Congress leaders vow to pass budget bill on time
LEADERS of the Senate and House of Representatives on Wednesday assured the public that Congress could approve the proposed P6.352-trillion national budget for 2025 on time, despite political realignments and tension inside their backyards.
April PMI growth slowest in 8 months
PHILIPPINE MANUFACTURING activity eased to an eight-month low in April as new orders and output both rose at a slower pace, S&P Global said.
Gov’t, private spending may bolster 2022 GDP growth
By Jenina P. Ibañez, Senior Reporter
THE PHILIPPINE ECONOMY could grow by 7.1% next year amid stronger private consumption and government infrastructure spending, according to IHS...
BSP unfazed by current account deficit
THE PHILIPPINES will maintain a modest current account deficit that is unlikely to hit alarming levels, with the component trade gap expected to “correct”...
Year begins with thinner foreign currency reserves
THE COUNTRY’s dollar reserves slipped in January as the central bank tapped these funds to smoothen exchange rate swings and as the government settled...
Renewable energy could cut electricity rates by 30% — report
HEAVY RELIANCE on imported fossil fuels, high financing costs and uncompetitive market structures have contributed to make electricity prices in the Philippines among the highest in Southeast Asia, according to a report of a global research institute.
Reforms eyed to boost FDI inflows
FOREIGN direct investments (FDI) inflows to the Philippines dropped in 2018 even as most Southeast Asian countries saw gains that pushed the region’s overall haul for the year to an all-time high.
BSP sets additional capital buffer for banks
THE BANGKO SENTRAL ng Pilipinas (BSP) has approved a new measure meant to boost banks’ capital to equip them further to weather episodes of financial stress.
Congress tackles bill to give Duterte special powers
CONGRESS on Monday sought to approve a measure that will give President Rodrigo R. Duterte special powers to address the national crisis triggered by the coronavirus disease 2019 (COVID-19) outbreak.
Remittance growth slows in April
REMITTANCES from overseas Filipino workers (OFWs) grew slower in April from the previous month due to a “cyclical” drop in expenses.
Record debt bill pushes firms back to bond market
THE biggest companies in the Philippines need to repay the most debt ever next year, and they’re lining up for fresh funds while interest rates are still low.
PHL economy seen to grow by 5.6% in 2024
THE PHILIPPINE ECONOMY is expected to be the second fastest-growing economy in Southeast Asia in 2024, according to the Mastercard Economics Institute (MEI).
In its...