Households reliant on remittances may be more vulnerable to shocks
FILIPINO HOUSEHOLDS’ heavy reliance on remittances could leave them more vulnerable during economic shocks, according to a Bangko Sentral ng Pilipinas (BSP) discussion paper, citing the low savings and investments among families.
New Maersk facility a boost to Philippines’ logistics ambitions — Marcos
DENMARK-BASED A.P. Moller-Maersk has opened a $4.8-billion (P280-billion) distribution facility in Calamba City that President Ferdinand R. Marcos, Jr. said would help decongest Manila...
Investors take cover in Asia ahead of US election
HONG KONG/SINGAPORE - Investors are selling yen and taking shelter in cash, India, pockets of China's markets and Singapore dollars ahead of a U.S....
August infrastructure spending declines 11%
INFRASTRUCTURE SPENDING by the National Government declined by an annual 11.1% in August as heavy rains hampered the implementation of public works projects, the...
Supreme Court issues TRO vs PhilHealth fund transfer
THE SUPREME COURT (SC) issued on Tuesday a temporary restraining order (TRO) on the further transfer of excess funds of Philippine Health Insurance Corp. (PhilHealth) to the National Treasury.
PHL motor vehicle production jumps 35% in Aug.
PHILIPPINE MOTOR VEHICLE output jumped by 34.7% in August, logging the second-fastest growth in the region, the ASEAN Automotive Federation (AAF) said.
BSP sees some gaps in digital payment use
THE PHILIPPINES has made progress in promoting digital payments, but there are still many barriers to hurdle before it meets its digitalization goals, the...
IMF: Inflation risks still tilted to upside
THE INTERNATIONAL Monetary Fund (IMF) said that upside risks to the outlook for Philippine headline inflation still persist.
Trump win could pose risk to peso, other Asian currencies — analysts
THE RETURN of Donald J. Trump to the US presidency could cause Asian currencies such as the Philippine peso to weaken, analysts said.
PHL aims to be in top 20% in World Bank’s Business Ready report
THE PHILIPPINES is hoping to be included among the top 20% of the countries assessed by the World Bank for its Business Ready (B-READY) report by 2026, the Anti-Red Tape Authority (ARTA) said.
PHL score drops in Labor Rights Index
THE PHILIPPINES’ score in the global Labor Rights Index worsened this year, largely due to an environment that restricts unions, strikes, and collective bargaining deals.
PHL on final steps to exit ‘gray list’ by 2025
THE PHILIPPINES has made headway in its bid to exit the Financial Action Task Force’s (FATF) “gray list” by next year as it has “substantially completed” its remaining action items.