Net foreign direct investments biggest in six months in April
FOREIGN DIRECT INVESTMENTS (FDI) inflows rose further in April to a six-month peak, the central bank said in a statement on Tuesday, supported by solid investor optimism towards the Philippines.
Duterte OK’s proposed 2019 national budget
PRESIDENT Rodrigo R. Duterte and his Cabinet approved in a July 9 meeting the proposed P3.757-trillion national budget for 2019 that is designed to help spur faster overall economic growth that will also lift more Filipinos out of poverty by the time he ends his six-year term in mid-2022.
Central bank official downplays initial impact of US-China trade spat
THE IMPACT of the escalating trade row between the United States and China should remain “negligible” for now, a senior central bank official said, noting that Philippine reliance on the affected goods has been “negligible” so far.
Gov’t plans P1-trillion 2019 borrowing
THE GOVERNMENT plans to borrow up to P1.189 trillion in 2019 to help finance its spending plan, 33.85% more than the P888.23 billion initially programmed for this year, National Treasurer Rosalia V. De Leon told reporters in a mobile phone message on Monday.
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.