Fed raises interest rates, leaves outlook unchanged
WASHINGTON -- The Federal Reserve raised interest rates on Wednesday but left its rate outlook for the coming years unchanged even as policy makers...
Measures eyed to help airlines, shipping firms as fuel prices rise
MACTAN, Cebu — The Transportation department is preparing measures to help airlines and shipping firms cope with the continued spike in fuel prices.
Delay in 2019 budget OK affects P46-B projects
THE DELAYED ENACTMENT of the 2019 national budget will surely hurt economic growth in the first quarter, the Finance chief said, noting that some P46 billion worth of projects have already been pushed back.
Remittance increase slows in November
By Melissa Luz T. Lopez
Senior Reporter
CASH REMITTANCES increased annually for a second straight month in November last year but at a slower pace, the...
BSP invests in Asian Green Bond Fund
by Luz Wendy T. Noble, Reporter
The Philippine central bank again redirected capital for sustainability initiatives by investing in the Asian Green Bond Fund of the Bank for International Settlements...
Toll collection on NLEX-SLEX connector road starts Aug. 8
TOLL COLLECTION at the North Luzon Expressway (NLEX) - South Luzon Expressway (SLEX) Connector Road will start on Aug. 8, Metro Pacific Tollways Corp....
Carmakers set 500,000 sales target for 2025
PHILIPPINE AUTOMOTIVE sales are expected to reach 500,000 units in 2025, according to the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI).
US wants China to cut auto tariffs, buy more chips
WASHINGTON/BEIJING -- Top Trump administration officials are asking China to cut tariffs on imported cars, allow foreign majority ownership of financial services firms and...
Foreign investment pledges surge in Q3
FOREIGN INVESTMENT pledges received by Philippine investment promotion agencies (IPA) surged in the third quarter, driven by investments from South Korea and Switzerland, the...
BIR aims to have 100% of tax payments done online
THE BUREAU of Internal Revenue (BIR) is aiming to have all taxpayers file their returns and pay their taxes through electronic means.
Philippines breaks into ranks of ‘innovation achievers’ — report
THE PHILIPPINES has moved up 19 spots to 54th out of 129 economies from last year on an annual list that tracks their performance in terms of innovation, with the country breaking into the ranks of 17 others that “outperform” in this regard relative to gross domestic product.
Financial system’s resources jump 7% as of end-August
THE TOTAL RESOURCES of the Philippine financial system further expanded at the end of August, the Bangko Sentral ng Pilipinas (BSP) said.
Preliminary data from...
