Poll: Inflation likely picked up in Feb.
INFLATION may have quickened slightly in February due to higher food prices, which was likely offset by lower utility and oil prices amid the coronavirus disease 2019 (COVID-19) outbreak and subsiding risks from the Taal Volcano eruption.
Tax bills may take backseat amid coronavirus spread
THE remaining packages of President Rodrigo R. Duterte’s comprehensive tax reform program (CTRP) might take a backseat in the Senate as the chamber gets sidetracked by measures seeking to shield the economy from a novel coronavirus outbreak, its leaders said.
SEC may defer plan to hike public float for listed firms amid market slump
THE Securities and Exchange Commission (SEC) may defer the implementation of a hike in the minimum public ownership (MPO) of listed companies, as the local stock market slumped on fears the continued spread of the coronavirus disease 2019 (COVID-19) could sink the global economy.
February Inflation likely settled at 2.4-3.2% — BSP
INFLATION probably settled at 2.4-3.2% in February due to lower fuel, utility and food prices, according to the Philippine central bank.
Budget gap widens to record P660B
THE BUDGET DEFICIT widened to a record P660.2 billion in 2019, as the government spent nearly P500 billion, mainly for infrastructure projects and social protection programs, in December alone.
Central bank mulls more rate, RRR cuts
THE CENTRAL BANK may cut rates by more than 25 basis points (bps) this year as the government looks to boost growth amid fears of an economic fallout due to the global spread of the coronavirus disease 2019 (COVID-19), its chief said on Thursday.
Inflation impact on the poor worsens in January
INFLATION, as experienced by low-income families, picked up to its fastest pace in six months in January, the Philippine Statistics Authority (PSA) reported on Thursday.
PCC: Concerns over foreign ownership of utilities may be addressed through regulation
NATIONAL SECURITY concerns arising from the removal of foreign ownership restriction in telecommunications, transportation and other industries can be addressed through regulation, according to the Philippine Competition Commission (PCC) commissioner.
Tighter capital rules for smaller banks
THE CENTRAL BANK on Wednesday said it would tighten capital requirements on smaller standalone lenders, consistent with international standards that would let these financial institutions continue absorbing losses.
China’s POGO crackdown, coronavirus may dampen PHL office space demand
THE CONTINUED global spread of the coronavirus disease 2019 (COVID-19), coupled with the Chinese government’s crackdown on its citizens employed by Philippine Offshore Gaming Operators (POGO), may dampen office space demand in the country this year.
Domestic commodity flows contract in Q4
LOCALLY TRADED GOODS declined in the fourth quarter of 2019, the government reported yesterday.
Some prepare for bear market as local stocks sink
PHILIPPINE equities sank the most in four years, and some analysts are already watching out for a bear market.