Balance of payments deficit persists, though narrower, in February
By Melissa Luz T. Lopez
Senior Reporter
THE COUNTRY’s external payments position remained in deficit in February with outflows driven by debt payments and central bank...
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...
Economy to grow by 6% despite risks from Ukraine war, ADB says
THE ASIAN Development Bank (ADB) maintained its Philippine growth forecast for 2022, as domestic investment and consumption continue to improve amid looser lockdown restrictions, but it warned of risks from the Russia-Ukraine war.
Cost of doing business, navigating international rules hindering wider Philippine utilization of trade deals
EXPORTERS lack the knowledge to tap trade agreements and face a higher cost of doing business in the Philippines, rendering their products uncompetitive relative to other countries’ exports, a business group said.
March inflation below expectation, gives BSP policy space
INFLATION further eased for the fifth straight month in March, the Philippine Statistics Authority (PSA) reported, lending support to the central bank’s view that price increases will ease this year even as officials signaled caution against swift plans to cut policy rates.
CEO confidence inches up amid coronavirus surge
ALMOST three-quarters of chief executive officers (CEOs) are confident about their organizations’ revenue growth over the next year, reflecting an improvement in their outlook even as the pandemic drags on, according to results of the PwC Philippines-Management Association of the Philippines survey.
House sends proposed mining tax reform back to DoF
A PROPOSAL to give government a bigger share in mining revenues goes back to square one, as House Speaker Gloria M. Arroyo on Thursday asked the Department of Finance (DoF) to submit a new draft that would consider inputs from miners.
BSP eyes use of QR code for transport payments
THE BANGKO SENTRAL ng Pilipinas (BSP) is proposing to identify strategic use cases for its national QR code standard such as for transportation payments.
In...
Private schools bleed with exodus of students, teachers into public education
NADINE CHANTALLE V. PONCE, 22, was an incoming third-year broadcasting student at the Colegio de San Lorenzo near the Philippine capital when it suddenly shut down amid a coronavirus pandemic.
Peso up on BSP intervention signals
THE PESO appreciated against the dollar on Wednesday after the Bangko Sentral ng Pilipinas (BSP) chief said they would actively intervene in the foreign...
Government revenues hit P1.9 trillion in first half
THE NATIONAL Government’s revenues grew by 7.7% year on year to P1.9 trillion in the first six months of the year, Finance Secretary Benjamin...