After crackdown, gov’t plans new mining curbs
THE GOVERNMENT is planning to limit the amount of land that miners can develop at any one time to boost environmental rehabilitation, a move...
FSCC keeps eye on potential spillovers from global uncertainties
THE FINANCIAL STABILITY Coordination Council (FSCC) is keeping a close eye on the possible spillover effects from global developments, Bangko Sentral ng Pilipinas (BSP)...
BSP leaves policy rates untouched
THE Bangko Sentral ng Pilipinas (BSP) on Thursday kept rates unchanged on expectations of steady inflation and economic growth, and as it monitors the impact of recent monetary adjustments.
Hanjin rehab draws interest of three ‘major’ shipbuilders
THREE MAJOR shipbuilders have signaled interest in the rehabilitation of Hanjin Heavy Industries and Construction Philippines, Inc. by asking for meetings on the matter.
CEOs worry over business viability
OVER HALF of Philippine-based chief executive officers (CEOs) are concerned over the viability of their businesses in the next 10 years without reinvention, according to a report by PwC Philippines.
Philippines incurs over P500B in losses due to climate-related hazards
CLIMATE-RELATED hazards have caused P506.1 billion (around $10 billion) in losses and damage to the Philippines over the past decade, emphasizing the country’s vulnerability to the climate crisis, the Department of Finance (DoF) said.
More research firms cut PHL growth estimates after disappointing Q2 print
MORE RESEARCH FIRMS slashed their economic growth forecasts for the Philippines this year, as they expect high interest rates to further crimp consumer spending...
Debt servicing balloons to P819B
THE NATIONAL Government’s (NG) debt service bill ballooned to P819.526 billion as of end-May, data from the Bureau of the Treasury (BTr) showed.
The debt...
January BoP gap widest in 11 years
THE PHILIPPINES in January posted its biggest balance of payments (BoP) deficit in over a decade, preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed.
2024 farm output shrinks 2.2%
THE PHILIPPINES’ agricultural output contracted by a record 2.2% in 2024, as farm production continued to decline in the fourth quarter.
FMIC-UA&P report sees 6.5% Q3 GDP growth
ECONOMIC GROWTH likely at least sustained in the third quarter the pace clocked in the preceding three months, on the back of strong household...
BusinessWorld bags top Philippine Quill award
BUSINESSWORLD Publishing Corp. received the top award at the Philippine Quill Awards for its flagship economic forum, which went virtual for the first time in 2020.