Central bankers say fiscal aid crucial in pandemic battle
TOP United States and European central bankers on Tuesday called for renewed government spending to support families and businesses as the battle against the coronavirus-triggered recession enters a newly critical phase.
Tax bills may take backseat amid coronavirus spread
THE remaining packages of President Rodrigo R. Duterte’s comprehensive tax reform program (CTRP) might take a backseat in the Senate as the chamber gets sidetracked by measures seeking to shield the economy from a novel coronavirus outbreak, its leaders said.
Congress ratifies 2023 national budget
CONGRESS on Monday ratified the Bicameral Conference Committee report on the proposed P5.268-trillion national budget for next year, with leaders hoping it will be signed into law by President Ferdinand R. Marcos, Jr. before the Christmas break.
BSP sees within-target inflation by Q1
INFLATION is now likely to land within the Bangko Sentral ng Pilipinas’ (BSP) target by the first quarter of 2024, not the fourth quarter...
‘Wealth tax’ can fund efforts to combat poverty, climate change — US economist Sachs
COUNTRIES must consider imposing a wealth tax on the “super-rich” to generate much-needed funds to address issues like poverty and climate change, according to American economist Jeffrey D. Sachs.
Average spot market price down by 23% in August
By Angelica Y. Yang, Reporter
The average power spot market price fell by 23% to P5.03 per kilowatt-hour (/kWh) this month, from July's level of P6.52/kWh, on the back...
Inflation hits 2-year high on rising food prices
By Beatrice M. Laforga, Reporter
Consumer prices rose faster for the fourth straight month to a two-year record in January after food and transport costs spiked, according to the...
House approves 3rd stimulus package amid pandemic
CONGRESSMEN on Tuesday approved on third and final reading a third stimulus package worth more than P400 billion to help unemployed and hungry Filipinos amid a coronavirus pandemic.
Peso slide to 60 is possible — Remolona
PHILIPPINE CENTRAL BANK Governor Eli M. Remolona, Jr. isn’t ruling out the possibility of the peso hitting a fresh record low of 60 to...
Faster consumption key to PHL hitting 2024 growth target, says S&P Global
FASTER PRIVATE CONSUMPTION will be crucial for the Philippine economy to hit its growth target this year, S&P Global Ratings said.
S&P Global economist...
Philippines still compelling for miners, but mineral output growth to ease
THE PHILIPPINES will remain a compelling case for miners at least until the end of President Rodrigo R. Duterte’s term in 2022 despite an increasingly trying regulatory environment, according to Fitch Solution’s Philippines Mining Report.
Overall price increase in August slowest in 3 years
INFLATION clocked in at its slowest pace in three years in August amid a softer increase in food prices, particularly rice, the Philippine Statistics Authority (PSA) reported on Thursday.