Philippine central bank sees room for one more rate cut this year
MANILA - The Philippine central bank sees room for one more interest rate cut this year, its governor said on Friday.
"We will always be...
Cash remittances hit six-month high in June
CASH REMITTANCES from overseas Filipino workers (OFWs) rose to a six-month high in June, the Bangko Sentral ng Pilipinas (BSP) said late on Thursday.
BIR misses end-July collection goal by 8%
THE BUREAU of Internal Revenue (BIR) fell short of its end-July collection target by 8.2%, data from the Department of Finance (DoF) showed.
Preliminary data...
Philippines’ smoke-belching king of the road faces overthrow
LACSON ANTHONY J. VIDUYA, 70, managed to send his six children to college using income from driving a rickety passenger jeepney in the Philippine capital.
Policy rate seen at 4.5-5% in 2025
THE BANGKO SENTRAL ng Pilipinas’ (BSP) rate-cutting cycle is expected to continue into early 2025, with the terminal rate seen as low as 4.5-5%, analysts said.
DoF lowers revenue projections from mining fiscal reform bill to P6.3 billion
THE DEPARTMENT of Finance (DoF) has lowered its yearly revenue estimates to P6.3 billion from P10.23 billion in the next four years from a proposed five-tier margin-based tax system for the mining industry amid lower metal prices.
Car sales may hit record 500,000 in 2024 — CAMPI
NEW VEHICLE SALES could hit the 500,000 mark this year amid more launches and double-digit sales growth in the first half, according to the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI).
July BoP position swings to surplus
THE COUNTRY’S balance of payments (BoP) position swung to a surplus in July, data from the Bangko Sentral ng Pilipinas (BSP) showed.
External debt service declines at end-May
THE COUNTRY’S external debt payments declined by 14.8% as of end-May, preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed.
The Philippines’ debt service...
Women representation on boards of listed companies should be mandatory — PBCWE
REGULATORS should make it mandatory for publicly listed companies in the country to have women representation on their boards, according to the Philippine Business...
PHL stock market seen to get much-needed lift from BSP easing cycle
FURTHER RATE CUTS by the Bangko Sentral ng Pilipinas (BSP) are expected to give the Philippine stock market a much-needed boost, analysts said.
‘BSP has room for 2 more rate cuts’
THE BANGKO SENTRAL ng Pilipinas (BSP) may have room for two more rate cuts this year, Metropolitan Bank & Trust Co. (Metrobank) said.