BSP maintains key rate at record low
THE BANGKO SENTRAL ng Pilipinas (BSP) held its key interest rate at a record low for a fourth straight meeting on Wednesday, as it continues to support the economy’s recovery from the pandemic.
Vehicle sales off to weak start across categories
VEHICLE SALES slid 15% in January from a year ago, weighed down by reductions across categories, according to data released on Monday by the Chamber of Automotive Manufacturers of the Philippines, Inc. and the Truck Manufacturers Association.
Sy siblings still richest; Razon moves to 2nd spot
THE SY SIBLINGS remained on top of the Forbes list of the Philippines’ 50 richest this year, while ports and casino tycoon Enrique K. Razon, Jr. climbed to second spot.
Music tourism unlocks more opportunities for Philippine travel sector
CAMILLE DELOS SANTOS, a 29-year-old government worker from Palawan province, spent P35,000 to watch the concert of K-pop boy band Seventeen in Bulacan north of the Philippine capital on Jan. 13.
Finance chief seeks to assure new lawmakers on tax reform
FINANCE SECRETARY Carlos G. Dominguez III reached out to lawmakers of the incoming 18th Congress on Monday, downplaying -- in a forum to inform the public on government achievements midway into President Rodrigo R. Duterte’s six-year term -- risks from supporting tax reforms.
Excise tax take surges, beats target on increased rates
EXCISE TAX collections surged by nearly three-fourths in the first two months of the year, driven by bigger taxes on cars, tobacco, alcohol and...
PHL Sukuk bond offer may exceed $1-B target
THE PHILIPPINES’ maiden Sukuk bond offering is still pushing through within the fourth quarter and could possibly exceed its $1-billion target offer size, Finance...
PHL banks’ exposure to the real estate sector eases to 20%
THE EXPOSURE of Philippine banks and trust entities to the property sector eased to 20.17% as of end-December last year, from 20.55% at end-September...
LGUs directed to set up electronic business one-stop shops by June
LOCAL GOVERNMENT UNITS (LGUs) will be required to move their entire business permit application processes online by mid-June, the Anti Red Tape Authority (ARTA) said.
World economy headed for a recession in 2023
THE WORLD faces a recession in 2023 as higher borrowing costs aimed at tackling inflation cause a number of economies to contract, according to...
Gross borrowings jump in October
THE NATIONAL GOVERNMENT’S gross borrowings jumped by 23.4% in October as domestic debt surged, the Bureau of the Treasury (BTr) said.
Data from...
US consumer confidence rebounds; house prices maintain upward trend
WASHINGTON — US consumer confidence rose in November after three straight monthly declines, with Americans planning big-ticket purchases like motor vehicles and houses over...