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A PRIORITY measure aimed at further opening up the retail sector to foreign companies hurdled the Senate Committee on Trade, Commerce and Entrepreneurship on Monday, although a local retailers’ group warned this may further hurt micro, small and medium enterprises (MSME) still reeling from the pandemic.

THE Philippine economy’s recovery will only likely pick up by the second quarter of 2021 due to delays to its fiscal stimulus and lapses in controlling the pandemic, according to an analyst.

PHILIPPINE airlines are unlikely to bounce back to their pre-pandemic passenger volume in 2021, Fitch Ratings said, as the continued spread of the coronavirus disease 2019 (COVID-19) in the Philippines remains a “high risk.”

THE Senate Committee on Banks and Financial Intermediaries on Monday approved the measure that will allow financial institutions to offload bad loans to asset management companies.

THE Bangko Sentral ng Pilipinas (BSP) is widely expected to leave benchmark interest rates untouched on Thursday, as it reserves its measures in case economic recovery lags, analysts said.

STOCK BROKERS welcomed the efforts of the Philippine Stock Exchange, Inc. (PSE) to ease listing rules to allow more companies to raise capital through the bourse, but warned of potential risks from relaxing some safeguards.

THE passage of any new tax measures in the Duterte administration’s last year in office is unlikely, according to key lawmakers, even as the Finance chief said new sources of revenues are needed to pay off the debt incurred during the pandemic.

STATE BORROWINGS ballooned to nearly P2.5 trillion in the first eight months of the year, following the National Government’s (NG) jumbo retail Treasury bond (RTB) sale in August.

The Philippines reported a balance of payments (BOP) surplus for the seventh month in a row in August, mainly due to the government's foreign...

By Michelle Anne P. Soliman THE COUNTRY's external merchandise exports and imports fell by a quarter in the first half of 2020, revised trade data...

Home prices surged by a record 27% in the second quarter, driven by strong demand for high-end residential projects and an uptick in costs...

By Luz Wendy T. Noble, Reporter Short-term foreign portfolio investments continued to flee the Philippine financial system for the sixth consecutive month in August, although...