Gov’t raises P213B from retail bonds
THE GOVERNMENT on Tuesday raised an initial P212.719 billion from its auction of the retail Treasury bonds (RTBs), the third under the Marcos administration and the 30th overall.
Factory output decline persists
FACTORY OUTPUT in the country extended its declining streak to the 10th straight month in September, the government reported on Tuesday.
Business groups seek jail time for corrupt officials
THIRTY BUSINESS GROups on Thursday strongly condemned the continuing and excessive graft and corruption by government officials, calling for jail time for these corrupt...
Philippine economic freedom continues to fall
THE PHILIPPINES continued to see a decline in economic freedom, falling seven spots to 80th out of 177 economies in the 2022 global index released by US think tank The Heritage Foundation.
Bringing her hometown to the table
The Entrepreneur Of The Year Philippines 2017 has concluded its search for the country’s most inspiring entrepreneurs. Entrepreneur Of The Year Philippines is a...
Short-term cash handouts failed to make impact — WB
FAMILIES ENROLLED in the government’s conditional cash transfer (CCT) program may have to receive handouts for more than a year and a half in order to see a significant impact on education and jobs, the World Bank (WB) said.
PHL big banks post slower growth in assets, loans in 2nd quarter
THE GROWTH in combined assets and loans of the country’s biggest lenders eased as of end-June, dragged by weaker economic output in the second quarter despite cheaper borrowing costs and slower inflation.
Cigarettes, alcoholic drinks led February price hikes — DoF
HIGHER PRICES of cigarettes and alcoholic drinks likely drove inflation faster in February, the Department of Finance (DoF) said.
The DoF said prices overall may...
FDI net inflows slip to 13-month low in June
NET INFLOWS of foreign direct investment (FDI) fell to their lowest level in 13 months in June, as investor sentiment was dampened by rising inflation and higher interest rates.
Gov’t to launch ‘GBonds’ on GCash
THE Department of Finance said the government is set to launch “GBonds” on electronic wallet platform GCash in December, as it seeks to make...
Car sales may hit record 500,000 in 2024 — CAMPI
NEW VEHICLE SALES could hit the 500,000 mark this year amid more launches and double-digit sales growth in the first half, according to the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI).
BSP to carefully assess timing of unwinding its easing measures
THE central bank will carefully gauge the appropriate timing of unwinding its aggressive policy measures, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said.