More foreign investments in RE projects expected
THE Philippines’ efforts to replace coal with renewable energy (RE) will likely get a boost after the Department of Justice (DoJ) issued a legal opinion stating that RE investments are not subject to foreign ownership restrictions.
Marcos gov’t mulls next move on rail projects
THE MARCOS administration now faces the challenge of securing funding for the three major railway projects after the government canceled its applications for loans from China.
Central bank sees high probability inflation may breach target band
UPSIDE RISKS to the inflation outlook are seen to persist this year, mainly coming from elevated transport, food, electricity and oil prices, the Bangko...
Online sellers of ‘sin’ products should check customers’ ages — DTI
ONLINE vendors should make sure cigarettes and alcoholic beverages are sold only to customers over the age of 18, the Trade department said on Monday as the government considers a ban on online sales of the so-called “sin” products.
Implementation of short selling may be ‘challenging’
THE much-awaited implementation of short selling may face challenges, as the local stock market is still “very illiquid” and remains small compared with other markets, experts said.
SSS looking at overseas investments to help support payments
THE Social Security System (SSS) is looking to invest overseas in order to diversify its asset base and raise additional income to fund pension...
COVID-19 ranks among leading causes of death in 2020 — PSA
CORONAVIRUS DISEASE 2019 (COVID-19) was among the leading causes of death in the Philippines last year, preliminary data from the Philippine Statistics Authority (PSA) showed.
BoC fuel marking program raises P60B in Q1
THE Bureau of Customs (BoC) on Monday said it has collected P60.15 billion in duties and taxes from its fuel marking program in the first quarter of 2022.
Meralco rates up by P2 per kWh in July as power costs ‘normalize’
HOUSEHOLDS SERVED by Manila Electric Co. (Meralco) will face higher power bills this month as rates go up by more than P2 per kilowatt-hour (kWh) due to a normalization in power costs.
Philippine GDP shrinks by record 9.5% in 2020
THE PHILIPPINE ECONOMY suffered its worst annual contraction on record in 2020, even after gross domestic product (GDP) shrank by a slower pace in the fourth quarter, the statistics agency said on Thursday.
ASEAN, Australia agree on infra dev’t
SYDNEY -- Australia and the Association of Southeast Asian Nations (ASEAN) agreed during a weekend summit in Sydney to establish a regional infrastructure pipeline,...
Bankers support BSP’s post-LIBOR initiatives
THE Philippines needs to enhance its benchmarks and form a credible yield curve based on actively traded securities to further develop its capital markets.
This...