ADB set to approve $400-M PHL loan for ‘blue economy’
THE ASIAN Development Bank (ADB) on Tuesday said it is set to approve this year a new $400-million loan for the Philippines, which would...
PHL eyes more investments from UAE sovereign wealth funds
THE PENDING Comprehensive Economic Partnership Agreement (CEPA) with the United Arab Emirates (UAE) will create a framework that will allow the Philippines to secure more investments from the UAE’s sovereign wealth funds, an official of the Department of Trade and Industry said.
NG posts P67.3-B surplus in April
THE NATIONAL GOVERNMENT’S (NG) fiscal position swung to a surplus in April as an uptick in tax revenues offset the decline in state spending,...
ASEAN leaders agree tariff deals with US should not harm fellow members
KUALA LUMPUR - Southeast Asian leaders reached an understanding on Tuesday that any bilateral agreements they might strike with the United States on trade...
Banks told to monitor negative news on clients
THE BANGKO SENTRAL ng Pilipinas (BSP) is reminding its supervised institutions to monitor negative media reports as part of customer due diligence, in an...
Amendments to AMLA sought
THE ANTI-MONEY Laundering Council (AMLC) is pushing amendments to the Anti-Money Laundering Act as part of its next steps to ensure the country stays out of the Financial Action Task Force’s (FATF) “gray list.”
Marcos concerned over impact of US tariffs
PHILIPPINE President Ferdinand R. Marcos, Jr. expressed concern over the impact of the US tariffs on the global economy, warning of possible “shrinkage in...
Marcos orders GOCC heads to quit
PRESIDENT Ferdinand R. Marcos, Jr. has ordered the heads of state-owned companies to quit, a week after a similar order on his Cabinet secretaries...
Global gov’t issuance of US dollar debt tumbling in 2025, data show
GOVERNMENTS in Asia and Europe are raising far less debt in US dollars than usual, preferring to issue at home as they avoid exposure...
‘Tariffs alone won’t fix the country’s rice woes’ — ADB
By Luisa Maria Jacinta C. Jocson, Senior Reporter
TARIFF SCHEMES like seasonal duties are not enough to stabilize rice supply in the Philippines, the Asian...
PEZA hopes to attract more Chinese investments in electronics, automotive
THE PHILIPPINE Economic Zone Authority (PEZA) is hoping to attract more Chinese investments in key sectors, including electronics and automotive, amid increased interest from Beijing.
BSP to ease further to support economy
THE BANGKO SENTRAL ng Pilipinas (BSP) is expected to cut benchmark interest rates further this year to support the economy amid a fragile global...