Rice tariff cuts to hurt collections, says Customs
THE BUREAU of Customs (BoC) expects the implementation of rice tariff cuts to hurt its revenue collection this year, its chief said.
“Definitely, there’s an...
‘More room to stay tight,’ BSP says
THE BANGKO SENTRAL ng Pilipinas (BSP) on Tuesday said there is “more room to stay tight” after better-than-expected gross domestic product (GDP) growth in the second quarter.
May FDI net inflows fall to 16-month low
NET INFLOWS of foreign direct investments (FDI) slipped to a 16-month low in May amid a decline in investments in equity capital, the Bangko Sentral ng Pilipinas (BSP) reported.
Peso strengthens to P56 level for 1st time since April
THE PESO strengthened on Tuesday to the P56-per-dollar level for the first time in four months, ahead of the central bank’s policy decision on Thursday.
Philippines needs 6-7% growth to achieve ‘A’ credit rating — Recto
THE PHILIPPINE ECONOMY must grow by an average of 6-7% in the next four years and meet its fiscal targets to achieve an “A”...
US, Japan keen on $15B Philippine projects as ties grow
The US and Japan are very interested to help fund at least $15 billion worth of projects on the Philippines’ main island, in signs...
PHL likely to grow by 6% this year
PHILIPPINE gross domestic product (GDP) growth is expected to average 6% this year, at the low end of the government’s 6-7% target, according to analysts.
Meralco rates to go up slightly this month
RESIDENTIAL CUSTOMERS in areas served by Manila Electric Co. (Meralco) will see a slight increase in their electricity bills this month due to the higher transmission charge.
Consumption may further weaken if inflation not addressed
THE PHILIPPINE government should focus on managing persistent inflation in the coming months to support household spending growth, analysts said.
27 new PPP projects added to gov’t pipeline
TWENTY-SEVEN public-private partnership (PPP) projects, including the P77.22-billion Bataan Harbour City project, have been added to the government’s pipeline as of end-July, government data...
Poll: BSP to cut rates by 25 bps on Aug. 15
THE BANGKO SENTRAL ng Pilipinas (BSP) may cut rates for the first time in nearly four years at its policy-setting meeting this week, according to a majority of analysts polled by BusinessWorld.
NG debt service bill drops by 25% in June
THE NATIONAL Government’s (NG) debt service bill fell by 25.25% in June as amortization payments declined, the Bureau of the Treasury (BTr) said.