Financial resources reach nearly P30 trillion as of end-Oct.
THE TOTAL RESOURCES of the Philippines’ financial system hit close to P30 trillion as of end-October, preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed.
Q3 GDP expected to ride spending lift
OVERALL economic growth this quarter can be expected to bear a boost from bigger spending -- especially by the government -- when official data are reported on Nov. 7, a senior Finance official and private sector economists said earlier this week.
Philippine annual inflation at 2.9% in January
MANILA - Philippine annual inflation was 2.9% in January, matching the previous month's rate, the statistics agency said on Wednesday.
The increase in the consumer...
BSP seeks to curb forex speculation
THE BANGKO SENTRAL ng Pilipinas (BSP) will only intervene in the foreign exchange (forex) market to “control the speculation,” its top official said.
PCCI issues job, investment wish list
PRESIDENT Ferdinand R. Marcos, Jr. should identify barriers to business operations, develop an infrastructure master plan, enact a comprehensive investment bill and digitize local government services to generate more investments and jobs, according to the Philippine Chamber of Commerce and Industry (PCCI).
Emerging markets debt is so hot, some investors just can’t get enough
NEW YORK -- In their hunt for yield, some investors have been venturing into offerings as exotic as Tajikistan’s sovereign bond or Iraq’s first...
Fintech firms may face more regulation, taxes
GOVERNMENT AGENCIES plan to tighten taxation and regulation of financial technology (fintech) companies as their business activities surge amid the pandemic, the Department of Finance (DoF) said.
Manila Water flags rate impact of SC ruling
MANILA WATER Company, Inc. warned of an “exponential” water rate increase by as much as P26.70 per cubic meter (cu.m.) if the Supreme Court does not reverse its decision to fine the Ayala-led company for its supposed failure to comply with the Clean Water Act (CWA).
Malacañang warns against irregular fund allotments
PRESIDENT Rodrigo R. Duterte will veto any funds in the proposed P4.1-trillion 2020 national budget that will be proven to have been allocated in an irregular manner, Malacañang said on Tuesday, adding that the President will “scrutinize” the budget as soon as it reaches his table.
Manufacturing PMI expands in June
PHILIPPINE factory activity in June expanded at its fastest pace in two months as production rebounded and new orders rose, S&P Global said.
The...
Traditions compete with science for vaccine hesitancy among indigenous people in PHL
MARCELINO S. TENA, a tribe leader of the Dumagat community in Quezon province south of Manila, the Philippine capital, is wary of vaccines.
Gov’t to raise P250 billion from local mart in Sept.
THE GOVERNMENT is looking to raise P250 billion from the local market in September, 25% higher than the P200-billion program this month, as it seeks to take advantage of low rates and market liquidity, the Treasury said.