January finds better quality of jobs although unemployed ranks grow
LATEST official labor data showed the ranks of Filipinos wanting more work to augment income declined in January, although those that were left without jobs increased, data from the government’s statistical agency showed.
BSP has room to extend pause despite Fed’s latest rate hike — economists
THE BANGKO SENTRAL ng Pilipinas (BSP) has room to extend its monetary policy tightening pause at its meeting next month, despite the narrowing interest...
Q2 current account swings to surplus
By Beatrice M. Laforga, Reporter
The country’s current account swung to a $4.4-billion surplus last quarter from a year earlier after the trade in goods...
Spending surge drives Oct. budget gap
By Elijah Joseph C. TubayanReporterTHE NATIONAL government’s budget gap grew ninefold in October from a year ago as spending surged at its fastest clip...
Bulls beware:The 2020 oil market is quickly turning ugly
OIL BULLS thought 2020 would be their year.
FX reserves grow for fourth month
FOREIGN CURRENCY reserves rose in February for the fourth straight month, the central bank reported on Thursday, marked by higher investment income at a time of a stronger peso.
BSP eyeing to remove fees on small transfers
THE BANGKO SENTRAL ng Pilipinas (BSP) wants to remove transaction fees for person-to-person electronic fund transfers and payments to small businesses, based on a...
Peso sinks to new low of P58 on hawkish Fed bets
THE PESO plunged to a new record low of P58 on Wednesday as the dollar remained strong on expectations of a huge rate hike from the US Federal Reserve overnight.
PHL jobless rate hits 4-month high
THE PHILIPPINE jobless rate climbed to a four-month high in May while the quality of jobs improved to its best level since 2005, the Philippine Statistics Authority (PSA) reported on Monday.
Inflation storm brewing
FILIPINOS queuing for hours to buy cheap rice from the government. Families eating fewer meals a day to save money. Locals venting their anger against President Rodrigo R. Duterte on social media.
Executive-House budget impasse elevated to Duterte and Arroyo
IT may take a sitting President and a former president-turned Speaker to break the current deadlock between the Executive and the House of Representatives over the P3.757-trillion national spending plan proposed for next year.
BSP warns of short-term refinancing risks
The Philippine central bank warned companies to avoid an excessive reliance on short-term funding that could leave them vulnerable when refinancing debt.
“While increased risk-taking...