Ownership caps intact in some sectors
THE proposed new constitution will keep restrictions on foreign ownership of companies, land and public utilities, but ease limits in media and advertising, according to a draft of the charter released on Monday.
ANZ sees marginal export recovery in May, not enough to bridge trade gap
OUTBOUND SALES of Philippine goods likely recovered in May but were not enough to stop the trade gap from growing further, analysts at ANZ Research said.
World Bank CEO adds to voices of worry over global debt pileup
SINGAPORE -- Global debt is becoming a bigger worry as the global policy tightening cycle takes hold, a top boss at the World Bank warned Monday.
Second-round price pressures emerging
LAST WEEK’s increase in jeepney fares has added to inflation pressures, which state economic managers have expected to peak this quarter.
Big banks hard-pressed to comply with new liquidity rule — BMI
BIG BANKS will have to boost deposit taking and may cut back on long-term loans to comply with a new liquidity measure imposed by the central bank, analysts at BMI Research said.
Business booms for plastic giants as change beckons
PARIS -- It’s the worst enemy of environmental campaigners, but people around the world use mountains of plastic every day and business is booming for manufacturers.
Economic managers tout gains ahead of SONA
THE GOVERNMENT has put key pieces of reforms in place for the country to build “strong momentum” to grow faster in the years ahead, economic managers said in a forum on Friday.
Meralco bills rising this month
ELECTRICITY CONSUMERS in Metro Manila and surrounding areas will pay more for their power use in July after two consecutive months of reduction, the Manila Electric Co. (Meralco) announced on Friday.
Inflation surge spurs rate hike view
INFLATION surged in June to a fresh five-year high as it beat market and government estimates given for the month, leaving the door open for another policy interest rate hike.
Trade tensions starting to affect global economy
GENEVA — Trade barriers being erected by major economies could jeopardize the global economic recovery and their effects are already starting to show, the World Trade Organization (WTO) said on Wednesday in a report on trade restrictions among G20 nations.
BoI OK’s more pledges as of May
THE BOARD of Investments (BoI) approved nearly a fifth more committed investments in the five months to May from a year ago, with foreign pledges alone growing by close to a third in value terms in the same period, the agency said in a press release on Thursday.
Factory output growth eases but remains robust in May
THE COUNTRY’S factory production continued to expand by double-digit pace for the fifth straight month in May, though at a slower clip than in the preceding month, the Philippine Statistics Authority (PSA) reported on Thursday.