FDI inflows slide 8% in September
FOREIGN DIRECT INVESTMENT (FDI) net inflows dropped by 8% in September, amid monetary tightening and a looming global economic slowdown.
Banks’ NPL ratio falls to 26-month low in Oct.
THE PHILIPPINE BANKING industry’s bad loans fell for the eighth straight month in October, bringing the nonperforming loan (NPL) ratio to its lowest in 26 months, data from the Bangko Sentral ng Pilipinas (BSP) showed.
Foreign chambers urge Senate action on Open Access bill
THE JOINT Foreign Chambers (JFC) called for Senate action on the proposed Open Access in Data Transmission Act, which is aimed at improving internet service in the country.
Challengers sought for SMC’s Nasugbu-Bauan project
THE BATANGAS GOVERNMENT is looking for challengers for San Miguel Holdings Corp.’s proposal to build a 60.90-kilometer toll road from Nasugbu to Bauan.
BSP may hike rates by 50 bps — poll
THE PHILIPPINE central bank is widely expected to raise benchmark interest rates by 50 basis points (bps) at its meeting on Thursday, as the US Federal Reserve is also likely to tighten policy this week.
Infrastructure spending rises 39% in September
INFRASTRUCTURE SPENDING rose by 39.3% in September as the government completed more projects, the Department of Budget and Management (DBM) said.
Contributing to sovereign wealth fund could undermine BSP’s independence, analysts say
REQUIRING the Bangko Sentral ng Pilipinas (BSP) to contribute its annual dividends to the Maharlika Wealth Fund (MWF) could undermine its integrity, analysts said.
Gov’t debt service bill declines in October
THE NATIONAL Government (NG) saw its debt service bill drop in October as lower amortization payments offset the rise in interest payments.
BSP sees wider BoP deficit this year amid uncertain global outlook
THE BANGKO SENTRAL ng Pilipinas (BSP) sees the country posting a wider balance of payments (BoP) deficit this year as the global outlook remains...
Economic team pushes for approval of Maharlika Wealth Fund
Economic managers said they “strongly support” the creation of the Maharlika Wealth Fund (MWF), after lawmakers agreed to remove a provision in the bill...
GIR drops to $93.95B as of end-Nov.
THE PHILIPPINES’ dollar reserves dipped as of end-November as the National Government paid some of its debt obligations and the Bangko Sentral ng Pilipinas (BSP) continued to defend the peso.
PHL unlikely to fall into a recession, Marcos says
A RECESSION is unlikely in the Philippines, according to President Ferdinand R. Marcos, Jr., citing the improvement in jobs market in October.