PHL scores higher on ranking of data coverage
THE PHILIPPINES scored higher in the Open Data Inventory (ODIN) assessment of nonprofit organization Open Data Watch, which tracks coverage and openness of official country statistics.
Bicameral panel approves FIST bill
THE MEASURE allowing financial institutions to offload bad loans to asset management companies had hurdled the Bicameral Conference Committee, a key legislator said.
CREATE to cost P250B in foregone revenues
THE CORPORATE Recovery and Tax Incentives for Enterprises Act (CREATE), once enacted into law, will cost the government as much as P250 billion in foregone revenues in the next two years, after the corporate income tax cut was accelerated for local small businesses.
San Miguel tops list of PHL corporations by revenue
A PRELIMINARY RANKING of the Philippines’ Top 200 corporations showed an aggregate gross revenue of P11.25 trillion in 2019 on a consolidated basis, with conglomerate San Miguel Corp. (SMC) topping the list.
Ban on sale, issuance of bearer shares proposed
THE SECURITIES and Exchange Commission (SEC) is drafting new rules that aim to increase the transparency of beneficial ownership of corporations, in a bid to prevent them from being used as vehicles for money laundering and terrorist financing.
Inflation picks up in November, fastest in 21 months
The overall year-on-year increase in prices of widely used goods accelerated to its fastest pace in 21 months in November, the Philippine Statistics Authority...
Factory slump continues for 8th straight month as output falls in October
By Marissa Mae M. Ramos, Researcher
The country’s manufacturing product contracted for the eighth straight month in October, the Philippine Statistics Authority (PSA) reported on...
Outstanding debt hits P10 trillion in October
The outstanding debt of the national government (NG) reached P10 trillion as of end-October, as it borrowed more to fund the country’s pandemic response.
The...
DBCC sees deeper economic slump
ECONOMIC MANAGERS once again slashed macroeconomic growth targets for this year as coronavirus-related quarantine restrictions continue to be implemented in parts of the country, but remained hopeful the economy will see a strong recovery starting in 2021.
Unemployment rate eases in Oct. as economy reopens
THE country’s unemployment rate further eased in October from record levels in April, as the economy continued to gradually reopen, the Philippine Statistics Authority (PSA) reported on Thursday.
PHL raises $2.75B in global bonds
THE Philippines raised $2.75 billion (P132 billion) from its second dollar-denominated bond sale this year as it seeks to boost state coffers amid the economic slowdown.
Export industry roadmap under review
THE Trade department is reviewing its long-term export targets after the pandemic-induced global downturn stymied the sector’s growth.