Gov’t sets P360-B borrowing program for Q1
THE government is looking to borrow P360 billion during the first three months of 2019 through a mix of short and long-term papers, a third bigger than the amount programmed the previous quarter.
BSP likely to pause easing — poll
THE central bank is widely expected to maintain key policy rates at record low levels on Thursday, as it waits for fiscal policy to do its part in quelling the recent spike in inflation.
Trade dep’t sees 10-15% hike in manufacturing FDIs in 2018
By Janina C. Lim
Reporter
FOREIGN direct investments (FDIs) in Philippine manufacturing will grow by a “reasonable” 10-15% in 2018 as investors remain bullish on the...
Legal gender equality slips in the Philippines
LEGAL GENDER EQUALITY in the Philippines regressed as no new reforms were implemented since late 2019, a World Bank study showed.
Q2 GDP growth slowest in four years as delayed budget bites
THE ECONOMY expanded at its slowest pace in 17 quarters in the April-June period, weighed down by reduced private investments as well as tempered household and government spending, the Philippine Statistics Authority (PSA) reported on Thursday.
Economic czar backs move to return to pre-CREATE regime
PRESIDENTIAL INVESTMENT adviser Frederick D. Go said he is making it a priority to address investor concerns by implementing reforms such as restoring the...
More infrastructure projects close in on final approval by NEDA
THE NATIONAL Economic and Development Authority (NEDA) Investment Coordination Committee-Cabinet Committee (ICC) has approved more projects, involving infrastructure as well as social and governance reforms that are a centerpiece of the current government’s development efforts.
Q1 GDP likely grew by 5.8-6.3%, says Recto
PHILIPPINE ECONOMIC GROWTH in the first quarter could have settled between 5.8% and 6.3%, Finance Secretary Ralph G. Recto said.
“Anything higher than 5.5% is...
BIR collects P1B in back taxes
The Bureau of Internal Revenue (BIR) collected P1.014 billion in back taxes from 274 commercial establishments it temporarily shut down in the first half, according to the Department of Finance (DoF).
Philippines improved slightly in attaining SDGs — UN report
THE PHILIPPINES jumped six spots to 92nd out of 167 countries in achieving 17 sustainable development goals (SDGs), but still grapples with significant challenges...
External debt service soars to $8.9 billion as of end-August
THE PHILIPPINES’ external debt service burden more than doubled to $8.89 billion as of end-August, preliminary data from the Bangko Sentral ng Pilipinas (BSP)...
Chelsea Logistics kicks off IPO on strong note
By Krista Angela M. Montealegre
National Correspondent
CHELSEA LOGISTICS Corp. (CLC) kicks off the offer period for its P5.8-billion initial public offering (IPO) today with strong...