Philippines touted as 2nd best investment destination for renewables in SE Asia 鈥 report
THE Philippines is the second best investment destination for renewable energy (RE) in Southeast Asia with resources that can generate up to 3,000 gigawatts (GW), and a 鈥渉ighly-liberalized鈥 active spot market, according to a report from HSBC Global Research.
Bank lending expansion picks up to 11.3% 鈥 BSP
BANK LENDING growth picked up anew in May, driven by loans to businesses and consumers, the Bangko Sentral ng Pilipinas (BSP) said.
Preliminary BSP data...
PHL on track to reach upper middle-income status, says NEDA chief
THE PHILIPPINES is still on track to become an upper middle-income economy next year as long as the growth momentum continues, National Economic and...
Poll: BSP to keep policy rate on hold
THE BANGKO SENTRAL ng Pilipinas (BSP) will likely keep interest rates on hold this week as inflation risks linger, according to most analysts polled by 大象传媒.
Poll bares view of steady Dec. inflation
By Melissa Luz T. Lopez
Senior Reporter
THE GENERAL INCREASE in prices of widely used goods and services likely steadied in December from the preceding month鈥檚...
BoI-approved pledges surge in August
THE BOARD of Investments (BoI) -- which accounts for bulk of planned projects registered with investment promotion agencies -- saw such pledges surge in August and year-to-date on the back of big-ticket ventures, according to a press release on Wednesday.
Lockdown may push growth below 6%
MOODY鈥橲 Investors Service slashed its economic growth outlook for the Philippines to below six percent this year, factoring in the impact of the Luzon lockdown and the rising number of coronavirus disease 2019 (COVID-19) cases.
Philippines鈥 smoke-belching king of the road faces overthrow
LACSON ANTHONY J. VIDUYA, 70, managed to send his six children to college using income from driving a rickety passenger jeepney in the Philippine capital.
Palace says Marcos to review Konektadong Pinoy bill
PHILIPPINE President Ferdinand R. Marcos, Jr. will be reviewing the Konektadong Pinoy bill, a priority measure for his administration, amid concerns raised by telecommunications...
NG debt hits record P16.7-T at end-March
THE National Government鈥檚 (NG) outstanding debt edged up to a fresh high of P16.68 trillion as of end-March, the Bureau of the Treasury (BTr) said on Wednesday, adding that this debt 鈥渞emains manageable.鈥
2022 balance of payment deficit hits record $7.3B
THE PHILIPPINES posted a $612-million balance of payment (BoP) surplus in December, bringing the full-year level to a record deficit of $7.3 billion.
Progress of 2025 budget on track, says DBM
GOVERNMENT AGENCIES have turned in their 2025 budget proposals to the Department of Budget and Management (DBM) as of end-April, with next year鈥檚 spending plan still on track for submission to Congress by July, Budget Secretary Amenah F. Pangandaman said.