Marcos says inflation is still Philippines’ ‘greatest problem’

PHILIPPINE PRESIDENT Ferdinand R. Marcos, Jr. on Wednesday said inflation remains a major concern for his government. “It remains unfortunately our greatest problem that is...

World Bank says global growth stabilizing but below pre-COVID levels

WASHINGTON — The World Bank on Tuesday said the US economy’s stronger-than-expected performance has prompted it to lift its 2024 global growth outlook slightly...

April trade gap widest in 5 months

THE PHILIPPINES’ trade deficit narrowed year on year in April but posted the widest level in five months, as exports and imports posted double-digit growth, the statistics agency said on Tuesday.

PHL has room to raise taxes — IMF

THE PHILIPPINES’ fiscal consolidation plan may be too “ambitious,” the International Monetary Fund (IMF) said, noting that the government still has room to raise taxes to generate much-needed revenues.

Banking industry outlook is ‘improving,’ says Fitch

THE PHILIPPINE BANKING industry’s revenue prospects are seen to further improve this year amid strong lending growth and an expected delay in policy easing,...

New vehicle sales rise by 5.5% in May

PHILIPPINE AUTOMOTIVE SALES rose by an annual 5.5% in May, amid “good consumer demand,” according to an industry group.

BSP wants inflation firmly settled near target midpoint, governor says

MANILA - The Philippine central bank wants inflation firmly settled near the middle of its 2.0%-4.0% target range, its governor said on Tuesday. "We are...

IMF cuts Philippine growth outlook

THE INTERNATIONAL Monetary Fund (IMF) trimmed the Philippines’ growth outlook for this year, after a slower-than-expected first-quarter expansion. 

FDI inflows up 23% in March

By Luisa Maria Jacinta C. Jocson, Reporter THE PHILIPPINES’ foreign direct investment (FDI) net inflows jumped by 23% year on year to $686 million in...

Balisacan defends decision to cut tariffs on imported rice

NATIONAL ECONOMIC and Development Authority (NEDA) Secretary Arsenio M. Balisacan on Monday defended the government’s decision to slash tariffs on rice until 2028, saying...

PHL eyes ODA from France to fund projects

THE PHILIPPINES and France have signed a government-to-government agreement to secure funding for the former’s priority projects, the Finance department said. In a statement on...

Dollar reserves rise to over 2-year high

By Luisa Maria Jacinta C. Jocson, Reporter THE PHILIPPINES saw its dollar reserves soar to its highest level in over two years, preliminary data...