NG’s outstanding debt hits P9.6 T as of end-Aug.
THE National Government’s (NG) outstanding debt reached P9.615 trillion as of end-August, as it continues to borrow to fund the fight against the coronavirus disease 2019 (COVID-19).
Retail trade measure seen to hurt MSMEs
THE MEASURE that seeks to lower the minimum investment hurdle for foreign retailers to P25 million would likely bring in the competition that could damage many local small businesses, a retailers group said.
Fed jacks up interest rates again, hints at smaller increases ahead
WASHINGTON - The Federal Reserve raised interest rates by three-quarters of a percentage point again on Wednesday and said its battle against inflation will...
MB-approved foreign borrowings more than double in Q1
MONETARY BOARD (MB) approvals for public-sector foreign borrowing more than doubled in the first quarter, the central bank said.
Data from the Bangko Sentral ng...
Gov’t to borrow P225B from local mart in November
THE NATIONAL Government (NG) plans to borrow P225 billion from the domestic market in November, the Bureau of the Treasury (BTr) said.
AMRO trims PHL growth forecasts
THE ASEAN+3 Macroeconomic Research Office (AMRO) trimmed its Philippine economic growth forecast for this year and in 2025, amid slowing external demand.
In its latest...
Peso drops as war risks persist
THE PESO declined anew versus the dollar on Monday as escalating tensions in the Strait of Hormuz despite the ceasefire between the United States...
PHL employers to cut salary budgets in 2026 — WTW
PHILIPPINE EMPLOYERS expect to see a decline in their salary budgets in 2026, which could affect potential pay hikes for private sector workers, global advisory firm WTW said.
Treasury to sell P30-B retail bonds
By Luz Wendy T. Noble, ReporterÂ
The Treasury Bureau will sell at least P30 billion worth of five-year Retail Treasury Bonds this month, it said...
Energy dep’t warns Luzon grid may experience red alerts until next week
THE LUZON GRID could face red alerts until next week if the power plants that experienced forced outage or derated capacities fail to resume operations, the Department of Energy (DoE) said on Monday.
China-funded projects may face scrutiny after Duterte leaves
THE PHILIPPINES under a new government would probably cancel several China-funded projects after several African countries revoked similar contracts with shady state Chinese companies, according to political analysts.
BSP signals more tightening in 2023
THE BANGKO SENTRAL ng Pilipinas (BSP) signaled further tightening in 2023, as it aims to bring inflation to near 3% by the third quarter.