Philippine manufacturing output peaks in August
By Abigail Marie P. Yraola, Researcher
Factory production expanded to 8.5% in August, its fastest pace this year, logging higher growth compared to the previous...
Zero tariff policy now extended to two-wheeled EVs, hybrid vehicles
THE NATIONAL Economic and Development Authority (NEDA) Board on Wednesday granted tax breaks for electric motorcycles (e-motorcycles), electric bicycles (e-bicycles) and hybrid electric vehicles (EVs), as the government seeks to further promote green transport and cut carbon emissions.
Remittances reach 7-month high in July
CASH remittances surged in July as overseas Filipino workers (OFWs) sent more money to their families amid higher inflation and borrowing costs.
This was the...
2024 BoP surplus narrows sharply
THE PHILIPPINES’ balance of payment (BoP) surplus sharply narrowed in 2024, falling short of the central bank’s full-year projection.
Agricultural production dips in 2022
AGRICULTURAL production shrank by 0.1% in 2022, marking the third straight year of contraction, as crops and fisheries output declined, the Philippine Statistics Authority (PSA) said on Wednesday.
Ponzi ghost seduces more Filipinos amid pandemic
CHRISTIA CARRYLE R. GAMBOA, 17, lost P43,000 ($900) after she was enticed to invest in a money-making scheme that promised to double her money in less than two weeks.
Bicol tops regions in economic growth
THE ECONOMY of Bicol Region grew the fastest among the 17 Philippine regions in 2018, exceeding the growth rate posted by the capital as well as the national average.
SEC strengthens stockholders’ right to inspect corporate records
The Securities and Exchange Commission (SEC) will investigate complaints against companies that refuse to allow stakeholders to inspect or reproduce corporate records.
The SEC issued...
Belt and Road forum highlights opportunities
A FORUM on China’s Belt and Road Initiative (BRI) on Friday highlighted opportunities and downplayed perceived risks in the Philippines’ participation in the scheme.
DBCC tweaks GDP growth targets
THE Development Budget Coordination Committee (DBCC) on Monday trimmed the economic growth target for this year to a range of 6-6.5% but widened the...
Central bank raises P100 billion in short-term bills
By Beatrice M. Laforga, Reporter
The Philippine central bank fully awarded the short-term securities it offered on Friday as tenders nearly doubled the program at...
Legislated wage hike won’t benefit 80% of workforce — business groups
INFORMAL WORKERS, which make up around 80% of the total workforce, are unlikely to benefit from the proposed P100 national wage hike, business groups...