DTI confident PHL will not be affected by US tariffs
DEPARTMENT of Trade and Industry (DTI) Secretary Ma. Cristina A. Roque on Thursday expressed confidence the Philippines will not be affected by reciprocal tariffs to be imposed by US President Donald J. Trump.
PHL projected to grow 6% this year
THE PHILIPPINES’ gross domestic product (GDP) is projected to grow faster this year as easing inflation will help boost “revenge spending,” analysts said.
First Metro...
Jobless rate eases from record level
THE COUNTRY’S unemployment and underemployment rates declined in July compared with those seen in April as lockdown restrictions were gradually eased.
Philippines woos companies to help fund $43 billion worth of projects
THE PHILIPPINES is reviving a push for companies to help fund infrastructure from airports to bus lanes now worth $43 billion, aiming to keep...
PHL banks’ loans to MSMEs still below quota
PHILIPPINE BANKS once again failed to meet the mandated lending quota for micro, small and medium enterprises (MSMEs), data from the central bank showed.
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PHL growth view steady despite inflation
THE ASIAN Development Bank (ADB) retained its growth forecasts for the Philippines despite faster projected inflation in its Asian Development Outlook Supplement published on Thursday.
Gov’t awards Bulacan airport project to San Miguel
THE DEPARTMENT of Transportation (DoTr) awarded on Wednesday the P734-billion Bulacan airport project to private proponent San Miguel Holdings Corp.
More foreign investments in RE projects expected
THE Philippines’ efforts to replace coal with renewable energy (RE) will likely get a boost after the Department of Justice (DoJ) issued a legal opinion stating that RE investments are not subject to foreign ownership restrictions.
Philippines wealth fund won’t affect BSP mandate, Medalla says
The Philippine central bank’s ability to rein in inflation will remain unhampered despite a proposal for the monetary authority to contribute to a wealth...
PHL leads SE Asian factory activity for 2nd month
THE PHILIPPINE manufacturing sector led peers in the Association of Southeast Asian Nations (ASEAN) in terms of improved business conditions for the second straight...
Exporters say new BIR issuances to cripple industry
TWO ISSUANCES by the Bureau of Internal Revenue (BIR) adopting a tax refund scheme for raw materials and sweetened drinks shipped outside the country will be detrimental for the exports industry, especially for small players, the chairman of an industry group said.
Gov’t debt service bill jumps by 33% in July
THE National Government’s (NG) debt service bill increased by 33% in July as the government ramped up interest payments, the Bureau of the Treasury...