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PHL inflation slows for sixth straight month in July

Philippine annual inflation eased for a sixth straight month in July, the statistics agency said on Friday, reflecting slower increases in food and utility...

LGUs, agencies urged to cut red tape amid ECQ

GOVERNMENT AGENCIES, including local government units (LGUs), are being urged to simplify and streamline procedures and requirements as the country is under a state of national emergency due to the coronavirus disease 2019 (COVID-19) outbreak.

PEZA chief addresses talk she is at risk of losing post for opposition to...

THERE IS TALK in the foreign business community that the head of the government’s economic zone promotion agency is at risk of losing her job due to a drop in committed investments and her opposition to the Finance department’s push to remove tax incentives deemed redundant.

Peso may be range-bound as market eyes Fed, BSP reviews

THE PESO is expected to move sideways against the dollar this week ahead of expected rate cuts by both the US Federal Reserve and...

Meralco rates go up in December

Residential customers of Manila Electric Co. (Meralco) will see higher electricity bills in December as generation charges increased.  In a statement on Friday, Meralco said...

Senators ask agencies to ramp up spending

SEVERAL SENATORS on Wednesday urged government agencies, especially those implementing infrastructure projects, to boost spending to help the economy bounce back from the pandemic, upon learning that less than half of the allocated budgets have not been disbursed.

From riches to rags: Coronavirus brings Philippines’ garment industry to its knees

TWENTY-FOUR-YEAR-OLD Marie E. Llaneta’s garment shop in Rizal province east of Manila, the capital, was one of about 6,000 stalls that had to shut down in mid-March amid a Luzon-wide lockdown meant to contain a coronavirus pandemic.

FIST measure hurdles Senate committee

THE Senate Committee on Banks and Financial Intermediaries on Monday approved the measure that will allow financial institutions to offload bad loans to asset management companies.

Global slowdown may hurt OFW remittances

REMITTANCES from overseas Filipino workers (OFWs) will continue to rise this year, but may fall short of the central bank’s 4% growth projection amid...

Wider Middle East conflict may send oil prices skyrocketing, say analysts

By Luisa Maria Jacinta C. Jocson, Reporter A WIDER CONFLICT in the Middle East could send global oil prices skyrocketing, adding to concerns over inflation,...

PHL economy seen resilient amid global volatility

THE Philippine economy should remain resilient despite current volatilities bogging down global markets, although experts noted that a faster infrastructure rollout plus a kinder regime for foreign investments would add to the country’s luster.

IMF sees faster PHL growth this year

THE International Monetary Fund (IMF) expects a faster expansion for the Philippine economy this year, but still below the government’s growth target as the ongoing war in Ukraine clouds the global economic outlook.
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