PHL unlikely to reach the upper end of 2025 target
THE PHILIPPINES may have difficulty achieving the upper end of the government’s 6-8% gross domestic product (GDP) growth target amid heightened global uncertainties this year.
Duterte wants reforms sustained under new BSP chief — spokesman
PRESIDENT Rodrigo R. Duterte has yet to consider candidates to succeed the late Bangko Sentral ng Pilipinas (BSP) Governor Nestor A. Espenilla, Jr. who died of tongue cancer just last Saturday, his spokesman told reporters on Tuesday, but Malacañang expects to see some basic qualities as well as reforms sustained.
PAGASA declares onset of El Niño
THE PHILIPPINE state weather bureau on Tuesday declared the onset of El Niño which is expected to bring dry spells, droughts and stronger typhoons.
Asian central banks need broader FX defense as reserves slide
DECLINING foreign exchange (FX) reserves mean Asian central banks will probably start looking for alternative ways to support their currencies, according to Nomura Holdings, Inc.
Sales of imported vehicles decline by 15% in February
SALES of imported cars in the Philippines declined by 15% in February, as passenger car sales continued to slump since the pre-lockdown period.
DoF seeks to improve carriers’ tax
THE GOVERNMENT is reviewing the common carriers tax imposed on international air and sea cargo vessels in hopes of ensuring a level playing field and improving the country’s competitiveness in the sector, the Department of Finance (DoF) said in a statement on Monday.
Investment pledges fall to 13-year low
FOREIGN INVESTMENT pledges fell to their lowest in more than a decade in the first quarter, as sentiment was affected by another virus surge...
Securities sector faces ‘medium’ risk for money laundering, says SEC
THE Securities and Exchange Commission (SEC) found that the securities sector faced a “medium” risk for money laundering (ML) and terrorist financing (TF), after conducting an overall risk assessment.
PHL faces challenges in securing ‘A’ credit rating
THE PHILIPPINES is still determined to secure an “A” sovereign credit rating before the end of the Marcos administration, although Finance Secretary Benjamin E....
Government in final stages of preparation for panda bond sale
THE GOVERNMENT plans to be ready for the sale of yuan-denominated bonds by November, said a senior official of the Treasury bureau which is...
Foreign direct investments climb in February
FOREIGN DIRECT investments (FDI) climbed in February on investor optimism over the country’s growth prospects and fundamentals, the Bangko Sentral ng Pilipinas (BSP) reported on Friday.
Departments, agencies consolidate rules governing foreign workers
FIVE DEPARTMENTS and four agencies have moved “to harmonize the regulations and policy guidelines governing the issuance of... documents to foreign nationals intending to work in the Philippines” that are currently provided under various laws.
