S&P sees slower PHL growth in 2023
S&P GLOBAL RATINGS revised its Philippine economic growth forecast upwards to 7.1% this year, but sees slower growth in 2023 due to the impact of higher interest rates and elevated inflation.
Another rate hike may be needed to fight inflation
THE BANGKO SENTRAL ng Pilipinas (BSP) may be compelled to resume monetary tightening next month to mitigate inflationary pressures, although a likely pause by the US Federal Reserve could ease the pressure on the BSP to hike further, analysts said.
First COVID, now heat: Online schooling returns to the Philippines
QUEZON CITY, Philippines - Record heat in the Philippines this month has forced schools to send children home for online classes, reviving memories of...
BMI says Philippine consumer spending to accelerate this year
HOUSEHOLD CONSUMPTION is seen to accelerate this year amid easing inflation, Fitch Solutions’ unit BMI said.
“We hold a positive outlook for consumer spending in...
More economic measures pushed
THE 17TH CONGRESS, which closed its third and last regular session on Tuesday, passed an “acceptable” number of laws, key officials of business chambers said, but noted the lack of measures on economic liberalization.
Departments, agencies consolidate rules governing foreign workers
FIVE DEPARTMENTS and four agencies have moved “to harmonize the regulations and policy guidelines governing the issuance of... documents to foreign nationals intending to work in the Philippines” that are currently provided under various laws.
Philippines leaps to 50th place in global innovation index
THE Philippines moved up four spots to 50th out of 131 economies on an annual list that measures their performance in innovation, becoming one of four Asian countries with the most significant progress.
Central bank says tax reform won’t require policy response
THE PHILIPPINES’ plan to overhaul its tax system will have only a modest inflationary impact and will not need a monetary policy response, said...
PHL in lower half of Doing Business list
By Elijah Joseph C. Tubayan
Reporter
THE PHILIPPINES has remained in the lower half of an annual gauge of economies’ competitiveness in terms of improving business...
March inflation below expectation, gives BSP policy space
INFLATION further eased for the fifth straight month in March, the Philippine Statistics Authority (PSA) reported, lending support to the central bank’s view that price increases will ease this year even as officials signaled caution against swift plans to cut policy rates.
South Korea scraps proposed Philippine loan; DoF denies existence of loan
The Department of Finance (DoF) on Wednesday categorically denied the existence of a P28-billion loan from South Korea to fund hundreds of bridges in...
Manila Water, Maynilad to hike rates next year
RESIDENTIAL HOUSEHOLDS in Metro Manila will see higher water bills in the first quarter of 2026 as the regulator approved the rate adjustments sought...