Inflation likely eased in December — BSP
INFLATION likely eased further in December, the Bangko Sentral ng Pilipinas (BSP) said, with the rate possibly settling at the five percent level given lower fuel and rice prices.
Selection of third major telco by December on track as gov’t issues final terms
THE DEPARTMENT of Information and Communications Technology (DICT) and the National Telecommunications Commission (NTC) published on Friday the final terms of reference (ToR) outlining the process by which the government will select by December a third major player in the telecommunications industry.
Peso may sink to P62-per-dollar level this year
THE PHILIPPINE PESO could sink to as low as P62 per dollar this year as a dovish central bank and increased liquidity in the...
Business sentiment across Asia edges up to hit seven-year high
SYDNEY -- Business confidence among Asian companies rose in the first quarter to the highest level in seven years, a Thomson Reuters/INSEAD survey showed,...
Cash remittances hit six-month high in June
CASH REMITTANCES from overseas Filipino workers (OFWs) rose to a six-month high in June, the Bangko Sentral ng Pilipinas (BSP) said late on Thursday.
Local gov’t units on track to raise P241 billion by year end
LOCAL GOVERNMENT UNITS (LGUs) appear on track to collect up to P241 billion by year end, after exceeding the full-year collection target of P193 billion as of end-September.
Country’s debt-to-GDP ratio rose the most in 2 years, says think tank
THE PHILIPPINES and Thailand saw the biggest rise in government debt-to-gross domestic product (GDP) ratios in the world from end-2019 to end-2021, Moody’s Analytics said in a report on Thursday.
Exports to fall short of gov’t target
EXPORT REVENUES will likely reach at least $100 billion in 2022, about a fifth lower than the projected $122 to $130.8 billion in the export development plan, the industry group said.
Containing the virus is key to Philippines’ recovery — IIF
By Beatrice M. Laforga, Reporter
THE Philippine economy has to effectively contain the coronavirus disease 2019 (COVID-19) pandemic and implement more stimulus measures before it...
DPWH identifies more priority PPP projects
THE DEPARTMENT of Public Works and Highways (DPWH) has identified more priority public-private partnership (PPP) projects for implementation, including expressways in Cebu and Central Luzon.
Back to square one for Public Service Act amendment
IT’S BACK to square one for the bill amending the 82-year-old Public Service Act (PSA) to lift foreign ownership limits in certain sectors as it will fail to secure final approval with two session days left for the 17th Congress to wrap up its business.
Banks cite reduced rate hike pressures
THERE IS LESS PRESSURE for the Bangko Sentral ng Pilipinas (BSP) to raise rates further this year as inflation has somewhat eased and the trade gap can be expected to narrow, two global banks said.