Philippine wealth fund to prioritize energy projects
THE PHILIPPINE energy sector will take the bulk of the initial investments of the country’s first sovereign wealth fund, according to the head of...
DBCC to review macroeconomic assumptions, growth targets
THE DEVELOPMENT Budget Coordination Committee (DBCC) is set to review the government’s macroeconomic assumptions and growth targets at its meeting on Monday.
Top 1000 firms show PHL growth story intact
By Leo Jaymar G. Uy
Research Head
THE NARRATIVE on the Philippines’ robust economic growth remains intact, judging from the strong earnings performance of the country’s...
BSP has room to raise rates — IMF
THE BANGKO SENTRAL ng Pilipinas (BSP) has room to raise rates without derailing economic recovery, the International Monetary Fund (IMF) said.
‘Too many’ populist moves, former state economic planner warns
A FORMER state economic planner has cautioned against populist measures that could harm the country’s fiscal health.
Import bill drops fastest in more than seven years in October
LATEST government trade data showed imports declining at their fastest pace in seven-and-a-half years in October while exports were flat, the Philippine Statistics Authority (PSA) reported on Tuesday.
ADB keeps 6% PHL growth outlook
THE Asian Development Bank (ADB) kept its 6% growth forecast for the Philippines this year, although it expects global headwinds, elevated inflation and tighter...
PEZA investment approvals surge
THE PHILIPPINE Economic Zone Authority (PEZA) approved investments worth P140.89 billion so far this year, more than double from a year ago, its top...
Fewer banks tightened lending standards in Q3
LENDERS generally kept strict lending standards in the third quarter, but fewer banks tightened their lending rules, based on a survey conducted by the Bangko Sentral ng Pilipinas (BSP).
Cash remittances up 3% in March
MONEY SENT HOME by overseas Filipinos jumped by 3% in March amid the improving economic outlook in host countries.
Data released by the Bangko Sentral...
Wholesale prices rise 8.2% in September
WHOLESALE PRICES of general goods picked up in September, reflecting possible second-round effects from inflation, and the peso depreciation against the US dollar.
Duterte threat vs telcos weighs on investor sentiment
INVESTOR sentiment against Globe Telecom, Inc. and PLDT, Inc. is turning negative after President Rodrigo R. Duterte threatened to shut down the telecommunications giants if they fail to improve services by December, analysts said.