Relaxing foreign currency deposits secrecy may boost investor confidence, analysts say
ALLOWING authorities to scrutinize foreign currency deposits when investigating illegal financial transactions is a “welcome move” and could help the Philippines attract more investments if implemented properly, analysts said.
Philippine remittances seen to keep momentum despite new US tax
OVERSEAS Filipino workers’ (OFW) remittances are expected to remain stable this year despite the United States’ move to charge a 1% tax on cash transfers to foreign countries, analysts said.
BSP easing may continue as weak growth drags
THE BANGKO SENTRAL ng Pilipinas (BSP) may further ease this year as the corruption scandal may continue to dampen government spending and economic growth,...
PSE chief eyes four IPOs this year
THE Philippine Stock Exchange (PSE) is setting a modest target of about four initial public offerings (IPOs) this year, underscoring the cautious pipeline for...
Peso slips vs dollar as markets eye Fed policy path
THE PESO slipped against the dollar on Monday as markets keep a close eye on the US Federal Reserve, with data showing it could...
PSEi soars to 6,400 level on BSP rate cut hopes
THE MAIN INDEX soared to the 6,400 level on Monday to hit a near six-month high amid growing hopes for another rate cut from...
Meralco rates go down in January
OVER EIGHT MILLION customers of Manila Electric Co. (Meralco) will see lower electricity bills this month as the power distributor announced a rate cut...
Wage hike for domestic workers eyed
PHILIPPINE WAGE regulators opened talks on a possible increase in the minimum pay for domestic workers in Metro Manila, a move that could raise household costs for millions of families even as authorities grapple with weak compliance and uneven ability to pay.
‘Tiis ganda no more?’ Filipinos’ digital patience may wane over time
FILIPINOS have the second-highest level of digital patience among seven Asia-Pacific countries, but this could shorten over time as more brands compete in the digital space, according to a US-based customer engagement platform Twilio.
Philippine FDI net inflows plunge nearly 40% in October
NET INFLOWS of foreign direct investments (FDI) into the Philippines plunged nearly 40% year on year in October, as foreigners’ net investments in debt instruments slumped.
Chito Sobrepeña, public servant and former Metrobank Foundation head, dies at 72
ANICETO "Chito" M. Sobrepeña, a former Cabinet Secretary who was also a long-time president of Metrobank Foundation, Inc. (MBFI), the corporate social responsibility arm...
Why is the Philippine peso so weak and who benefits?
In early January, the Philippine peso slid to 59.38 per dollar — its weakest level on record. While it has since recouped some losses,...