Bill seeks to require NEDA Board OK only for projects over P5B
A PROPOSED MEASURE seeks to require National Economic and Development Authority (NEDA) Board approval only for projects worth over P5 billion.
BSP chief leaves door open to one last cut, rules out off-cycle move
By Katherine K. Chan
THE BANGKO SENTRAL ng Pilipinas (BSP) may cut benchmark rates by another 25 basis points (bp) next year to end its...
Retail T-bond sale set on Feb. 26
THE GOVERNMENT is looking to raise at least P30 billion from the sale of retail Treasury bonds (RTB) next week, the Bureau of the Treasury announced on Thursday.
Hot money back to net outflow on peso, inflation worries
MORE FOREIGN FUNDS left the Philippines in May, capping two months of net inflows, amid global geopolitical tensions and higher yields in the United States, the Bangko Sentral ng Pilipinas (BSP) reported on Thursday.
PEZA’s May investment pledges hit P66 billion
THE PHILIPPINE Economic Zone Authority (PEZA) approved P66.34 billion worth of investment pledges in the first five months — 80% higher than a year earlier — that could generate more than 29,000 more jobs and $1.092 billion in exports.
Philippine waste pickers may be missing piece in EPR enigma
APOLINARIO O. GERONIMO’S otherwise soft voice blares through the megaphone as he combs the streets of Tondo, Manila on his sidecar trying to collect scrap TVs and electric fans from residents.
Manufacturing activity improves in August
THE PHILIPPINES’ manufacturing sector continued to expand for a seventh straight month in August, as production stabilized with a softer contraction in new orders, S&P Global said on Thursday.
Philippines’ infrastructure watchdog stalls operations as quorum lost
The Philippines’ Independent Commission for Infrastructure (ICI) formally said on Friday it cannot carry out official functions after resignations left the fact-finding body without...
BIR, Customs miss Q1 collection goal
THE government’s main collection agencies failed to meet their revenue targets for the first quarter, as March collections took a hit due to the Luzon-wide lockdown that shuttered government and business operations.
Philippine tourism industry’s water and energy consumption still below pre-pandemic levels
THE PHILIPPINE tourism industry’s water and energy consumption, as well as carbon dioxide emissions, remained well below pre-pandemic levels despite the gradual recovery in 2021.
‘Tatay Digong’ thrives on pathos to keep rock-star status
JUN ABORDO’s eyes beam as he talks about how his “Tatay Digong” managed to end the Philippines’ century-old subservience to the United States, its former colonial master.
PHL’s economic freedom improves
THE PHILIPPINES’ RANKING jumped nine spots in a global index on economic freedom due to higher scores in trade freedom and property rights, according to the Canada-based think tank Fraser Institute.