July marks third month of budget gap
THE GOVERNMENT saw the third straight month of deficit in July, with revenues recovering from the previous month鈥檚 fall and spending maintaining its double-digit...
Firms train sights on infrastructure opportunities with local gov鈥檛s
By Krista A.M. Montealegre
National Correspondent
COMPANIES are racing to identify infrastructure opportunities at the local government level to satisfy their thirst for growth after the...
Fed chief risks exposing old vulnerabilities in emerging Asian economies
HONG KONG/MUMBAI/JAKARTA -- The populist leaders of India, Indonesia and the Philippines won office with promises of massive spending to upgrade their nation鈥檚 roads,...
Growth expected to stay faster than 6%
THE PHILIPPINES is poised to maintain above-six percent growth over the next four years, S&P Global Ratings said in a report released yesterday, noting...
ECB 鈥榯aper tantrum鈥 risk downplayed for emerging marts
LONDON -- Emerging economies鈥 debt in euros has shot to record highs thanks to European Central Bank (ECB) largesse, and yet an approaching end...
BSP tightens corporate governance guidelines
THE BANGKO SENTRAL ng Pilipinas (BSP) has tightened the requirement for seats and term limits of independent board directors, as part of efforts to...
2017 GDP goal within reach — Moody鈥檚
By Melissa Luz T. Lopez
Senior Reporter
THE PHILIPPINES is on track to hit the low end of the government鈥檚 growth goal this year, Moody鈥檚 Investors...
Central banks in Asia lean on wide mandate as Fed readies tightening
HONG KONG -- As Asia鈥檚 central banks grapple with low inflation, just like their global peers, they already have a dizzying array of mandates...
BSP says peso鈥檚 path 鈥榗onsistent鈥 with growth
THE PESO鈥檚 鈥済radual鈥 depreciation is 鈥渃onsistent鈥 with government efforts to stoke faster economic growth, the central bank chief said yesterday, adding that the local...
Want to hedge North Korea risk? Think SE Asian stocks, Japan REITs
HONG KONG -- Investors looking for ways to hedge against North Korea risk as war drills get under way should focus on Japanese real...
BSP official sees room for steady policy
FASTER economic growth last quarter leaves more room for the central bank to maintain interest rates for now and, coupled with slow inflation, should...
Local banks open to foreigners, but await offers they can鈥檛 refuse
Krista A. M. Montealegre, National Correspondent
FOREIGN PARTIES wanting a piece of the action in one of Asia鈥檚 best growth stories have found the Philippines鈥 banking sector a tough nut...