Southeast Asia faces long road back to previous growth — survey
The prolonged COVID-19 pandemic is clouding economic projections for Southeast Asia, with most countries not expected to return to pre-pandemic growth levels for several...
Tax reform undergoes birth pangs
THE RECENTLY ENACTED first of up to five planned tax reform packages may help the government undertake an P8.44-trillion infrastructure development drive, but not...
Asia’s central banks face biggest challenge
SINGAPORE -- Bank of Japan Governor Haruhiko Kuroda says it’s the most significant challenge facing his economy.
Bank of Korea Governor Lee Ju-yeol says it’ll...
Inflation may breach BSP target by 2nd half
INFLATION could breach the central bank’s 2-4% target in the second half due to the surge in global oil prices, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said on Tuesday.
Central bankers weigh in on trade war threat
CENTRAL BANKERS around the world are grappling with the prospect of a global trade war sparked by US President Donald Trump’s plan to slap...
SEC may require submission of corporate governance reports
PUBLIC COMPANIES and registered issuers will soon be required to submit corporate governance reports annually to the Securities and Exchange Commission (SEC).
Study cites PHL’s digital economy potential
POTENTIAL for developing the Internet economy in the Philippines remains the biggest in Southeast Asia, according to an annual Google-led report that said the region can be expected to breach the $100-billion mark in gross merchandise value (GMV) this year.
AMRO raises PHL growth forecast for 2022
THE ASEAN+3 Macroeconomic Research Office (AMRO) raised its growth projection for the Philippines this year amid the further reopening of the economy and rising inflation.
Manufacturing output expands for 4th straight month
THE COUNTRY’S factory output expanded for the fourth straight month in July, the Philippine Statistics Authority (PSA) reported on Thursday.
DBCC flags banks’ concentration risk
THE Development Budget Coordination Committee (DBCC) said there is a need to monitor concentration risks arising from banks’ investments in government securities as well as recent efforts to boost domestic liquidity amid the pandemic.
PLDT says it will cut capex starting 2023
PLDT INC. on Thursday said it will cut its capital expenditure budget starting next year, as it grapples with the fallout from the P48-billion...
MB cuts rates, adjusts inflation forecasts
THE CENTRAL BANK’s Monetary Board (MB) on Thursday cut benchmark interest rates by 25 basis points (bps) in its third policy review for the year, hours after the Philippine Statistics Authority (PSA) reported that the economy grew at the slowest clip in four years last quarter and two days after the PSA said inflation eased to the slowest pace in 16 months in April.