BSP targets to complete a blueprint for cross-border payments this year
THE BANGKO SENTRAL ng Pilipinas (BSP) is targeting to complete a blueprint for instant cross-border payments this year, which is expected to be one...
Philippines held rates steady to hedge against uncertainty – Remolona
MANILA (UPDATE) - The Philippine central bank's decision to keep its key policy rate steady was its way of hedging against global uncertainties, its...
Infrastructure spending declines in December
INFRASTRUCTURE SPENDING slumped by nearly 20% in December, but still exceeded the full-year program, the Department of Budget and Management (DBM) said.
Latest data from...
S&P raises growth forecast for PHL
THE PHILIPPINES is likely to grow by 5% this year, boosted by the stronger-than-expected rebound in the third quarter, according to S&P Global Ratings.
Electoral risks heightened as more politicians deploy technology for campaigns
THE NATIONAL Telecommunications Commission (NTC) on Wednesday admitted it is “very difficult” to stop groups or individuals from using equipment such as text blast machines for political campaigns ahead of the May national elections.
ADB urges Philippine gov’t to broaden online tax take
THE PHILIPPINE government must consider expanding taxes for digital services and enhance revenue collection efforts, an Asian Development Bank (ADB) official said.
“We know with...
2020 budget on track in the Senate
THE PROPOSED P4.1-trillion national budget for 2020 is on track to enactment next month as the Senate on Monday began plenary deliberation on the spending plan, even as realignments flagged by Senator Panfilo M. Lacson pose some risk of prolonged discussions.
Trade gap narrows to 17-month low
THE PHILIPPINES’ trade deficit stood at $3.31 billion in October, the narrowest gap in 17 months, as exports growth continued to outpace imports, the...
SEC to allow cross-border publication of ASEAN capital market reports
THE SECURITIES AND EXCHANGE COMMISSION (SEC) has drafted guidelines as part of a regionwide move to allow capital market professionals from Association of Southeast Asian Nations (ASEAN) members to issue research reports outside their home countries.
Reclamation projects under Palace watch
MALACAÑANG -- which has cracked down on businesses polluting Boracay and Manila Bay -- has assumed closer oversight of reclamation projects by placing the agency responsible for them under its direct supervision.
Vehicle sales accelerate by 23% in February
New vehicle sales jumped by an annual 23.2% in February, the fastest growth in seven months, according to a joint report by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and the Truck Manufacturers Association (TMA).
Hot money posts net inflow of $153 million in August
Foreign portfolio investments registered a net inflow in August, marking the third straight month that foreign capital entered the country, the Bangko Sentral ng...