year earlier, driven by lower interest rates.
Inflation eases to over 5-year low
By Luisa Maria Jacinta C. Jocson, Senior Reporter
HEADLINE INFLATION eased to an over five-year low in May, as utility costs rose at a slower...