Digital bank deposits hit P100B for the first time
THE Philippine banking system’s total deposits rose by 5.4% year on year to over P20 trillion as of the first quarter, the latest data from the Bangko Sentral ng Pilipinas (BSP) showed, as digital bank deposits surpassed the P100-billion mark for the first time.
SEC considers tiered public float for IPOs
THE Securities and Exchange Commission (SEC) is looking at a tiered approach for the minimum public float requirement of companies seeking to list on the stock exchange, its chairperson said.
Philippines trade talks yield modest tariff shift after Trump-Marcos meeting
WASHINGTON - US President Donald Trump announced on Tuesday a new 19% tariff rate for goods from the Philippines after what he called a...
US tariffs, trade tensions to slow growth in developing Asia and Pacific, ADB says
MANILA - Higher US tariffs and trade uncertainty have worsened the economic outlook for developing Asia and the Pacific, the Asian Development Bank said...
Philippine exporters to face ‘hard climb’ with 19% US tariff
A US TARIFF of 19% on Philippine goods will likely undermine the competitiveness of local exporters compared with those in neighboring Southeast Asian countries, analysts said.
ADB, AMRO slash PHL growth forecasts for 2025, 2026
A GLOBAL SLOWDOWN and higher US tariffs have clouded the growth outlook for the Philippines, as the Asian Development Bank (ADB) and ASEAN+3 Macroeconomic...
Trump sets 19% tariff on PHL goods
US PRESIDENT Donald J. Trump on Tuesday announced he was imposing a new 19% tariff rate for goods from the Philippines, following a meeting with President Ferdinand R. Marcos, Jr. at the White House.
Philippines to tap GCash to sell bite-sized bonds to attract more investors
THE PHILIPPINES is tapping mobile wallet GCash to sell small-denominated government securities, according to the Bureau of the Treasury (BTr), seeking to broaden the...
Gov’t vows to protect local industries as it finalizes US trade deal
THE GOVERNMENT on Thursday said that the details of the US-Philippines deal concerning the US reciprocal tariff are still being finalized but noted that...
Marcos secures $21B in investment pledges
PRESIDENT Ferdinand R. Marcos, Jr. secured over $21 billion in investment pledges from US companies during his official visit to Washington.
“We return to the...
NG budget deficit balloons in June
THE NATIONAL Government’s (NG) budget deficit ballooned to P241.6 billion in June as state spending outpaced revenue collections, the Bureau of the Treasury (BTr)...
Online gambling boom sparks calls for ban in Philippines
MANILA — Before helping fellow gamblers quit the roulette wheel or forgo the glory of a royal flush in poker, Filipino Reagan Praferosa fought...