Vanishing current account buffer raises peso risk
THE OUTLOOK for the Philippine peso -- Asia’s worst-performing currency -- just keeps getting grimmer.
May’s trade shortfall was the biggest in data going back...
Fed signals confidence
WASHINGTON -- The Federal Reserve kept interest rates unchanged on Wednesday and said it expected to start winding down its massive holdings of bonds...
Hunger level lowest since March 2004
By Ian Nicolas P. Cigaral
Reporter
THE PROPORTION of families who suffered hunger at least once in the last three months fell to single-digit level for...
Fitch sees Philippine GDP growth staying above 6%
THE PHILIPPINES can be expected to keep growing faster than six percent over the next five years, Fitch Ratings said, noting that strong economic...
Casinos’ inclusion in dirty-money surveillance alone not enough to keep PHL out of blacklist
By Melissa Luz T. Lopez
Senior Reporter
THE RECENT INCLUSION of casinos under the watch of the Anti-Money Laundering Council (AMLC) does not automatically assure that...
Gov’t told to pay Maynilad for losses
By Victor V. Saulon
Sub-Editor
AN ARBITRAL TRIBUNAL has ordered the Philippine government to reimburse Maynilad Water Services, Inc. at least P3.4 billion for losses incurred...
Start-ups find Asia ‘a great place to grow’ in
By Krista A. M. Montealegre
National Correspondent
YOUNG ENTREPRENEURS are pushing the boundaries of innovation and bringing down cultural barriers to feed a vibrant start-up scene...
Philippines buys 250,000 tons of rice to boost stockpiles
THE NATIONAL FOOD AUTHORITY (NFA) purchased 250,000 metric tons (MT) of rice in a tender yesterday from suppliers in Vietnam, Thailand and Singapore, as...
SONA pushes select bills, warns miners
By Ian Nicolas P. Cigaral
Reporter
PRESIDENT Rodrigo R. Duterte yesterday asked courts not to block development projects and pressed the Senate to approve the first...
IMF to check PHL economic health as it raises SE Asia growth outlook
By Maria Eloisa I. Calderon
Editor-at-Large
KUALA LUMPUR -- A team from the International Monetary Fund (IMF) is visiting the Philippines this week for an annual...
Fiscal gap pierces cap as spending sustains rise
By Elijah Joseph C. Tubayan
Reporter
THE COUNTRY’s fiscal deficit widened to breach its programmed ceiling in June and last semester, as state spending sustained its...
Business watches SONA for reform tack
By Ian Nicolas P. Cigaral
Reporter
THE COUNTRY’s business community will be glued to President Rodrigo R. Duterte’s second State of the Nation Address (SONA) today...