PHL may struggle to bring debt ratio below 60%
THE PHILIPPINES might struggle to bring its debt-to-gross domestic product (GDP) ratio back to the internationally accepted threshold of 60% as global uncertainties and slower growth weigh on fiscal recovery, analysts warned.
Philippines plans to negotiate with US to lower tariffs, envoy to Washington says
MANILA - The Philippines is planning to negotiate with Washington to lower tariffs after the United States moved to impose higher 20% duties on...
Trump raises tariff rate on Philippines to 20%
WASHINGTON/BRUSSELS - US President Donald Trump issued final tariff notices to seven minor trading partners on Wednesday as his administration inched closer to a...
Rice tariff stays at 15% till November
THE 15% TARIFF on imported rice will remain unchanged at least until November, according to the Department of Economy, Planning, and Development (DEPDev), as...
Income-price gap keeps Filipino families from owning homes — ULI
HOME OWNERSHIP in the Philippines remains out of reach for many households due to the wide gap between residential property prices and income, particularly in urban areas like Metro Manila and Davao, according to the Urban Land Institute (ULI).
NCR wage hike unlikely to stoke prices
THE P50 daily minimum wage hike for Metro Manila workers that will take effect on July 18 is unlikely to fuel inflation, according to...
S&P sees 11-13% loan growth in next 2 years
S&P GLOBAL RATINGS expects Philippine bank lending to grow by 11% to 13% in the next two years, supported by the country’s resilience to...
Jobless rate drops to 3.9% in May
By Adrian H. Halili, Reporter
THE PHILIPPINES’ unemployment rate went down to 3.9% in May from 4.1% in April, with the number of individuals in...
Dollar reserves inch up to $105.32 billion in June
By Aubrey Rose A. Inosante, Reporter
THE PHILIPPINES’ dollar reserves inched up to $105.32 billion as of end-June on the back of the National Government’s...
PHL manufacturing output growth hits 10-month high in May
MANUFACTURING OUTPUT increased for a second straight month in May at its fastest pace in 10 months, driven by food products, the Philippine Statistics...
Bank lending expansion picks up to 11.3% — BSP
BANK LENDING growth picked up anew in May, driven by loans to businesses and consumers, the Bangko Sentral ng Pilipinas (BSP) said.
Preliminary BSP data...
Marcos open to online gaming tax
PHILIPPINE PRESIDENT Ferdinand R. Marcos, Jr. is open to taxing online gaming activities as well as proposals seeking to limit digital gambling to help curb the harms brought about by addiction, the Palace said on Monday.