Analysts see improving foreign investment outlook for PHL
LOWER INTEREST RATES will help drive the entry of more foreign direct and portfolio investments into the Philippines, analysts said.
Faster consumption key to PHL hitting 2024 growth target, says S&P Global
FASTER PRIVATE CONSUMPTION will be crucial for the Philippine economy to hit its growth target this year, S&P Global Ratings said.
S&P Global economist...
Executive order on EV incentives eyed by yearend
A PROPOSED executive order (EO) on the Electric Vehicle (EV) Incentive Strategy will likely be endorsed to the office of President Ferdinand R. Marcos,...
Manufacturing growth steady in Aug.
FACTORY ACTIVITY in the Philippines expanded at a steady pace in August amid a “modest” improvement in operating conditions, with firms ramping up production, S&P Global said.
Delinquent companies can settle SEC fines at lower rates until Nov. 30
THE SECURITIES and Exchange Commission (SEC) has launched an incentive program that allows noncompliant and delinquent corporations to settle fines and penalties at “significantly” lower rates.
Regulator eyes collection of green energy auction allowance
THE ENERGY Regulatory Commission (ERC) is looking at collecting a green energy auction allowance (GEA-All) from on-grid consumers once the awarded renewable energy (RE) projects start supplying power to the grid.
Inflation likely eased to 3.7% in Aug.
HEADLINE INFLATION likely eased in August and returned to within the central bank’s 2-4% target band amid a drop in prices of rice and fuel, analysts said.
Bank lending growth hits 19-month high in July
BANK LENDING grew at its fastest pace in 19 months in July, preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed.
Hot money net inflows jump to $1.38B in July
MORE FOREIGN PORTFOLIO investments entered the country than left in July, reflecting higher investments in government securities, data from the Bangko Sentral ng Pilipinas...
Assets of Philippines’ biggest banks rose by 11% in Q2
THE COMBINED ASSETS of the Philippines’ biggest banks rose in the second quarter amid faster economic growth.
Philippines central bank sees August inflation at 3.2% to 4%
MANILA - Philippine inflation was likely to be within a 3.2% to 4.0% range in August, compared with an annual inflation rate of 4.4%...
Gov’t raises $2.5B from global bonds
THE GOVERNMENT has raised $2.5 billion from its sale of triple-tranche US dollar-denominated global bonds, its second foray into the international debt market this...