Moody鈥檚 keeps Philippines grade but flags risks
By Melissa Luz T. Lopez, Senior Reporter
MOODY鈥檚 Investors Service kept its rating on the Philippines yesterday, even as it flagged local political developments and...
Yellen says rate and portfolio plans on track, but cautions on inflation
WASHINGTON -- The US economy is healthy enough for the Fed to raise rates and begin winding down its massive bond portfolio, though low...
December state infra spending falls
By Beatrice M. Laforga, Reporter
Government spending on infrastructure fell for the sixth straight month in December due to budget cuts and construction delays amid a coronavirus pandemic, according...
Malaysia shelving $22-B China-backed projects
BEIJING -- Malaysia will shelve three China-backed projects worth a total $22 billion until the debt-laden Southeast Asian nation can afford to pay for them, Prime Minister Mahathir Mohamad said Tuesday during a visit to Beijing.
PHL urged to ramp up infrastructure investment
THE PHILIPPINES and ASEAN+3 member economies should boost infrastructure investments, which will help drive economic recovery while maintaining debt sustainability amid a looming global recession, the ASEAN+3 Macroeconomic Research Office (AMRO) said.
Stocks go down on profit taking before US data
PHILIPPINE STOCKS retreated anew on Thursday as traders pocketed their profits from the market鈥檚 recent climb amid a lack of fresh leads, with investors...
Investors await Marcos Cabinet picks
ALL EYES are now on Ferdinand R. Marcos, Jr.鈥檚 Cabinet picks, particularly his economic team, after the former senator appeared to secure a landslide victory in Monday鈥檚 presidential election.
Holiday spending unlikely to give 鈥榤eaningful鈥 boost to full-year growth
THE EXPECTED SURGE in household spending during the holiday season may not be enough to ensure that Philippine annual gross domestic product (GDP) growth will hit the government鈥檚 6-7% target, analysts said.
Millions of new polymer bills to be circulated in 2025
THE Bangko Sentral ng Pilipinas (BSP) plans to issue 70 million to 90 million pieces of the new polymer bills per denomination.
鈥淪ince this is...
NCR wage hike unlikely to hurt economy 鈥 NEDA
THE NATIONAL Economic and Development Authority (NEDA) on Tuesday said the wage hike in Metro Manila would have little-to-no impact on growth targets, adding that it could be offset by an investment-driven expansion of the economy.
Philippines could be at risk of US sanctions for North Korea trade
THE PHILIPPINES runs the risk of courting US trade sanctions for 鈥渄oing business鈥 with North Korea and the government is concerned enough to study...
Trade gap narrows on export growth, import drop
By Jochebed B. Gonzales
Researcher
FASTER merchandise export growth in July, coupled with a bigger decline in imports, narrowed the country鈥檚 trade balance to its smallest...