IMF says ‘tit-for-tat’ tariffs can hurt Asia’s growth
CEBU — “Tit-for-tat” retaliatory tariffs could hurt the growth outlook for the Asia-Pacific region, the International Monetary Fund (IMF) said.
“In a region like Asia,...
Philippine central bank says to stay hawkish for a while
Philippine central bank Governor Eli Remolona said monetary policy will remain “hawkish for a while” and authorities could resume tightening if inflation comes in...
BSP mulls floating debt notes
THE central bank will consider floating debt notes at a time of a significant surplus in the financial market, noting that future issuances will have to be coordinated with the national government to avoid crowding out Treasury papers.
ADB pares Philippine growth projection
THE ASIAN DEVELOPMENT BANK (ADB) has slashed its Philippine economic growth forecast for this year, citing impact of the four-month delay in 2019 national budget enactment and slowing export of goods and services -- although the country will still be the region’s third-fastest growing economy behind Vietnam and China.
Nestlé PHL makes new commitments to achieve net zero emissions
NESTLÉ PHILIPPINES, Inc. on Friday made new commitments to achieve net zero emissions not later than 2050, including reducing virgin plastics consumption by a third and cutting 30% of greenhouse gas (GHG) emissions in local operations by 2025.
PHL economy still strong, says S&P
S&P GLOBAL RATINGS continues to see strong credit rating prospects for the Philippines as it remains optimistic on the country’s growth fundamentals despite drags from the recent flood control corruption scandal.
NCR water rates to increase
CUSTOMERS of the two water concessionaires servicing the National Capital Region (NCR) will see an increase in their bills -- to take effect in mid-October -- as the water regulatory office factors in the impact of the weakening of the peso against foreign currencies, largely the US dollar and the Japanese yen.
PHL counted among economies that will benefit from tax reform
THE PHILIPPINES is one of few developing Asia-Pacific economies better-placed to benefit from tax reforms due to more effective debt management and state spending, according to a May 30 report of Moody’s Investors Service that was e-mailed to reporters on Thursday.
Economic team moves to stir US interest
ECONOMIC MANAGERS of President Rodrigo R. Duterte have made an investment pitch in New York, telling American investors to be part of the Philippines’...
High oil prices likely to keep inflation elevated
INFLATION may remain elevated amid an anticipated increase in global crude oil prices due to the planned output cut by the Organization of the...