Philippine property developers unfazed by gov’t ban on POGOs
LOCAL PROPERTY DEVELOPERS are unfazed by the government’s ban on Philippine offshore gaming operators (POGO), saying that it has minimum or no effect on their office and residential businesses.
BPI raises P33.7 billion from SEED Bonds
BANK of the Philippine Islands (BPI) raised P33.7 billion from its offering of 1.5-year Sustainable, Environmental, and Equitable Development (SEED) Bonds, well above its...
Philippines’ GCash eyes digital bank license
The company behind the Philippines’ top mobile wallet GCash may seek a digital banking license as it boosts its lending business after Japan’s biggest...
PHL surprises with 6.3% GDP growth
THE PHILIPPINE ECONOMY expanded faster than expected in the second quarter, as higher government spending and investments offset “anemic” household consumption, government data showed.
BSP to grant licenses for four more digital banks
THE BANGKO SENTRAL ng Pilipinas (BSP) will allow four more digital banks to operate in the country starting next year, it said on Thursday.
Sy siblings still richest; Razon moves to 2nd spot
THE SY SIBLINGS remained on top of the Forbes list of the Philippines’ 50 richest this year, while ports and casino tycoon Enrique K. Razon, Jr. climbed to second spot.
Vehicle sales jump 6.1% in July amid new launches and better supply
VEHICLE SALES in the Philippines jumped by an annual 6.1% in July, driven by new launches and supply availability, according to an industry report.
Philippines Q2 GDP rises 6.3% year on year, just above forecasts
MANILA - The Philippine economy grew 6.3% in the second quarter from a year earlier, driven by government spending and investment, the statistics agency...
Q2 agricultural output falls by 3.3%
THE PHILIPPINES’ agricultural output fell in the second quarter, as the crops and livestock sector continued to bear the brunt of the El Niño weather phenomenon.
June jobless rate falls to lowest in two decades
THE UNEMPLOYMENT RATE in June fell to 3.1%, the lowest in two decades, as hiring in the construction sector surged, the Philippine Statistics Authority...
Forex buffer hits over 2-year high of $105.6B
THE COUNTRY’S gross international reserves (GIR) jumped to $105.65 billion as of end-July, its highest level in over two years, the Bangko Sentral ng Pilipinas (BSP) said.
First-quarter GDP growth revised upwards to 5.8%
THE PHILIPPINE ECONOMY grew slightly faster than initially reported in the first quarter, the Philippine Statistics Authority (PSA) said on Wednesday.
The PSA said in...