BSP keeps 3% interest rate ceiling on credit card transactions
THE BANGKO SENTRAL ng Pilipinas鈥 (BSP) policy-setting Monetary Board has kept the 3% interest rate ceiling on credit card transactions unchanged.
鈥淭he BSP鈥檚 decision to...
PHL debt nears P9 trillion in May
OUTSTANDING DEBT jumped to nearly P9 trillion as of end-May, as the government issued more domestic securities and availed of additional foreign loans to fund its ongoing fight against the pandemic, the Treasury said on Tuesday.
No need for BSP to move in tandem with the Fed
THE BANGKO Sentral ng Pilipinas (BSP) sees the policy moves of the US Federal Reserve carrying less weight in its own decision making as addressing still-elevated domestic inflation is more important, an official said on Thursday.聽
US trade policy 鈥榙eplorable鈥 — Japan
TOKYO -- US-imposed trade tariffs on its close allies could have a 鈥済rave impact鈥 on ties and the world trading system, the Japanese government said Monday, describing the situation as 鈥渆xtremely deplorable.鈥
PEZA approves over P30-B investment pledges in January
THE PHILIPPINE Economic Zone Authority (PEZA) saw a surge in investment pledges to P30.156 billion in January, putting it on track to boost investments...
Government mulls job fairs abroad to bring home workers for infrastructure development program
THE GOVERNMENT is thinking of holding job fairs abroad to bring home skills needed for its P8-trillion infrastructure development program till 2022, the Finance...
Industry group expects electronics exports growth to slow to 5% this year
THE SEMICONDUCTOR and Electronics Industries in the Philippines Foundation, Inc. (SEIPI) set a 5% exports growth target this year, as it expects demand to...
June鈥檚 FDI surge fails to lift 1st half flows
By Melissa Luz T. Lopez
Senior Reporter
NET foreign direct investment (FDI) flows to the Philippines nearly tripled in June as firms abroad reinvested earnings and...
Congress expected to ratify budget bill by mid-Dec.
CONGRESS will likely ratify the proposed 2025 General Appropriations Bill before its break in mid-December, a House of Representatives leader said on Sunday.
鈥淲e hope...
PAL dusts off NAIA 2 dev鈥檛 pitch
PHILIPPINE AIRLINES (PAL) has revived its proposal to build a P20-billion ($400-million) annex to the Ninoy Aquino International Airport (NAIA) Terminal 2 to address...
BSP keeps rates to boost recovery
By Luz Wendy T. Noble, Reporter
THE PHILIPPINE central bank on Thursday kept policy rates unchanged as expected, saying an accommodative stance is key to...
Gov鈥檛 struggles with property acquisition for Manila subway
By Arjay L. Balinbin, Senior Reporter
CONSTRUCTION of the first phase of the Metro Manila subway is facing delays as the government continues to have...