Budget delay may weaken credit rating
A DELAY in the passage of the 2021 national budget will not just weigh on the Philippine economy’s recovery from the pandemic, but also affect its credit profile, according to Moody’s Investors Service.
Containing the virus is key to Philippines’ recovery — IIF
By Beatrice M. Laforga, Reporter
THE Philippine economy has to effectively contain the coronavirus disease 2019 (COVID-19) pandemic and implement more stimulus measures before it...
Government debt service payments rise in August
THE National Government’s total debt payments surged in August due to higher amortization of local debt, the Bureau of the Treasury (BTr) reported.
Sustained surge in property prices may raise risks for banks
A SUSTAINED surge in property prices could create rising risks for the banking system, an analyst from Fitch Ratings said.
IMF meets with global economy in historic recession
The guardians of the global economy will gather this week under the cloud of the worst recession since the Great Depression, and a recovery dependent on scientists finding a coronavirus vaccine.
August trade gap widest in 5 months
The country’s external trade deficit grew to its widest level in five months in August as the annual decline in imports once again outpaced...
Meralco rates rise in October
Power rates in Metro Manila will rise for the first time in five months, with typical households likely seeing a P24 hike, Manila Electric...
BSP liquidity support for PHL hits P1.9 trillion
The central bank’s moves to support the economy amid the pandemic has led to a liquidity infusion of P1.9 trillion into the financial system.
“The...
BSP reviews proposed LGU loans worth P25B
The central bank reviewed P25.1 billion worth of proposed loans by local government units (LGUs) in the first six months of 2020, most of...
Budget delay seen to hurt recovery
A DELAY in the passage of the 2021 national budget will likely hobble the Philippine economy’s recovery, as a reenacted budget will prevent the release of much-needed funds for the pandemic response and infrastructure projects, economists said.
PSE plans new financial products for 2021
THE Philippine Stock Exchange, Inc. (PSE) is eyeing to launch new financial products next year to lure foreign investors back to the local bourse.
Disasters, failure of governance are top risks to business
NATURAL CATASTROPHES and failure of national governance dominate the concerns for business executives in the Philippines this year, according to the World Economic Forum’s (WEF) “Regional Risks for Doing Business 2020” report.