FDI drops for 1st time in 8 months
FOREIGN DIRECT investment (FDI) inflows declined for the first time in eight months in January, as the Omicron-driven surge in coronavirus infections and tighter restrictions dampened investor sentiment.
Stocks plummet on coronavirus fears
THE STOCK MARKET on Thursday plunged nearly 10% to its lowest since 2012 as investors headed for the exit amid deepening fears over the coronavirus disease 2019 (COVID-19) outbreak.
PHL improves in budget transparency
THE PHILIPPINES saw an improvement in its budget transparency score in the 2023 Open Budget Survey (OBS), making it the “most fiscally transparent” country...
BTr eyes less December borrowing
By Aaron Michael C. Sy, Reporter
THE PHILIPPINE government plans to borrow less from the domestic market next month, the Bureau of the Treasury (BTr)...
Manufacturing pain spreads through Asia; more stimulus seen
HONG KONG -- Asian factory activity contracted further in July, fueling worries that a Sino-US trade war and a slowdown in China could tilt the world towards a global recession, which central banks will have to fight with depleted ammunition.
Most billionaires got richer amid pandemic — Forbes
MANY BILLIONAIRES around the world, including the Philippines, became richer even as many economies suffered due to the coronavirus pandemic, according to Forbes.
Central bank likely to raise policy rates in March
By Melissa Luz T. Lopez, Senior Reporter
THERE is little room for the Bangko Sentral ng Pilipinas (BSP) to keep interest rates steady as inflation...
Foreign investment pledges surge in Q3
FOREIGN INVESTMENT pledges approved by investment promotion agencies (IPAs) more than doubled in the third quarter from the same period a year ago, the...
Wage hikes, fare increases likely to push inflation beyond target
HIGHER daily minimum wages and jeepney fares will likely drive inflation beyond the central bank’s target this year, analysts said.
No sign Duterte will end ban on open-pit mining — spokesman
PRESIDENT Rodrigo R. Duterte is not likely to lift the ban on open-pit mining -- a method widely used by miners here and abroad -- anytime soon, his spokesman said on Thursday last week.
The secret weapon that has made the peso so strong
SINGAPORE -- The Philippine peso has a secret weapon that has made it one of Asia’s best-performing currencies this year: bumper real yields.
Super consortium submits revised plan for NAIA rehabilitation
A “super consortium” composed of seven of the country’s top conglomerates submitted a revised proposal for the rehabilitation of the Ninoy Aquino International Airport (NAIA), in line with the Department of Transportation (DOTr)’s instructions to pattern the plan after Clark International Airport’s concession agreement.