Infrastructure spending picks up
GOVERNMENT SPENDING on infrastructure snapped a six-month losing streak in February after the implementation of projects under the second stimulus package gained traction, the Department of Budget and Management (DBM) reported on Monday.
Vaccination key to recovery — Diokno
MASS VACCINATION will be key to the Philippines’ economic recovery, which is seen by 2022, according to Bangko Sentral ng Pilipinas Governor Benjamin E. Diokno.
SEC extends deadline for submission of 2020 annual reports
THE SECURITIES and Exchange Commission (SEC) has extended the deadline for 2020 annual reports by a month.
Severe slump may amplify risks for Philippine banks – IMF
PHILIPPINE banks may experience “systemic solvency distress” if the economic impact of the coronavirus disease 2019 (COVID-19) turns out to be worse than initially expected, the International Monetary Fund (IMF) said.
Inflation seen to remain elevated throughout Q2
DESPITE the slight easing in March, inflation is expected to remain elevated in the second quarter with the lifting of the price caps on some meat products and rising global commodity prices, analysts said.
Gross borrowings plunge in February
THE National Government’s gross borrowings stood at P53.912 billion in February, plunging 89% from P479.23 billion a year ago when the Treasury sold retail Treasury bonds (RTB).
Feb. trade gap widens as imports rise
THE COUNTRY’S trade-in-goods deficit widened in February as imports grew for the first time in 22 months and exports contracted albeit at a slower pace, the government’s statistical agency reported on Thursday.
No ‘drastic’ liquidity moves for now — BSP
THE CENTRAL BANK is not keen on “drastic” liquidity-infusing moves as the impact of the pandemic is better addressed by fiscal measures, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said.
PHL factory output continues 12-month losing streak
THE COUNTRY’S factory output declined for a 12th straight month in February, and posted its steepest fall in five months, the government reported on Thursday.
Philippines’ GDP decline in 2020 steeper than initially reported
THE PHILIPPINE ECONOMY performed worse than previously reported in 2020, as the coronavirus pandemic continues to dampen business activity, the Philippine Statistics Authority (PSA) reported on Thursday.
PHL business sentiment improves, but ECQ may dampen outlook
PHILIPPINE FIRMS are more optimistic for the rest of the year, a central bank survey showed, but the surge in coronavirus infections and the reimposition of a strict lockdown in the capital region threatens to dampen sentiment.
Duterte signs EO lowering tariffs on pork imports for one year
by Kyle Aristophere T. Atienza, Reporter
Philippine President Rodrigo R. Duterte on Wednesday signed an executive order (EO) temporarily lowering tariffs on imported pork meat for one year, in order...