Trade gap balloons to $4.13 billion in March
THE PHILIPPINES’ trade-in-goods deficit widened to a two-month high in March as both exports and imports picked up, the Philippine Statistics Authority (PSA) reported...
Central bank sees inflation at 1.3%-2.1% in April
HEADLINE INFLATION may have settled below the 2-4% target band again in April, the Bangko Sentral ng Pilipinas (BSP) said.
The central bank’s month-ahead forecast...
Budget gap widens sharply in March
THE NATIONAL Government’s (NG) budget deficit ballooned in March as revenues slipped and state spending jumped ahead of the election ban, the Bureau of the Treasury (BTr) said.
DoF reviewing ‘de minimis’ rule, says Recto
THE DEPARTMENT of Finance (DoF) is currently reviewing the “de minimis” policy that allows duty-free entry for small-value shipments, amid calls from local retailers to close this loophole that gives overseas sellers an advantage.
April inflation likely fell below 2%
INFLATION likely remained below 2% for a second straight month in April, analysts said, as the decline in key food prices such as rice kept the headline figure at bay.
PHL seen to leverage opportunities from ADB meeting in Milan
THE ASIAN Development Bank’s (ADB) upcoming Annual Meeting will be crucial for the Philippines as it can leverage this year’s discussions to further its development goals.
ADB ramps up support for food security to $40 billion by 2030
MILAN, Italy — The Asian Development Bank (ADB) is ramping up its support to enhance food security in Asia and the Pacific to $40 billion up until 2030.
Philippines struggles to keep cyberwarriors due to tech brain drain
JERICHO P. DUPO, a 25-year-old full-stack developer at IBM Philippines, is looking for a job overseas, where he expects to earn more and gain...
National Government’s gross borrowings slump in March
THE NATIONAL GOVERNMENT’S (NG) gross borrowings dropped in March as external debt declined, the Bureau of the Treasury (BTr) reported.
Poll: GDP likely grew by 5.8% in Q1
PHILIPPINE ECONOMIC growth may have picked up in the first quarter thanks to cooling inflation and faster government spending ahead of the election ban,...
Global economy already feeling drag from Trump tariffs
US President Donald Trump’s tariffs are increasingly clogging up the wheels of a world economy which for decades were greased by predictable and relatively...
ASEAN+3 to ramp up regional financial cooperation to cushion global trade shocks
MILAN, Italy — Finance ministers and central bank governors from ASEAN+3 economies have pledged to further regional financial cooperation to withstand rising trade uncertainty,...