BSP may still cut banks’ reserve requirement ratio before yearend
THE Philippine central bank may still lower the banks’ reserve requirement ratio (RRR) before the end of the year.
PSEi may rise further before inflation, labor data
SHARES may continue to climb this week on bargain hunting and as investors await the release of Philippine inflation and labor data.
On Friday, the...
Top tycoons’ fortunes dive as economy tanks
THE country’s richest are also feeling the pinch from the coronavirus disease 2019 (COVID-19) pandemic and the economic slowdown, as Forbes reported the collective...
IT-BPO workers want WFH arrangements indefinitely
INFORMATION TECHNOLOGY-business process outsourcing (IT-BPO) firms and other registered enterprises should be allowed to continue work-from-home (WFH) arrangements indefinitely, according to a group of IT-BPO workers.
PHL external debt jumps to $149B
THE PHILIPPINES’ outstanding external debt jumped to a record $148.87 billion as of end-June amid the weakening of the US dollar, the Bangko Sentral...
SEC eyes release of new REIT rules by September
THE Securities and Exchange Commission (SEC) targets to release the final guidelines for real estate investment trusts (REIT) by September, while remaining optimistic that the first such product will be launched within the year.
Employers group hopes for investor recovery in 2026
THE Employers Confederation of the Philippines (ECoP) expects economic growth to fall below 5% this year amid weak investor confidence, but noted that prospects...
House realigns P65B in 2022 budget
THE HOUSE of Representatives has realigned P65.5 billion of the proposed 2022 national budget to fund the procurement of coronavirus disease 2019 (COVID-19) vaccine booster shots, assistance for displaced workers and the downpayment for C-130 aircraft for the military.
Bond markets to remain on fire as global coronavirus crisis intensifies
INVESTORS will probably continue buying bonds for the rest of the year as the market remains awash with cash, the yield of 10-year bonds is at a 13-year low and players return to safety amid uncertainty about how deep and long a coronavirus-induced recession might be.
Fiscal gap shrinks as spending slows
THE Philippines’ budget deficit narrowed in September, the Bureau of the Treasury (BTr) said on Thursday, as corruption probes into flood control projects slowed government spending.
Sept. trade deficit narrows to $4.8 billion
The country’s balance of trade deficit narrowed in September after imports growth slowed to a 19-month low while exports ended its two-month slump, the...
Maharlika investment fund CEO aims to double war chest in two years
The Philippines’ first-ever sovereign wealth fund will seek to double its investible capital to P250 billion ($4.5 billion) in two years to bankroll local...