Inflation may cut 2023 growth — NEDA
A SUSTAINED “inflation shock” could cut the Philippines’ gross domestic product (GDP) by 0.6% in 2023, National Economic and Development Authority (NEDA) and Socioeconomic Planning Secretary Arsenio M. Balisacan said on Tuesday.
FDI net inflows rise in October
FOREIGN direct investments (FDI) inflows rebounded in October, reversing seven months of decline, according to data from the Bangko Sentral ng Pilipinas (BSP) released late Friday.
CEOs should take lead in AI adoption — expert
CHIEF EXECUTIVE OFFICERS (CEOs) should take the lead in the adoption of artificial intelligence (AI) in organizations, according to a PwC executive.
Scott Likens, global...
PHL faces blacklisting risk by FATF
THE PHILIPPINES’ continued inclusion in the Financial Action Task Force’s (FATF) “gray list” may result in reputational consequences, as well as increases the likelihood of inclusion in the dirty money watchdog’s blacklist, the Anti-Money Laundering Council (AMLC) said.
Banks ordered to give 30-day grace period for loans
THE government ordered all lenders to give a 30-day grace period for all loan payments that are falling due within the enhanced community quarantine (ECQ) period.
IMF says ‘tit-for-tat’ tariffs can hurt Asia’s growth
CEBU — “Tit-for-tat” retaliatory tariffs could hurt the growth outlook for the Asia-Pacific region, the International Monetary Fund (IMF) said.
“In a region like Asia,...
BSP has room to keep policy rates low
BANGKO SENTRAL ng Pilipinas (BSP) Governor Benjamin E. Diokno said there is “room to maneuver” on monetary policy amid manageable inflation and the improving economy.
Gov’t open to seasonal tariffs for rice
MILAN, Italy — The government is open to adopting a seasonal tariff scheme for rice imports to better protect farmers.
ADB maintains growth forecast for Developing Asia
MANILA - Developing Asia is on track to grow 5% this year, supported by strong consumption and high demand for tech exports, the Asian...
Export body conservative for next year
THE TRADE DEPARTMENT’S Export Marketing Bureau (EMB) has adopted a 2-4% growth forecast for overseas sales next year of the country’s goods and services, choosing to be conservative as global uncertainties persist.
POGOs now top property demand driver
PHILIPPINE Offshore Gaming Operators (POGOs) have displaced the information technology-business process management (IT-BPM) sector as the single biggest source of demand for office space in the country, real estate service firm Leechiu Property Consultants (LPC) reported on Monday.
Budget delay’s impact hounds infrastructure spending into July
LATE ENACTMENT of this year’s national budget continued to weigh on infrastructure spending in July, the Budget department reported on Thursday, even as it noted that a month-on-month surge showed “that disbursements are starting to normalize and accelerate in the second half…”