Infrastructure spending down 48% as corruption mess slows disbursements
INFRASTRUCTURE SPENDING slumped by 48% year on year in March due to lower disbursements and tighter processes in the wake of a corruption scandal involving government projects.
Long Iran war may force BSP to hike rates aggressively
THE RISK of inflation rising faster than expected and hitting double-digit pace as the Middle East war drags on may push the Bangko Sentral...
Philippines ranks four spots lower in global good governance index
THE PHILIPPINES dropped by four spots to rank 59th out of 133 countries in a good governance index after recording low scores for key indicators like leadership and foresight, global influence, and reputation.
Peso may test P62 versus dollar on Iran war, local political turmoil
THE PESO could weaken further and test the P62-a-dollar level this week as the unresolved US-Israel war on Iran continues to boost demand for the greenback and drive oil prices higher, while political tensions at home weigh on sentiment.
PSEi may stay weak on profit-taking, global risks
PHILIPPINE STOCKS may remain under pressure this week as investors lock in gains from the market’s recent rally amid lingering geopolitical tensions, inflation concerns and domestic political noise.
Political noise seen adding to FDI uncertainty alongside energy crisis
FOREIGN INVESTMENT pledges in the coming months could dampened by the fighting in Iran, compounded by a flareup of domestic political uncertainty, analysts said.
GOCC subsidies rise 70.8% in March led by irrigation agency
SUBSIDIES extended to government-owned and -controlled corporations (GOCCs) grew 70.8% year on year in March, the Bureau of the Treasury (BTr) reported.
The BTr said...
DA warns it can penalize violators of rice price cap without turning to courts
RICE IMPORTERS and retailers violating the government’s temporary price cap on imported rice will be subject to administrative penalties on the Department of Agriculture’s...
US Pax Silica envoy due in Manila this week
US SECRETARY of State for Economic Affairs Jacob Helberg is scheduled to visit the Philippines this week for talks on the Pax Silica economic...
Q1 foreign investment pledges surge 52.3%
FOREIGN INVESTMENT pledges in the Philippines rose by 52.3% in the first quarter from a low base a year earlier, although commitments fell to their lowest level in four quarters as analysts cited geopolitical uncertainty, elevated costs, and weaker domestic growth as risks to investor sentiment.
Senate turmoil seen weighing on confidence as stagflation risks rise
THE PHILIPPINE ECONOMY could face mounting pressure from rising political instability, with economists and business groups warning that this week’s chaos at the Senate...
BIR April collections top target, hit P422 billion
THE BUREAU of Internal Revenue (BIR) said its gross collections rose to P422.378 billion in April, exceeding its target for the month despite the...