Meralco bills to go up in March
MANILA Electric Co. (Meralco) is raising its rates this month, but the country’s largest distribution utility said only P0.85 out of the P0.97-per-kilowatt-hour (kWh)...
Vietnam 2025 rice exports seen falling 11.5% on Philippines import ban
HANOI - Vietnam's rice exports are forecast to fall 11.5% this year to around 8 million metric tons due to a sharp fall in...
Home prices fall for 1st time in 3 years
HOUSING PRICES nationwide declined in the third quarter, the first contraction in over three years, data from the Bangko Sentral ng Pilipinas (BSP) showed.
The...
Government unveils 10-yr. jobs masterplan
THE PHILIPPINE government on Monday launched a 10-year employment masterplan, which is targeting to increase the labor force participation rate (LFPR) to 68.2% by...
Central bank chief Espenilla passes away
By Melissa Luz T. Lopez, Senior Reporter
BANGKO SENTRAL ng Pilipinas (BSP) Governor Nestor A. Espenilla, Jr. passed away on Saturday, Feb. 23. He was 60.
The central bank's Corporate Affairs Office...
GDP growth moderated in Q4 — poll
THE PHILIPPINES’ gross domestic product (GDP) growth is expected to have moderated in the fourth quarter of 2021, even as the more relaxed quarantine restrictions spurred economic activity.
DoJ seeks freeze of lawmakers’ accounts over flood scam
The Department of Justice (DoJ) has recommended the freezing of bank accounts of lawmakers accused of getting kickbacks from anomalous flood control projects in Bulacan, Justice Secretary Jesus Crispin C. Remulla told senators on Tuesday.
Corporate regulator wants listed firms to disclose related party transactions
THE SECURITIES and Exchange Commission (SEC) wants publicly listed companies (PLC) to disclose material related party transactions (RPT) as part of efforts to better protect minority investors and improve corporate governance.
Fewer banks tightened lending standards in Q3
LENDERS generally kept strict lending standards in the third quarter, but fewer banks tightened their lending rules, based on a survey conducted by the Bangko Sentral ng Pilipinas (BSP).
Congress targets 2019 budget ratification today
BOTH CHAMBERS of Congress will hold sessions today in a last-minute attempt to ratify the proposed P3.757-trillion national budget for 2019 despite lingering questions on perceived irregular fund “insertions.”
DBCC to check assumptions anew
THE INTERAGENCY Development Budget Coordination Committee (DBCC) plans to meet again on Aug. 27 to consider “new” macroeconomic assumptions like inflation, the central bank chief said on Tuesday.
Electricity rates down for fourth straight month
ELECTRICITY RATES in Metro Manila slipped this month, with typical households likely to see a P41 cut in their total bills, according to Manila Electric Co. (Meralco).