Tourism body gets 10 more years to offer perks
CONGRESS has ratified a measure extending the power of the Tourism Infrastructure and Enterprise Zone Authority (TIEZA) to grant incentives to tourism enterprises for another 10 years.
Dark clouds hang over IMF-WB spring meetings
WASHINGTON — Global finance officials and central bankers gathered here on Monday for the start of the spring meetings of the World Bank (WB) and International Monetary Fund (IMF) amid a worsening economic outlook, geopolitical tensions and elevated inflation.
PCCI, MBC concerned over legislated wage hike
THE Philippine Chamber of Commerce and Industry (PCCI) and Makati Business Club (MBC) on Thursday expressed concern over a legislated wage hike, saying this...
Customs exceeds collection target for 9th straight month
THE BUREAU of Customs (BoC) said on Wednesday that it exceeded its target for a ninth straight month in September, amid improved collection and higher duties on oil.
Remittance drop seen to dent GDP by 0.4%
A POSSIBLE contraction in remittance inflows from overseas Filipino workers (OFWs) due to the pandemic this year could further bring down gross domestic product (GDP) by 0.4%, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said on Thursday.
FDI inflows fall 20% in November
NET INFLOWS of foreign direct investment (FDI) into the Philippines slumped in November, preliminary data from the central bank showed.
FDI net inflows fell...
Creating concrete solutions
The Entrepreneur Of The Year Philippines 2017 has concluded its search for the country’s most inspiring entrepreneurs. Entrepreneur Of The Year Philippines is a...
Banks’ November NPL ratio lowest in 8 months — BSP data
PHILIPPINE BANKS’ asset quality improved for a third month in a row in November as the industry’s gross nonperforming loan (NPL) ratio fell to its lowest since March 2021.
Philippine annual inflation slows to 1.4% in April, lowest in more than 5 years
MANILA - Philippine annual inflation was 1.4% in April, the statistics agency said on Tuesday, below the previous month's 1.8% rate and the lowest...
BSP sees significantly lower inflation in May
HEADLINE INFLATION in May will be significantly lower than 6.6% in April, putting it on track to return within the 2-4% target by September...
Lenders expect tighter lending standards in fourth quarter
MOST BANKS remained strict in their loan standards during the third quarter, with many expected to further tighten lending criteria in the fourth quarter as the pandemic drags on, according to a survey by the Bangko Sentral ng Pilipinas (BSP).
Philippine rating downgrade ‘unlikely’
THE PHILIPPINES is unlikely to see any credit rating downgrades this year and in 2023, as the economy is expected to grow faster despite headwinds.