Inflation uptick seen in Aug. — poll
HEADLINE INFLATION may have seen an uptick in August, ending six months of steady decline due to rising prices of fuel and key food items.
NEDA proposes changes to arbitration and MAGA clauses in revised rules for BOT Law
THE NATIONAL Economic and Development Authority (NEDA) proposed new revisions to the implementing rules and regulations (IRR) of the Build-Operate-Transfer (BOT) Law, which reflect the government’s willingness to share the risk in public-private partnership (PPP) projects.
ADB keeps PHL growth forecasts for 2024, 2025
THE ASIAN Development Bank (ADB) has kept its Philippine economic growth forecasts for this year and 2025, with expansion expected to be driven by...
Manufacturing PMI expands in Sept.
MANUFACTURING ACTIVITY in the Philippines expanded in September, driven by resilient domestic demand and growth in new orders, S&P Global said.
Finance department says no plan to further raise sin tax rates
THE DEPARTMENT of Finance (DoF) is not planning to raise taxes on “sin” products but is closely looking into the mounting tax losses due...
2021 ‘too early’ to end BSP easing
IT MAY BE “too early” for the central bank to unwind the accommodative measures it rolled out at the height of the coronavirus pandemic, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said ahead of today’s policy review, but assured it is ready to respond if signs of second-round effects of higher inflation become more pronounced.
Meralco rates go up in October
RESIDENTIAL CUSTOMERS in areas served by Manila Electric Co. (Meralco) will see higher electricity bills this month, with typical households set to pay about...
May Inflation eases to six-month low amid pandemic
By Mark T. Amoguis, Assistant Research Head
Philippine inflation eased to a six-month low in May, slower than analysts expected as food and transport...
Philippines raises $842 million from euro bonds sale
MANILA — The Philippine government raised 750 million euros ($842.33 million) in eight-year euro-denominated bonds in an offering that was six times oversubscribed, a senior finance official said on Friday.
PCCI to gov’t: Open economy now
THE COUNTRY’S biggest business group on Wednesday urged the Duterte administration to “open the economy now” and assist businesses in creating more jobs, in order to accelerate the Philippine economy’s recovery.
SEC online submission tool goes live on March 15
THE Securities and Exchange Commission (SEC) said corporations and partnerships can submit their annual financial statements (AFS), general information sheet (GIS) and other reports using its online submission tool (OST) starting March 15.
Peso may stay at P58 level on remittance inflows for holidays
THE PESO may continue trading within the P58 level against the dollar this week, with investors expected to monitor the release of more US...