Q3 FDI pledges biggest in nearly 2 years
APPROVED foreign direct investment (FDI) commitments rose to their highest level in nearly two years last quarter even as growth slowed from the preceding three months and a year ago, according to data the Philippine Statistics Authority (PSA) released on Thursday.
BSP finds businesses less bullish, consumers more pessimistic in Q4
EVEN the seasonal holiday cheer failed to lift investor and consumer spirits in this quarter, with confidence plummeting to multi-year lows as inflation continues to bite, according to findings of the central bank’s latest surveys.
Emerging markets face a brighter outlook after 2018
SINGAPORE -- After starting the year on a high note, emerging-nation equities are poised for their fifth annual decline of the past decade.
Inflation slows for first time in 2018
INFLATION eased for the first time this year in November to post the slowest rate in four months, helped by milder increases in food prices, the Philippine Statistics Authority (PSA) reported on Wednesday.
Factory output growth decelerates
FACTORY PRODUCTION continued growth in October, albeit at its slowest pace so far this year, the Philippine Statistics Authority (PSA) reported on Wednesday.
Job quality improves in October despite increased unemployment
THE LATEST labor data in October bared a mixed picture as unemployment inched up, but the ranks of those wanting more work thinned.
Dirty money watchdog tightens rules
THE ANTI-MONEY LAUNDERING Council (AMLC) is stepping up its watch on dirty money by requiring all reporting firms to identify and disclose ultimate owners of accounts or products.
It’s a go for fuel excise tax hike
A FRESH INCREASE in fuel excise tax will proceed as scheduled next month after President Rodrigo R. Duterte approved in a Cabinet meeting on Tuesday night his economic managers’ recommendation to scrap his order barely three weeks ago to suspend the hike, the state Budget chief told reporters.
Government dismantling REIT hurdles
GOVERNMENT MOVES to dismantle the two roadblocks to the establishment of real estate investment trusts (REIT) may finally kick-start their formation.
Traffic crisis bill bags final House OK
THE HOUSE of Representatives approved on third and final reading on Monday evening a measure designed to alleviate worsening traffic in three key urban centers in the country.
Asian central banks are in for a quieter year in 2019 — analyst
SINGAPORE -- For most of Asia’s central banks, things should be a whole lot less exciting next year -- and that’s a good thing.
Nov. factory reading best in 11 months
FACTORY ACTIVITY in the Philippines improved for the fourth straight month in November, marking the best performance in 11 months as production grew at the fastest clip in nearly two years amid slower inflation, according to the latest monthly survey IHS Markit conducted for Nikkei, Inc.