BSP sees Dec inflation at 3.6%-4.4%
MANILA - Philippine inflation likely settled within the range of 3.6%-4.4% range in December, the central bank said on Friday.
Higher prices of rice and...
Budget gap narrows in November
THE National Government’s (NG) budget deficit narrowed to P93.3 billion in November from a year ago, amid tepid revenue growth and a decline in...
Hot money swings to net inflows in Nov.
FOREIGN portfolio investments reverted to a net inflow in November, ending two straight months of outflows, as global financial market conditions improved, the Bangko Sentral ng Pilipinas (BSP) said.
PHL likely to miss 2024 growth target — analysts
PHILIPPINE economic growth will likely miss the government’s target next year amid external headwinds and risks that could derail the country’s recovery, analysts said.
AMLC requires firms to report even attempted suspicious transactions
THE Anti-Money Laundering Council (AMLC) has required designated non-financial businesses and professions (DNFBPs) to report all suspicious transactions, whether completed or even just an...
4 groups submit bids for NAIA rehab
ONLY FOUR GROUPS have submitted bids for the P170.6-billion public-private partnership (PPP) project to upgrade the Ninoy Aquino International Airport (NAIA), the Department of...
Extension of tariff cuts seen to mitigate El Niño impact on food prices
THE EXTENSION of reduced tariffs on rice and other key agricultural commodities will help cushion the inflationary impact of the El Niño weather phenomenon,...
Business groups support Go’s appointment as economic adviser
REFORMS to improve the ease of doing business and the Philippines’ investment environment should be on the top of the agenda for the newly appointed special assistant to the President, analysts said.
BSP streamlines public disclosure rules for banks
THE BANGKO SENTRAL ng Pilipinas (BSP) is streamlining rules for banks on the publication of their quarterly balance sheets, giving them a choice to publish either in print or online.
Philippines attracts four bids for $3B airport upgrade
MANILA - The Philippines' auction for a P170.6 billion ($3 billion) upgrade of its main international airport attracted four bidders, the transportation ministry said...
BoI-approved investments hit P1.16T
THE BOARD of Investments (BoI) said on Tuesday that total approved investments reached a record P1.16 trillion so far this year, thanks to a...
External debt service burden surges to $10.8 billion as of end-September
THE PHILIPPINES’ external debt service burden more than doubled in the January-to-September period, according to preliminary data from the Bangko Sentral ng Pilipinas (BSP).