Remolona wants further RRR cuts
THE BANGKO SENTRAL ng Pilipinas (BSP) intends to further reduce the amount of cash that banks must have in reserve, but analysts said it...
Red tape poses challenge for foreign investors, says German ambassador
BUREAUCRATIC RED TAPE and foreign ownership restrictions remain some of the challenges facing foreign investors in the Philippines, Germany’s ambassador to the Philippine said on Tuesday.
Higher rates won’t kill growth — BSP
THE BANGKO Sentral ng Pilipinas (BSP) has room to further hike interest rates without “killing” economic recovery, according to its governor.
BoI OK’s more pledges as of May
THE BOARD of Investments (BoI) approved nearly a fifth more committed investments in the five months to May from a year ago, with foreign pledges alone growing by close to a third in value terms in the same period, the agency said in a press release on Thursday.
Car importers question petition for safeguards
THE LEGAL representatives of industry groups affected by safeguard duties on car imports are questioning the validity of the petition for the protection measure filed by a labor group.
No need for BSP to move in tandem with the Fed
THE BANGKO Sentral ng Pilipinas (BSP) sees the policy moves of the US Federal Reserve carrying less weight in its own decision making as addressing still-elevated domestic inflation is more important, an official said on Thursday.
SSS sees no need for future contribution rate hikes
THE SOCIAL Security System (SSS) does not see the need for further increases in its contribution rate as the last tranche of hikes would...
Gov’t eyes P60 billion from POGO taxes in 2 years
THE GOVERNMENT is targeting to collect around P60 billion from new taxes on Philippine Offshore Gaming Operators (POGOs) and its employees in the first two years of implementation, according to a senator.
Diokno: Current policy rate remains ‘appropriate’
THE aggressive policy easing fired off by the central bank this year will be “appropriate” as the economy faces challenges brought by the coronavirus disease 2019 (COVID-19) pandemic, according to Bangko Sentral ng Pilipinas Governor Benjamin E. Diokno.
Inflation eases sharply in February
By Luisa Maria Jacinta C. Jocson, Reporter
HEADLINE INFLATION sharply decelerated in February to its slowest print in five months, preliminary data from the Philippine...
Infrastructure spending jumps 23%
STATE SPENDING on infrastructure rose by 23.1% in the first two months of 2025, as the government ramped up disbursements for public works projects ahead of the election ban, the Department of Budget and Management (DBM) said.
Philippines falls to its worst good governance index ranking in 3 years
THE PHILIPPINES’ ranking in a global good governance index dropped four spots to 67th out of 100 countries — its worst showing in three years — as it scored lower in several indicators including leadership and foresight.