‘Bloody’ conference with House ahead as Senate OK’s proposed 2019 budget
THE SENATE on Monday approved its version of the P3.757-trillion proposed national budget for 2019 on second and third reading in quick session and moved to form a bicameral conference panel.
Southeast Asian central banks, multilateral groups ‘reassess’ crisis models
TOP monetary authorities in Southeast Asia are in the country to compare notes and discuss strategies for financial stability, marking a new regional initiative to strengthen standards and prevent future crises.
Poll bares muted GDP view for 2018
ECONOMIC OUTPUT growth likely missed the official goal in the fourth quarter and full-year 2018, even as it is expected to remain above six percent, results of a BusinessWorld poll showed.
Analysts share expectation of slowing price increases
BANK ANALYSTS expect inflation to slow in the next two years but to still clock in close to four percent, a recent central bank survey showed, with most seeing above-target readings over the next six months.
Economics and politics of the Bangsamoro vote
TODAY’S PLEBISCITE for a new law that will expand the geographic coverage and economic authority of the Autonomous Region in Muslim Mindanao (ARMM) comes at a period when significant growth has been recorded in this part of the country that has otherwise been afflicted by poverty and armed conflict.
SM founder Henry Sy, Sr passes away
By Arra B. Francia, Reporter
Henry Sy, Sr., country’s richest man and the founder of the largest chain of shopping malls in the Philippines, passed away on Saturday morning,...
Hanjin receiver gets down to work
THE REHABILITATION RECEIVER for Hanjin Heavy Industries and Construction Philippines, Inc. (HHIC-Phil) has buckled down to work, aiming first to determine the viability of the shipbuilder’s plan to pay its creditors, suppliers and remaining workers.
December BoP surplus biggest in more than six years
THE PHILIPPINES’ balance of payments (BoP) posted the biggest surplus in more than six years in December, which also marked the second straight month of surfeit, the Bangko Sentral ng Pilipinas (BSP) reported on Friday, but it still ended 2018 with a wider deficit than in 2017.
Gov’t imposes cement safeguard duty
THE DEPARTMENT of Trade and Industry (DTI) will impose a provisional safeguard duty on imported cement starting next month, citing the need to prevent putting local producers at a disadvantage.
Hot money turns around in 2018
MORE FLIGHTY FOREIGN FUNDS entered the Philippines in 2018, beating the central bank’s expectation of a net outflow as investor optimism rebounded just before the year ended.
Tax bureau lines up priorities for this year
THE BUREAU of Internal Revenue (BIR) has laid out its priority programs for attaining its P3.018-trillion collection goal for this year.
Central bank, competition watchdog caution against move to raise prices of farm goods amid...
THE CENTRAL BANK and the competition watchdog cautioned against moves to raise prices of agricultural products at a time of improved food supply, saying this could disrupt inflation’s slowdown, faster economic growth and healthy sectoral competition.