Bicol tops regions in economic growth
THE ECONOMY of Bicol Region grew the fastest among the 17 Philippine regions in 2018, exceeding the growth rate posted by the capital as well as the national average.
Western Visayas minimum wage set to increase in November
ILOILO CITY -- Minimum wage rates in Western Visayas are expected to increase before the end of the year following the regional board’s approval.
Philippines signs RCEP, world’s biggest trade deal
FIFTEEN Asia-Pacific economies, including the Philippines, signed the world’s largest free trade deal on Sunday, with observers saying the deal could boost Philippine market access while others believe it would worsen the trade balance.
Senate body approves CITIRA bill
A SENATE COMMITTEE on Wednesday approved a priority bill of President Rodrigo R. Duterte that seeks to lower corporate income tax and streamline fiscal incentives.
Fitch upgrades PHL outlook to ‘positive’
FITCH RATINGS on Tuesday upgraded its outlook for the Philippine economy to “positive” from “stable,” bolstering hopes for a rating upgrade.
No currency sword of Damocles over the Philippines for now
THE PHILIPPINES is not expected to slip into a currency crisis anytime soon, Nomura economists said, citing little risk of such an event despite the recent weakness of the peso.
Top 1000 firms on a roll in 2018 despite inflation spoiler
PHILIPPINE COMPANIES continued to record double-digit earnings in 2018 despite last year’s challenges that included the almost runaway inflation that contributed to deceleration of the domestic economy and external risks.
3 Japan firms keen on Manila subway contract
AT LEAST THREE Japanese firms, including one of the maintenance providers of Metro Rail Transit Line 3 (MRT-3), signaled interest in bidding for the contract to provide train sets and electrical and mechanical (E&M) systems for the Metro Manila subway project.
Central bank chief Espenilla passes away
By Melissa Luz T. Lopez, Senior Reporter
BANGKO SENTRAL ng Pilipinas (BSP) Governor Nestor A. Espenilla, Jr. passed away on Saturday, Feb. 23. He was 60.
The central bank's Corporate Affairs Office...
PHL to remain among SE Asia’s fastest-growing economies — WB
By Elijah Joseph C. Tubayan
Reporter
THE PHILIPPINES can be expected to remain one of Southeast Asia’s fastest-growing economies, the World Bank said in its latest...
Tax reform battle in Congress bares limits of Duterte magic
By Maria Eloisa I. Calderon
Editor-At-Large
WHEN President Rodrigo R. Duterte handily won the 2016 presidential elections, with that victory came political certainty and control of...
PSEi may rise to 8,450 by yearend on earnings
THE BENCHMARK Philippine Stock Exchange index (PSEi) may rise to 8,450 by the end of 2019 with corporate earnings expected to grow faster this year and as government ramps up spending in the second half, according to Philequity Management, Inc.