Philippines鈥 debt-to-GDP ratio hits 21-year high at end of March
By Justine Irish D. Tabile, Senior Reporter
THE National Government (NG) debt as a share of gross domestic product (GDP) rose to 65.2% at...
BSP says it may resort to 鈥榤ore drastic鈥 action if inflation expectations worsen
THE Bangko Sentral ng Pilipinas (BSP) may resort to 鈥渕ore drastic鈥 action to tame inflation as rising rice prices and transport fares threaten to de-anchor inflation expectations, a senior official said.
Peso posts biggest one-day gain in a month on peace deal hopes
THE PESO jumped back to the P60-per-dollar level on Thursday, posting its largest one-day gain in nearly a month, as global crude oil prices...
PHL seen on track to enter top tier of WB鈥檚 B-Ready ranking by 2028
THE Anti-Red Tape Authority (ARTA) said the Philippines is poised to enter the top 20% of countries assessed by the World Bank鈥檚 (WB) Business...
Raising tax exemption threshold to create revenue hole 鈥 DEPDev
THE Department of Economy, Planning, and Development (DEPDev) said the proposed increase in the income tax exemption threshold will require Congress to find replacement...
BoI seeking UAE tech tie-ups for RE integration projects
THE Board of Investments (BoI) said it is looking to partner with tech firms in the United Arab Emirates (UAE) to integrate renewable energy...
Six ASF vaccine makers apply for commercial-use approval
THE Bureau of Animal Industry (BAI) said six vaccine makers with treatments for African Swine Fever (ASF) are currently seeking approval for commercial use...
PSEi jumps to three-week high on ME peace hopes
THE BENCHMARK INDEX returned to the 6,000 level on Thursday and hit a three-week high as sentiment turned positive on growing hopes for an...
DEPDev backs coco trust fund budget flexibility
THE Department of Economy, Planning, and Development (DEPDev) said it supported proposed amendments to the Coconut Farmers and Industry Trust Fund Act that will...
Farm output shrinks by 0.3% in Q1
THE Philippines鈥 agricultural production shrank by 0.3% in the first quarter of the year, due to a decline in crop and fisheries output, the Philippine Statistics Authority (PSA) said.
PSA: 2.58 million Filipinos jobless in March
THE Philippine unemployment rate in March rose to 5%, as the number of jobless Filipinos jumped to 2.58 million amid the oil crisis, the Philippine Statistics Authority (PSA) said.
Peso rises on US-Iran deal hopes
THE PESO jumped against the dollar on Wednesday as global crude oil prices dropped after the United States and Iran signaled progress in their...