October inflation fastest in 3 months
THE OVERALL year-on-year increase in prices of widely used goods rose to its fastest pace in three months in October, the government reported on Thursday.
Philippines posts $3.3 billion trade deficit in May
MANILA - The Philippines posted a trade deficit of $3.29 billion for May, preliminary official data showed on Friday.
Imports in May fell 4.4% to...
Extending lockdown beyond April could be ‘difficult’ — Pernia
EXTENDING the enhanced community quarantine (ECQ) beyond April 30 would be “difficult,” according to Socioeconomic Planning Secretary Ernesto M. Pernia, who is backing a gradual lifting of the Luzon-wide lockdown which would allow malls and public transportation to resume partial operations.
DBCC trims growth target for 2023
ECONOMIC MANAGERS trimmed the Philippines’ gross domestic product (GDP) growth target for 2023, citing the anticipated global economic slowdown.
FDI inflows up for 4th straight month
FOREIGN INVESTMENTS to the Philippines grew for a fourth straight month in August due to renewed investor confidence despite the coronavirus disease 2019 (COVID-19) pandemic, the central bank said.
MPIC, Manila Water, ABS-CBN reel from Duterte’s rant
PRESIDENT Rodrigo R. Duterte’s threat against Metro Manila’s water concessionaires sent shares of their owners stumbling at the stock market on Wednesday, along with those of the biggest local entertainment network that was also at the receiving end of the Philippine leader’s ire a day earlier.
Women, young people in PHL most affected by job cuts during pandemic,...
YOUTH AND WOMEN in the Philippines lost jobs in greater numbers during the height of the coronavirus pandemic last year, with young people accounting...
Trump shows allies not shielded from ‘America First’ trade moves
HONG KONG -- A long-standing security alliance is not enough to protect countries from US President Donald Trump’s first big protectionist move.
The Trump administration’s...
Veto sought for part of sin tax bill
FINANCE SECRETARY Carlos G. Dominguez III has asked the President to veto a provision in the sin tax bill passed by Congress that states the government cannot conduct a raid without a court order, saying this is currently allowed by law.
Asian factories shake off lockdown blues, now face supply headaches
TOKYO — Asia’s factory activity stepped up a gear in October as emerging economies saw coronavirus disease 2019 (COVID-19) infections subside, but rising input costs, material shortages and slowing Chinese growth cloud the outlook, business surveys showed on Monday.
Economy may shrink by as much as 1.9% — Nomura
THE Philippine economy may contract by as much as 1.9% this year if the Luzon-wide lockdown is expanded nationwide and lasts until May, according to a report by Nomura Global Research.
Hot money yields $2.1-B net inflow in 2024 — BSP
MORE SHORT-TERM foreign investments entered the Philippines in 2024, data from the Bangko Sentral ng Pilipinas (BSP) showed.
Foreign portfolio investments registered with the...