Fed cuts to bolster BSP easing cycle
THE US Federal Reserve’s latest signals of policy easing may give the Bangko Sentral ng Pilipinas (BSP) more confidence to continue its own rate cut cycle, analysts said.
Infrastructure push, employment to drive growth — ESCAP
PHILIPPINE ECONOMIC growth will be driven by infrastructure investments, strong employment and improved domestic demand this year, the United Nations Economic and Social Commission...
Construction issues to push back operations of Bulacan airport to 2028
THE START of the Bulacan airport’s operations has been pushed back to 2028 due to delays in construction, San Miguel Corp. (SMC) President and...
POGO ban to curb money laundering activities in Philippines, says AMLC
MONEY LAUNDERING activities are seen to decline after the implementation of a total ban on Philippine offshore gaming operators (POGO), the Anti-Money Laundering Council (AMLC) said.
SEC says planned fee hike still a go
THE SECURITIES and Exchange Commission (SEC) said the proposed hike in its fees would push through after clearing the regulatory impact assessment of the...
Outlook for remittance growth remains positive
THE CONTINUED GROWTH in overseas Filipino worker (OFW) remittances will likely be sustained, although a potential slowdown in developed economies could weigh on this...
DoTr postpones imposition of fines for motorists with no RFID
THE Department of Transportation (DoTr) postponed the implementation of new tollway guidelines, which impose fines on motorists with no radio frequency identification (RFID) tags or insufficient funds on their accounts, to Oct. 1.
AMLC aims to comply with FATF action items by October
THE ANTI-MONEY Laundering Council (AMLC) is eyeing to address by October the remaining action items set by the Financial Action Task Force (FATF) in order to exit the “gray list” of jurisdictions under increased monitoring for money laundering risks.
NG budget gap widens to P642.8B
THE NATIONAL Government’s (NG) budget deficit widened in the first seven months of the year as spending growth outpaced revenues, the Department of Finance (DoF) said.
Analysts flag possible wasteful spending ahead of 2025 elections
THE PHILIPPINE government is expected to put in billions of pesos in wasteful spending to curry favor with voters ahead of midterm elections next year, analysts said.
Budget gap shrinks in July
THE NATIONAL Government’s (NG) budget deficit sharply shrank in July as revenues posted double-digit growth, the Bureau of the Treasury (BTr) said.
Data from the...
Gov’t anticipates more affordable borrowings
THE GOVERNMENT is anticipating much lower borrowing costs moving forward amid further rate cuts by the Bangko Sentral ng Pilipinas (BSP) and improved credit ratings.