BSP sees April inflation at 3.5-4.3%
HEADLINE INFLATION may have accelerated further in April and possibly breached the 2-4% target, the Bangko Sentral ng Pilipinas (BSP) said.
House adopts Senate version of bill extending nat’l budget’s validity
A BILL that would extend the validity of the 2021 budget would skip the bicameral conference committee after the House of Representatives adopted the Senate version on Tuesday.
BoP posts $752-M deficit in January
MORE DOLLARS fled the country in January, resulting in a deficit in the balance of payments (BoP) as the country paid off foreign debt obligations, the Bangko Sentral ng Pilipinas (BSP) said.
BSP sees even faster Feb. inflation
INFLATION may have picked up further in February to settle above four percent as prices reflect the full impact of higher levies under the...
BIR confident of surpassing revenue target this year
THE BUREAU of Internal Revenue (BIR) is confident it will not just meet its revenue collection target, but exceed it this year.
“With all our...
Private sector support key to Team Philippines’ success at Tokyo Games
TEAM PHILIPPINES ended the Tokyo 2020 Olympic Games with a record haul of four medals, including the country’s first-ever gold won by weightlifter Hidilyn F. Diaz.
Missing piece of global economic growth jigsaw may be falling into place
HONG KONG -- A missing piece in the global growth jigsaw appears to be falling into place. Spurred by higher profits and buoyant stock...
Peso rises before Fed decision
THE PESO continued to rise against the dollar on Wednesday as markets looked ahead to the US Federal Reserve’s policy decision overnight, with focus...
Economists cite state spending anchor of Q3 GDP
FASTER third-quarter gross domestic product (GDP) growth expected to be reported on Nov. 7 will bear the clear imprint of government efforts to catch up with its expenditure plan, state and private sector economists said last week, even as the increase in spending was smaller than a year ago.
Poll: Inflation likely slowed in July
HEADLINE INFLATION likely fell to a near six-year low in July due to softer prices of food and fuel, analysts said.
GDP expansion seen to pick up, but S&P trims projections
THE ECONOMY stands a chance of still hitting the lower end of the government’s 6-7% growth forecast for this year, according to separate analyses by S&P Global Ratings as well as First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P) that bared expectations of “acceleration” this semester from the first half’s disappointing 5.5% clip.
High medicine costs expose widening gap between rich and poor Filipinos
KAREN NINA IBAÑEZ-DANAO, a 47-year-old homemaker, knows how expensive life-saving medications can be.