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...
Maybank lowers PHL GDP forecast for 2023
THE PHILIPPINE economy may grow slower than initially expected in 2023, according to Maybank Investment Banking Group.
In a report, Maybank lowered its Philippine gross...
Investors search for safe havens as Omicron takes hold in Asia
THE THREAT of the Omicron variant is becoming real for many of Asia’s biggest countries just as it looks set to subside in some Western nations, and that’s complicating investors’ search for winning share bets in the region.
Year-to-date remittances grow despite Aug. decline
CASH remittances slipped in August from a year ago due to lower inflows from the Middle East, the central bank said on Monday, which could signal softer household spending in the third quarter.
Coronavirus forces agencies to ease bureaucratic red tape
WHEN a coronavirus lockdown barred Tina Cuyugan, 60, from making the trip to a small town in the Bicol Region to pay property taxes, she reached out to the municipal office in December to find out how she could pay.
PHL likely to miss out on RCEP opportunities as ratification deferred
THE PHILIPPINES is likely to lose investment opportunities to other Southeast Asian countries if it continues to delay the ratification of the Regional Comprehensive Economic Partnership (RCEP), Trade Secretary Ramon M. Lopez said on Thursday.
Benigno Aquino, graft-busting Philippine president, dies at 61
BENIGNO S.C. AQUINO III, the Philippine president who tried to send corrupt officials to jail and took China to court for its island-building activities in the South China Sea, has died. He was 61.
BSP has room to ease before Fed
THE BANGKO Sentral ng Pilipinas (BSP) still has room to cut rates before the US Federal Reserve, analysts said, but warned of such a move’s impact on the peso.
PHL seen to benefit from slump in oil prices
THE Philippines as a net oil importer would be a “big beneficiary” of the continued slump in global oil prices, although lower prices and plunging demand would likely translate into lower tax collections for the government.
Watchdog gears for dawn raids in fight vs cartels
A CARTEL, by nature, is clandestine. It’s a secret agreement between companies to cut competition by fixing prices.
PHL draws line in sand for peso as currencies reel
THE Philippines is defining the limit of its tolerance for peso weakness, as Asian central banks grapple with the mighty US dollar.
PHL airlines seek gov’t help to survive virus
LOCAL AIRLINES are appealing for government help, as the “catastrophic impact” of the coronavirus disease 2019 (COVID-19) pandemic threatens their survival.