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THREE ECONOMIC REFORMS gained ground in the House of Representatives on Monday evening, with the measure removing restrictions on foreigners from practicing their professions in the Philippines and another simplifying taxes on financial instruments both bagging final approval.

THE SENATE approved on Tuesday a bill that amends the country’s foreign investments law, a move that is expected to further open up the economy. 

A NEARLY FLAT farm output marked the first quarter, slowing from a small increment a year ago, the Philippine Statistics Authority (PSA) said on Thursday a day ahead of its gross domestic product (GDP) report for the same period, noting that increases in livestock, poultry and fisheries output narrowly offset a drop in crops that accounted for half of total value of production.

THE GOVERNMENT is pursuing plans to revive the Subic Bay International Airport before the second quarter of next year, the state Transport chief said in a press briefing on Wednesday where other economic managers reiterated the commitment to push major infrastructure projects despite current delays.

THE Philippine economy unexpectedly shrank in the first quarter, as strict lockdown measures aimed at containing the coronavirus outbreak brought economic activity to a near standstill, the Philippine Statistics Authority (PSA) reported on Thursday.

THE PHILIPPINES dropped 10 spots in an annual global ranking of countries’ ability to attract and retain a skilled workforce, reflecting the challenges faced by companies amid the coronavirus pandemic.

APPROVED building permits fell by 9% year on year in June, as high interest rates dampened construction activity, the Philippine Statistics Authority (PSA) said in a report on Thursday.

THE ASIAN DEVELOPMENT BANK (ADB) has slashed its Philippine economic growth projections for this year and 2019 following “stagnant” performance in agriculture and a merchandise export slowdown, even as investments continue to rise.

FOREIGN INVESTMENT pledges plunged by 64.4% in the second quarter as investor sentiment turned cautious amid heightened global uncertainty driven by flip-flopping US tariff policies.

PHILIPPINE automotive sales are expected to reach 512,000 units this year amid a more promising macroeconomic outlook, said Toyota Motor Philippines Corp. (TMP). At a...

THE government’s debt service bill declined by 10% in May, as both amortization and interest payments fell, the Bureau of the Treasury (BTr) reported.

By Maria Eloisa I. Calderon Editor-At-Large HOMEBUYERS with jumbo mortgages have less to fear about the end of ultra-low borrowing costs, while consumers contemplating personal loans...