BSP tells banks to manage environmental, social risks
THE CENTRAL BANK wants lenders to keep a close eye on environmental and social (E&S) risks in their credit exposure, in line with the Philippines’ sustainable financing goal.
Dollar reserves hit record $112 billion
THE PHILIPPINES’ gross international reserves (GIR) rose to a record high at end-September, the Bangko Sentral ng Pilipinas (BSP) said on Monday.
Tax bureau sets targets, priorities for this year
THE BUREAU of Internal Revenue (BIR) expects to collect nearly P80 billion from the tax reform law this year, which should help boost total revenues to a fresh record high.
PHL, Japan ink P65-B loan deals
THE PHILIPPINES has secured P65.43 billion worth of loans from Japan to fund big-ticket infrastructure projects such as a four-lane bypass road in Davao...
Global investors contemplate fallout from US rates reaching 6%
ALL OF A SUDDEN, the prospect of US rates hitting 6% is becoming real enough for investors to rethink their strategies.
BlackRock, Inc. and Schroders...
ADB urges PHL to boost disaster resilience as impact of typhoons mounts
THE PHILIPPINES is losing an average of 1.7% of its overall economic output each year due to typhoons, according to estimates by the Asian Development Bank (ADB), which noted the country’s need to strengthen its resilience against natural disasters.
Philippines may turn to local debt after $3.3-B bond sale
THE PHILIPPINES is weighing an option to raise the balance of its 2025 borrowing requirements locally, having implemented the bulk of its overseas funding...
No ‘drastic’ liquidity moves for now — BSP
THE CENTRAL BANK is not keen on “drastic” liquidity-infusing moves as the impact of the pandemic is better addressed by fiscal measures, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said.
Philippines election win returns Marcos to power, and polarization
MANILA - The Philippines woke to a new but familiar political dawn on Tuesday, after an election triumph by Ferdinand Marcos Jr paved the...
IMF: Trade war already hurting Asia, may cut growth forecasts
TOKYO -- US-China trade frictions are already affecting business confidence and investment in Asia, a senior International Monetary Fund (IMF) official said, warning that the fund could cut global growth forecasts in January.
PEZA approves P6.4-B investments in January
THE PHILIPPINE Economic Zone Authority (PEZA) greenlit P6.39 billion worth of investments in January, which includes the development of an information technology (IT) center...
Cash remittances hit 7-month high in July
CASH REMITTANCES reached a seven-month high in July, as land-based overseas Filipino workers (OFW) continued to support their families during the coronavirus disease 2019 (COVID-19) pandemic.