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.
PHL launches US dollar bond issue
THE PHILIPPINE government on Wednesday launched another dollar bond offering aimed to raise funds to cushion the impact of the coronavirus pandemic on the economy.
Filipino students falling behind in reading, writing levels in Southeast Asia
FIFTH GRADE STUDENTS in the Philippines are falling behind their counterparts in some Southeast Asian countries in reading, writing and mathematics, with a significant percentage of students still performing at levels expected in early years of primary education, a regional study showed.
Water bills to go down in first quarter of 2021
CUSTOMERS of the two water concessionaires in Metro Manila will experience lower monthly bills for the first quarter of 2021, according to the regulatory office of the Metropolitan Waterworks and Sewerage System (MWSS).
Foreign firms eye $50-B FDI over 10 years
THE JOINT Foreign Chambers of the Philippines is targeting to generate $50 billion in foreign direct investments (FDI) and three million new jobs in the next decade.