PHL can’t handle ‘fast’ transition to renewable energy — Balisacan
THE PHILIPPINE ECONOMY cannot handle a “fast” transition to a dominantly renewable energy (RE) mix, according to the National Economic and Development Authority (NEDA).
China and ASEAN, hit by US tariffs, sign upgraded free trade pact
KUALA LUMPUR - The ASEAN bloc of Southeast Asian nations and China on Tuesday signed an upgrade to their free trade agreement, which includes...
More banks signal intent to sell NPAs
ANOTHER asset management company (AMC) has been given regulatory approval to buy banks’ bad assets amid the pandemic.
Inflation further eases to 3.9% in December
By Keisha B. Ta-asan, Reporter
Inflation slowed to 3.9% in December, settling within the central bank's 2-4% target range for the first time in nearly...
PHL moves up ‘Doing Business’ rank
DOING BUSINESS in the Philippines is easier now thanks to recent reforms, according to the World Bank Doing Business 2020 report.
November FDI flows sustain rally
FOREIGN DIRECT INVESTMENTS (FDI) continued to recover for the second straight month in November after months of drought, though still down during the 11-month period from a year earlier, according to the Philippine central bank.
Hot money leaves PHL in February
MORE foreign funds left the Philippines in February compared to a year ago, reversing from January’s net inflows, in the face of uncertainties in...
Penalties for motorists without RFID to be implemented by March
MOTORISTS passing through expressways without electronic toll collection (ETC) devices or radio frequency identification (RFID) tags would be fined starting March, the Toll Regulatory Board (TRB) said.
BIR misses end-July collection goal by 8%
THE BUREAU of Internal Revenue (BIR) fell short of its end-July collection target by 8.2%, data from the Department of Finance (DoF) showed.
Preliminary data...
AMRO cuts PHL growth forecast anew
THE ASEAN+3 Macroeconomic Research Office (AMRO) has slashed its gross domestic product (GDP) growth forecast for the Philippines this year and 2020, due to “heightened uncertainties in the external environment.”
Palay, corn output seen up 10%
PALAY output is expected to rise 10.11% to a record 19.409 million metric tons (MT) this year, the Philippine Statistics Authority (PSA) said in...
NCR wage hike unlikely to hurt economy — NEDA
THE NATIONAL Economic and Development Authority (NEDA) on Tuesday said the wage hike in Metro Manila would have little-to-no impact on growth targets, adding that it could be offset by an investment-driven expansion of the economy.