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...
Peso strengthens amid decline in oil prices, dollar
THE PESO rose against the dollar on Thursday amid easing global crude oil prices and a weaker greenback.
The local unit closed at P55.48 per...
PSEi climbs to 6,500 level as rate cut bets grow
THE MAIN INDEX climbed to the 6,500 level on Thursday despite low trading volume as market sentiment improved amid expectations of lower benchmark interest...
Consumption to pick up as inflation eases — Diokno
CONSUMPTION will once again be the primary driver of economic expansion in 2024 as the threat from inflation recedes, Finance Secretary Benjamin E. Diokno...
Low food tariffs will help, but agri output ultimately needs to rise — Balisacan
THE extension of reduced tariffs on key food products will help mitigate inflation, but the Philippines will ultimately need to improve agricultural output, according...
Livestock, poultry production seen falling next year
LIVESTOCK and poultry production are expected to decline next year with imports admitted under lower tariffs discouraging producers from expanding, according to the Philippine Chamber of Food, Inc. (PCAFI).
National ID registrations running 10% below target
THE Philippine Statistics Authority (PSA) said the sign-up numbers for the national ID, also known as the Philippine Identification System (PhilSys) are 10% below...
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.