PHL on track to hit medium-term targets 鈥 Diokno 聽
THE PHILIPPINES is on track to achieve its growth and fiscal targets in the Medium-Term Fiscal Framework (MTFF) due to the 鈥渂etter-than-expected鈥 revenue and...
Policy rates could rise this quarter — report
THE BANGKO SENTRAL ng Pilipinas (BSP) may consider raising rates this quarter in the face of quickening inflation and faster economic growth, analysts at...
Car sales fall 23% in Sept.
AUTO SALES in the country declined at a slower pace in September, as lockdown restrictions were eased once again in Metro Manila and nearby provinces.
Treasury hikes July borrowing program
THE BUREAU of the Treasury (BTr) raised its planned borrowings from the local market to P235 billion in July, as it seeks to offer longer tenors amid strong demand and a low-rate environment.聽
Peso rally to fade on Philippine balance of payments deficit
The Philippine peso鈥檚 rally may run out of steam after the central bank revised its projection for the nation鈥檚 balance of payments to a...
Meralco rates up in May
RESIDENTIAL CUSTOMERS in areas served by Manila Electric Co. (Meralco) will see higher electricity bills this month due to the increase in generation charge.
Firms see robust sales despite TRAIN
By Krista Angela M. Montealegre
National Correspondent
FILIPINOS did not hold back on spending despite higher prices of goods in the first quarter of the year,...
MWSS 鈥榗onfident鈥 water allocation will be stable in April, May
THE METROPOLITAN Waterworks and Sewerage System (MWSS) is confident that the raw water allocation for Metro Manila will be maintained until May as the El Ni帽o weather event shows signs of weakening.
PHL among most exposed to climate change risks
THE PHILIPPINES is one of the countries most exposed to climate change physical risks, particularly floods and storms, according to Fitch Ratings.
Based on Fitch鈥檚...
Philippines鈥 ODA portfolio hits $30B
THE COUNTRY鈥橲 active official development assistance (ODA) portfolio jumped by 42% to $30.39 billion (P1.52 trillion) in 2020 as the government tapped more quick-disbursing loans to fund its pandemic response, the National Economic and Development Authority (NEDA) reported.
BW Economic Forum returns with 鈥楩orecast 2023鈥
THE RECENT global economic outlook has become 鈥済loomy and more uncertain,鈥 according to the International Monetary Fund (IMF). As businesses bounce back from the pandemic, countries are facing shocks from Russia鈥檚 invasion of Ukraine, rising inflation and a global economic slowdown. A possible global recession is further complicating the outlook.
No off-cycle rate cut, says Diokno
BANGKO SENTRAL ng Pilipinas (BSP) Governor Benjamin E. Diokno said they will not go for an off-cycle rate cut following the US Federal Reserve鈥檚 surprise move to ease as part of efforts to boost the economy amid risks of a slowdown due to the coronavirus disease 2019 (COVID-19) outbreak.