Philippines’ goal to become a trillion-dollar economy ‘feasible’ but ‘not easy’
SUSTAINED ECONOMIC GROWTH over the next few years and targeted investments could help the Philippines reach its “ambitious” goal to become a trillion-dollar economy despite domestic and external challenges.
Current account deficit seen to widen
THE PHILIPPINES’ current account deficit (CAD) is seen to widen further, which could put pressure on the currency, ANZ Research said.
Small Philippine firms fail to scale in absence of capital
EVA P. GOZON, 36, withdrew her life insurance fund and combined it with her bonus from her job as an outsourcing agent to fund her fried siopao business in Pasay City near the Philippine capital.
PHL still eyes re-inclusion in JPMorgan bond index
THE PHILIPPINES may find it difficult to reenter JPMorgan Chase & Co.’s widely tracked emerging market bond index (EMBI) by next year if investor...
PHL seeks to attract investments from ASEAN pension funds
THE PHILIPPINES is eyeing to secure investments from other pension funds in Southeast Asia, which has around $1.3 trillion in collective assets, the top...
Infrastructure spending jumps 17%
STATE SPENDING on infrastructure went up by 16.9% in September fueled by disbursements for finished transport projects, the Department of Budget and Management (DBM)...
Military pension reform ‘not dead’ — DBM chief
THE GOVERNMENT is now crafting an improved version of the bill seeking to reform the pension system for military and uniformed personnel (MUP), Department of Budget and Management (DBM) Secretary Amenah F. Pangandaman said.
Vehicle sales may top 500,000 next year as interest rates go down
AUTOMOTIVE SALES may hit 500,000 units next year as lower interest rates and upcoming elections spur economic activity, according to the Federation of Automotive Industries of the Philippines, Inc.
Credit raters warn of possible spillovers of Trump policies on PHL
CREDIT RATING AGENCIES are warning of the potential spillovers of US President-elect Donald J. Trump’s economic policies on the Philippines, which could hurt growth and potentially its credit rating outlook.
Peso falls to P59 vs dollar
THE PHILIPPINE PESO on Thursday hit a record-low P59-a-dollar level for the first time in more than two years as the dollar continued its...
BSP monitoring lenders behaving like digital banks
SOME LENDERS behaving like online banks might be required to obtain digital banking licenses to curb arbitrage and improve oversight, the Bangko Sentral ng...
PHL breaks ground on world’s largest solar and battery storage facility
THE PHILIPPINES on Thursday signaled the start of construction of a P200-billion solar and battery storage project that is expected to supply power to...