DPWH halts bidding for all locally funded projects
The Department of Public Works and Highways (DPWH) has suspended the bidding process for all locally funded projects, in line with the government's ongoing...
Prolonged economic stagnation seen among top risks faced by PHL
PROLONGED ECONOMIC stagnation is seen as one of the top risks faced by the Philippines in the next two years, according to a survey conducted by the World Economic Forum (WEF).
New NEDA chief lays out priorities
THE new chief of the National Economic and Development Authority (NEDA) will prioritize finishing the economic recovery plan and frontloading the registration of five million people to the national ID system.
PHL to continue paying debt despite crisis
THE Philippines will not consider suspending interest payments on its debt obligations despite the rising costs of keeping the economy afloat amid the coronavirus disease 2019 (COVID-19) pandemic, Finance Secretary Carlos G. Dominguez III said on Tuesday.
BSP likely to keep hawkish hold for rest of the year
THE BANGKO SENTRAL ng Pilipinas (BSP) is likely to maintain a hawkish hold for the rest of the year to support the economy, analysts...
Marcos may allow food manufacturers to directly import sugar
PRESIDENT Ferdinand R. Marcos, Jr. is looking into the possibility of allowing food manufacturers to directly import sugar amid tight domestic supply and high...
Poland may take Filipino workers — minister
WARSAW -- Poland, whose right-wing government opposes taking in migrants, may have to look to Filipino workers to cover a growing labor shortage hurting the economy, a senior official said Saturday.
$417-M in 鈥榟ot money鈥 entered PHL in May – BSP
By Luz Wendy T. Noble, Reporter
Foreign portfolio investments (FPI) yielded a net inflow in May, reflecting renewed optimism in the local economy as restriction measures were gradually lifted during...
Philippines, Malaysia, Taiwan defy rise in Asia鈥檚 business sentiment
TOKYO -- Business confidence among Asian companies rose in October-December to the highest in almost seven years due to robust consumption and global trade,...
BSP wants inflation firmly settled near target midpoint, governor says
MANILA - The Philippine central bank wants inflation firmly settled near the middle of its 2.0%-4.0% target range, its governor said on Tuesday.
"We are...
Built on trust
WHEN CIVIL ENGINEER Ibrahim 鈥淏ong鈥 Nu帽o started Metro Stonerich Corp. (MSC) in November 1999, his first tool was a P2,500 drill from a hardware store. Today, MSC has grown from a P500,000 company to a multibillion-peso business and one of the country鈥檚 major construction players.
7-month deficit exceeds 2019 record
THE National Government鈥檚 budget deficit ballooned to a record P700 billion as of end-July, as pandemic expenses continued to rise while revenues fell amid the economic slowdown.聽









