Moody’s flags weak peso’s credit risk
By Melissa Luz T. Lopez
Senior Reporter
A SUSTAINED PESO depreciation would be “credit negative” for the Philippines as it pushes up the cost of foreign...
$2B left in foreign borrowing program
THE GOVERNMENT has about a $2-billion borrowing space left for its planned “samurai” bond and second global bond sale under its program for foreign...
Banks bare stronger sheets in first quarter
By Mark T. Amoguis
Researcher
THE COUNTRY’s biggest banks opened the year on stronger footing as the first quarter sustained a streak of double-digit asset and...
Europe, US lurch closer towards a trade war
PARIS -- With Italy in political turmoil, oil prices on the rise and North Korea tensions back on the burner, the last thing the...
Gov’t to launch P30-billion retail bond next week
By Melissa Luz T. Lopez, Senior Reporter
THE government is looking to raise at least P30 billion ($570.6 million) worth of retail treasury bonds (RTBs)...
DoF finalizing new taxes on ‘sin’ products
By Melissa Luz T. Lopez, Senior Reporter
THE Department of Finance (DoF) is finalizing proposals for a fresh round of tax increases on alcoholic drinks...
BSP cuts reserve requirement further
By Melissa Luz T. Lopez
Senior Reporter
THE BANGKO SENTRAL ng Pilipinas (BSP) on Thursday announced another percentage point cut in bank reserves, marking the second...
FMIC, UA&P cite need for another rate hike
MONTHLY INFLATION will likely ease next semester to return within target, but another rate hike from the central bank will be needed to keep...
E-commerce growth expected to drive more brick-and-mortar businesses to the Philippines
By Krista Angela M. Montealegre
National Correspondent
EXPECT more global brands to find their way to Philippine shores, as traditional brick-and-mortar stores struggle in more advanced...
PHL competitiveness falls most in Asia
By Elijah Joseph C. Tubayan
Reporter
NOTWITHSTANDING relatively robust growth so far, the Philippine economy’s competitiveness ranking suffered the biggest drop in Asia over snags in...
Dirty money watchdog expands monitoring
FUND managers, jewelry dealers, lawyers and accountants will soon have to register with the Anti-Money Laundering Council (AMLC) and submit client data, as the...
Faster spending growth widens 4-month deficit
THE GOVERNMENT’S deficit grew nearly fourfold in the four months to April from a year ago as a hike in state spending outstripped that...