BSP chief bares bout with cancer
BANGKO SENTRAL ng Pilipinas (BSP) Governor Nestor A. Espenilla, Jr. said he is now cancer-free after being diagnosed in November 2017, as he underwent...
Marcos pushes for MUP pension reform
THE FINANCE DEPARTMENT on Tuesday warned of a possible “fiscal collapse” should the government fail to reform the pension system for retired military and uniformed personnel (MUP).
NAIA rehab, upgrade bid heats up
THE GROUP behind the ongoing upgrade of the Mactan-Cebu International Airport will go head-to-head against a consortium made up of some of the country’s...
Banks bare stronger sheets in first quarter
By Mark T. Amoguis
Researcher
THE COUNTRY’s biggest banks opened the year on stronger footing as the first quarter sustained a streak of double-digit asset and...
Fate of Mindanao railway up to next administration
THE Transportation department on Wednesday said it will now be up to the next administration to start constructing the Mindanao railway project, as the government has yet to receive from China a shortlist of bidders for the design-and-build contract.
Philippines likely to post one of the fastest growth rates in Asia this year,...
THE PHILIPPINES will likely post the second-fastest growth in Asia this year and in 2025, the International Monetary Fund (IMF) said.
In its latest World...
Gov’t vows fiscal discipline as it widens programmed budget deficit for 2019
THE DEVELOPMENT Budget Coordination Committee (DBCC) on Monday reiterated the government’s commitment to fiscal discipline as it adjusted key economic assumptions for the proposed 2019 spending plan.
Gross borrowings fall 28% as of end-April
GROSS BORROWINGS dropped by 28% as of end-April, as the National Government saw lower financing requirements despite the prolonged pandemic.
Current account deficit shrinks in 2019
THE country’s current account deficit shrank to $464 million in 2019, due to “lower trade in goods deficit combined with higher net receipts in the trade in services, and in the primary and secondary income accounts, the Bangko Sentral ng Pilipinas said on Friday.
Economic recovery seen to get ‘significant’ boost from shift to Alert Level 1
BUSINESS GROUPS expect the Philippine economy’s recovery will get a “significant” boost as the country transitions to a “new normal.”
Anti-graft council created amid probe on state corruption
By Kyle Aristophere T. Atienza, Reporter
The Presidential Anti-Corruption Commission (PACC) on Friday formed a new inter-agency task force to bring its campaign against graft and corruption to the lowest level of...
Fitch sees Philippine GDP growth staying above 6%
THE PHILIPPINES can be expected to keep growing faster than six percent over the next five years, Fitch Ratings said, noting that strong economic...