Congress tackles bill to give Duterte special powers
CONGRESS on Monday sought to approve a measure that will give President Rodrigo R. Duterte special powers to address the national crisis triggered by the coronavirus disease 2019 (COVID-19) outbreak.
NEDA weighs impact of fare hike on inflation
A PESO increase in transport fares could add 0.3 percentage point (ppt) to inflation, National Economic and Development Authority (NEDA) Undersecretary Rosemarie G. Edillon told the hearing.
Shares recover on bargain hunting after sell-off
PHILIPPINE STOCKS rebounded on Thursday as investors took advantage of lower valuations following the market’s slide amid the ongoing conflict in the Middle East.
The...
Credit growth further slows in July
CREDIT GROWTH slowed for a fourth straight month in July, as high interest rates took its toll, Bangko Sentral ng Pilipinas (BSP) data showed.
BSP cuts key rate amid growth slump
THE BANGKO SENTRAL ng Pilipinas (BSP) lowered its key policy rate by 25 basis points (bps) for a sixth straight meeting, a move seen to help the economy regain its momentum following a slowdown last year.
PHL may attract oil traders after loss of refining sector
MORE oil traders might see the Philippine downstream market attractive with the impending loss of its oil refining industry, according to an oil executive.
Shares slide as market turns cautious before CPI
PHILIPPINE STOCKS slid anew on Monday, snapping a three-day climb as investors pocketed their profits and took a cautious stance before the release of...
IMF slashes 2019 Philippine growth forecast as well
THE INTERNATIONAL MONETARY FUND (IMF) has downgraded its economic growth forecast for the Philippines in 2019, over the worsening trade conflict between the US and China.
PHL manufacturing output expands in August
FACTORY OUTPUT expanded in August, driven by higher production of food products, machinery and equipment, and a slower annual decline in basic metals, the Philippine Statistics Authority (PSA) reported.
Local automakers interested in participating in RACE program
LOCAL AUTOMAKERS have also expressed interest in participating in the Revitalizing the Automotive Industry for Competitiveness Enhancement (RACE) program, the Department of Trade and Industry (DTI) said.
Rules eased to boost MSME lending
THE Bangko Sentral ng Pilipinas (BSP) is implementing measures that will allow banks to continue providing credit for micro, small, and medium-sized enterprises (MSMEs) that are struggling amid the coronavirus disease 2019 (COVID-19) pandemic.
Inflation to hit peak in 3rd quarter
INFLATION is expected to keep rising to hit a peak in July to September, the Bangko Sentral ng Pilipinas (BSP) said, but maintained that...