S&P says risks remain in hot spots, including Philippines
THE OUTLOOK for the Asia-Pacific (APAC) banking industry is improving although risks remain in several coronavirus hot spots in the region, including the Philippines, S&P Global Ratings said.Â
PHL seeks $500-M WB loan for safer school infrastructure
THE PHILIPPINES is seeking a $500-million loan from the World Bank (WB) to support the rehabilitation of schools affected by natural calamities such as...
Philippines to restore access to Grok after developer commits to safety fixes
MANILA - The Philippines will restore access to Elon Musk's AI chatbot Grok following commitments from its developer to remove image-manipulation tools that previously...
Inflationary pressures remain elevated in PHL
INFLATIONARY PRESSURES in the Philippines remain one of the highest in Asia as food prices continue to rise, according to Nomura Global Markets Research....
Stocks go down on profit taking before US data
PHILIPPINE STOCKS retreated anew on Thursday as traders pocketed their profits from the market’s recent climb amid a lack of fresh leads, with investors...
July sees sustained double-digit growth pace for manufacturing — state data
THE COUNTRY’s manufacturing activity sustained its double-digit growth pace for the seventh straight month in July, the government reported on Wednesday.
Gov’t pushes POGO hubs
THE GOVERNMENT is wielding another tool in its bid to better regulate Philippine offshore gaming operators (POGOs) — which are estimated to be costing the state an estimated P22.5 billion annually in foregone revenues due to untaxed foreign workers — encouraging such establishments to locate in hubs, the industry’s regulator said on Friday.
BoP deficit narrows to $196M in Feb.
THE DEFICIT in the Philippines’ balance of payments (BoP) narrowed sharply to $196 million in February from the $895-million gap recorded a year earlier, data from the Bangko Sentral ng Pilipinas (BSP) showed.
Fed chief sees progress on taper conditions
FEDERAL RESERVE officials are moving closer to when they can start reducing massive support for the US economy, though chief Jerome Powell said there was still some way to go.
3rd SONA pitches priorities amid struggle for House helm
PRESIDENT Rodrigo R. Duterte, in his third State of the Nation Address (SONA) on Monday, reaffirmed key policies of his administration such as the drive against corruption in behalf of ease of doing business, as well as environmental rehabilitation, vowing to step up these initiatives in partnership with Congress.
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’s 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.
Perception of PHL corruption worsens
THE PHILIPPINES dropped 10 spots globally and languished in the lower third of the Asia-Pacific list in an annual report of businessmen’s corruption perception...