European lawmakers want to revoke Philippine trade perks over rights abuses
By Arjay L. Balinbin, Senior Reporter and Jenina P. Ibañez, Reporter
The European Parliament on Thursday voted to revoke tariff perks enjoyed by Philippine products...
Q2 current account swings to surplus
By Beatrice M. Laforga, Reporter
The country’s current account swung to a $4.4-billion surplus last quarter from a year earlier after the trade in goods...
BSP fully awards P20-B bills at maiden auction
By Kathryn Kristina T. Jose
The Bangko Sentral ng Pilipinas (BSP) fully awarded P20 billion worth of short-term debt instruments at a maiden auction on...
Philippines external debt rises as of June
The country’s outstanding foreign debt rose by 7.4% as of June from the previous quarter after the government borrowed to beef up its war...
Revenue index slumps to record low
A COMPOSITE INDEX measuring sales generated by Philippine companies across all industries posted its biggest decline on record in the second quarter, as most...
Manila falls to near bottom of global ‘smart cities’ list
By Arjay L. Balinbin, Senior Reporter
THE Philippine capital slipped 10 spots in the Global Smart City Index released on Thursday by the Switzerland-based Institute...
Top tycoons’ fortunes dive as economy tanks
THE country’s richest are also feeling the pinch from the coronavirus disease 2019 (COVID-19) pandemic and the economic slowdown, as Forbes reported the collective...
PHL human capital index score slightly worsens
CHILDREN born in the Philippines today will “fail to achieve almost half their potential” productivity as future workers, according to a World Bank report.
Infrastructure spending falls in July
STATE SPENDING on infrastructure declined once again in July, due to the slow resumption of construction work and bad weather in some areas, the Department of Budget and Management (DBM) said.
Pandemic leaves local shipbuilders high and dry
THE PHILIPPINE shipbuilding industry is feeling the pain as new orders have dried up amid the recession.
Gov’t may reduce borrowings once tax collections improve
GOVERNMENT BORROWINGS may be less than initially estimated this year, after the main revenue-generating agencies beat their lowered targets two months in a row, Finance Secretary Carlos G. Dominguez III said.
June FDI inflows highest in 3 months
NET INFLOWS of foreign direct investments (FDI) to the Philippines rose for a second straight month in June as lockdown restrictions eased in the Philippine capital, but it was not enough to reverse the slump during the first half.