BusinessWorld In-Depth digital magazines now available on Magzter
BusinessWorld In-Depth, the Philippines' leading business paper's on-demand digital magazine, is now available on Magzter.
The first issue, "Banking in the Time of COVID-19", features...
Fed jacks up interest rates again, hints at smaller increases ahead
WASHINGTON - The Federal Reserve raised interest rates by three-quarters of a percentage point again on Wednesday and said its battle against inflation will...
Further rate hikes may have limited impact on inflation — analysts
FURTHER RATE HIKES by the Bangko Sentral ng Pilipinas (BSP) may have limited impact on inflation and would likely slow economic growth, analysts said.
PHL faces ‘fragile’ recovery — ADB
THE Philippine economy’s recovery is expected to be “fragile,” the Asian Development Bank (ADB) said on Wednesday, as it slashed its growth forecast to 4.5% this year due to uncertainties over the prolonged coronavirus pandemic.
Peso hits one-month low as dollar rises
THE PESO weakened to a more than one-month low against the dollar on Tuesday as the greenback gained strength, supported by a weaker euro...
Philippines among least attractive FDI destinations in APAC
THE PHILIPPINES is one of the least attractive destinations for foreign direct investment (FDI) in the Asia-Pacific as the country continues to have poor infrastructure and business environments, Oxford Economics said.
Central bank flags even faster August inflation
THE OVERALL INCREASE in prices of widely used goods likely clock in around 5.9% in August — marking a fresh multiyear high — the Bangko Sentral ng Pilipinas (BSP) said in a statement on Friday, noting that food and utility costs maintained their ascent.
BSP delivers 2nd straight rate cut
THE BANGKO Sentral ng Pilipinas (BSP) lowered policy rates for a second straight meeting on Thursday and signaled at least one more cut this...
Nearly 800 IT-BPM projects endorsed to BoI
THE BOARD of Investments (BoI) said 786 information technology and business process management (IT-BPM) projects have been endorsed by the Philippine Economic Zone Authority...
Philippines accelerates push to light up rural homes
OVER A MILLION households in the Philippines remain without electricity, a gap the government aims to close within the next three years.
PSEi climbs as BSP signals possible rate cut
PHILIPPINE STOCKS rose on Wednesday, bolstered by bargain-hunting and optimism that the Bangko Sentral ng Pilipinas (BSP) could cut policy rates in December, a move investors hope will support growth amid slowing domestic demand.
Omicron clouds PHL growth outlook — WB
THE PHILIPPINE economy could regain its pre-pandemic output this year, but the emergence of new variants of the coronavirus disease 2019 (COVID-19) could still cloud the outlook, the World Bank said.