Debt pile rises to record P14.5 trillion

THE NATIONAL Government’s (NG) total outstanding debt hit a fresh high of P14.51 trillion as of end-November, the Bureau of the Treasury (BTr) said on Wednesday. 

MUFG sees PHL economy growing by 5.6% this year

THE PHILIPPINE ECONOMY may grow by 5.6% this year as easing inflation could help boost consumption, MUFG Global Markets Research said. In a report,...

Renewables seen to offset the rise in electricity prices

THE PRICE AND SUPPLY of electricity in the Philippines are seen to be challenged this year due to warm weather but may be offset by the power capacity expansion from renewables.

DBM chief issues national budget call for 2025

THE 2025 national budget will focus on keeping inflation under control, addressing the economic scarring from the pandemic, boosting infrastructure investments, and adapting global...

Factory activity growth slows in Dec.

FACTORY ACTIVITY in the Philippines expanded at a slower pace in December, reflecting modest growth in new orders and output across the sector, S&P Global said on Tuesday.

Becoming a manufacturing powerhouse remains a pipe dream for Philippines

LILY G. TERRENIO was 19 years old when she became a factory worker at Amertron, Inc. inside the Clark Freeport Zone north of the Philippine capital in 1988.

Banks continue to miss 10% lending quota for MSMEs

PHILIPPINE BANKS failed to meet the mandated quota for small business loans in the first nine months of 2023, preliminary data from the Bangko...

Philippines yet to fulfill some action plans to exit from FATF ‘gray list’

THE PHILIPPINES has yet to fulfill several action plans more than two years since it was placed under the “gray list” of the Financial...

Philippines hopeful of exiting global money laundering ‘grey list’

MANILA - The Philippines is hopeful of being taken off the money laundering 'grey list' of the Financial Action Task Force (FATF) of this...

Inflation likely cooled to 4% in Dec.

HEADLINE INFLATION may have further eased in December and settled to within the 2-4% target for the first time in almost two years amid lower prices of fruits and vegetables, electricity and fuel, analysts said.

November debt service bill slips

THE NATIONAL Government’s (NG) debt service bill slipped by 7.7% in November due to a drop in amortization payments, according to the Bureau of...

DoE eyes implementation of higher biodiesel blend in July

THE DEPARTMENT of Energy (DoE) is proposing to implement the long-delayed increase in the coco biodiesel blend to 3% starting July 1.