Gov’t expects 3rd telco player by June
THE COUNTRY can expect a third major telecommunications service provider to be named by June, even as the government continues to fine-tune selection criteria.
The...
ADB lends Philippines $1.5B to fight coronavirus
THE Asian Development Bank (ADB) has approved a record $1.5 billion loan for the Philippine government to fund its fight against the coronavirus disease 2019 (COVID-19).
OECD trims PHL growth forecast for this year
THE Organisation for Economic Co-operation and Development (OECD) trimmed its gross domestic product (GDP) growth forecast for the Philippines for this year.
In its latest...
Moody’s affirms PHL credit rating
MOODY’S INVESTORS SERVICE on Thursday kept the Philippines’ “Baa2” credit rating with a “stable” outlook, as economic recovery is unlikely to be hampered by “challenging global credit conditions.”
Okada sues family in bid to retake gambling empire
TOKYO -- Japanese casino and slot machine tycoon Kazuo Okada has filed a lawsuit against his son, daughter and wife in Hong Kong in...
Contributing to sovereign wealth fund could undermine BSP’s independence, analysts say
REQUIRING the Bangko Sentral ng Pilipinas (BSP) to contribute its annual dividends to the Maharlika Wealth Fund (MWF) could undermine its integrity, analysts said.
Farm output fails to hit gov’t target
PHILIPPINE agriculture output grew less than a percent in 2019, failing to meet the government’s target as the African Swine Fever (ASF) outbreak dragged the livestock sector.
Q1 FDI pledges grow more than threefold
FOREIGN direct investment (FDI) commitments grew more than threefold last quarter, the Philippine Statistics Authority (PSA) reported on Thursday.
GDP growth may fall below target in 2024, 2025 — BSP
PHILIPPINE economic growth may fall below the government’s target this year and in 2025, as high interest rates dampen domestic demand, the Bangko Sentral...
Bigger WESM charge pushes up Meralco bills
THE MANILA ELECTRIC CO. (Meralco) said on Thursday that electricity rates in November will increase by P0.4717 per kilowatt-hour (/kWh) as the power generation charge rose during the month.
February inflation may exceed goal — BSP
By Luz Wendy T. Noble, Reporter
Inflation is expected to quicken to as fast as 5.1% in February amid rising fuel and food prices, Philippine central bank Governor Benjamin E....
Bank chiefs offer optimistic outlook despite uncertainty
PHILIPPINE banks are optimistic about the outlook for business recovery this year despite uncertainty arising from the Russia-Ukraine war and the upcoming election.