Delta poses risk to construction rebound
THE Philippine construction sector is expected to rebound “strongly” this year, but the outlook is threatened by the Delta-driven surge in coronavirus disease 2019 (COVID-19) infections and stricter lockdowns, Fitch Solutions Country Risk & Industry Research said.
Peso weakens on Fed concerns
THE PESO dropped against the dollar on Tuesday as US President Donald J. Trump’s move to fire a Federal Reserve official sparked renewed concerns...
Sy siblings still richest; Razon moves to 2nd spot
THE SY SIBLINGS remained on top of the Forbes list of the Philippines’ 50 richest this year, while ports and casino tycoon Enrique K. Razon, Jr. climbed to second spot.
No turning point in sight as IMF predicts sluggish global growth
WASHINGTON/DAVOS — Global growth appears to have bottomed out but there is no rebound in sight and risks ranging from trade tensions to climate shocks makes the outlook uncertain, a top International Monetary Fund (IMF) official said on Monday.
Bank lending falls for 6th straight month
BANK LENDING continued to decline but at a slower pace in May as banks and borrowers remained cautious amid the pandemic, while liquidity growth remained steady.
Infrastructure spending picks up amid concerns
By Elijah Joseph C. Tubayan and Ian Nicolas P. Cigaral, Reporters
STATE infrastructure and other capital outlays surged in May, according to the Department of...
House panel OK’s P1.3-T stimulus bill
THE House of Representatives’ Defeat COVID-19 Committee on Tuesday approved a P1.3-trillion economic stimulus package that aims to help industries affected by the coronavirus crisis.
NG debt service bill surges to P2.02-T in 2024
THE NATIONAL GOVERNMENT (NG) debt service payments surged to P2.02 trillion in 2024 as both interest and amortization payments increased, the Bureau of the...
DoE issues fresh ‘open access’ guidelines
A CIRCULAR of the Department of Energy (DoE) that gives retail electricity users a choice of suppliers has taken effect, prodding the retail competition and open access (RCOA) scheme forward.
Q1 GDP growth slowest in 4 years
PHILIPPINE gross domestic product (GDP) grew by 5.6% in the first quarter, its worst performance in four years, the Philippine Statistics Authority reported on Thursday.
DBCC won’t revise target ‘for now,’ says Balisacan
THE Development Budget Coordination Committee (DBCC) is not planning to revise next year’s growth target “for now,” National Economic and Development Authority (NEDA) Secretary Arsenio M. Balisacan said.
Think tank flags ‘political uncertainty’
“POLITICAL UNCERTAINTY” in the Philippines could make investors think twice about placing bets here, in turn weighing on overall growth prospects, a London-based research...