BoP surplus widens in May
THE country’s balance of payments (BoP) saw a bigger surplus in May on the back of the National Government’s foreign borrowings and a narrower merchandise trade deficit.
ADB pares Philippine growth projection
THE ASIAN DEVELOPMENT BANK (ADB) has slashed its Philippine economic growth forecast for this year, citing impact of the four-month delay in 2019 national budget enactment and slowing export of goods and services -- although the country will still be the region’s third-fastest growing economy behind Vietnam and China.
No grace period for loans falling due this month — SEC
FINANCING and lending companies will no longer be required to offer a grace period for loans that fall due this month as strict lockdown measures eased around the country, the Securities and Exchange Commission (SEC) said.
Money supply growth slows in July
GROWTH of money supply eased to its slowest pace in nearly three years in July amid smaller reserves held by the Bangko Sentral ng Pilipinas (BSP), even as bank lending accelerated in the same month.
Production spurred by infrastructure build expected to propel Philippines up ranks of biggest economies
THE PHILIPPINES can be expected to close in on the top 10% of the world’s major economies in the next 15 years, partly as improved infrastructure spurs overall economic growth, according to a London-based consultancy.
Youth increasingly key to putting policy makers in place, but not a ‘solid’ vote
ABOUT 61 million voters, with the youth forming a considerable segment of this electorate, are expected to vote in today’s mid-term elections, the outcome of which will influence policy making in the remaining three years of the administration of President Rodrigo R. Duterte.
Investors may sour on future PPP projects in PHL, analysts say
THE GOVERNMENT faces another international arbitration claim, this time stemming from the delayed implementation of fare adjustments for the Light Rail Transit Line 1 (LRT-1).
Global investors contemplate fallout from US rates reaching 6%
ALL OF A SUDDEN, the prospect of US rates hitting 6% is becoming real enough for investors to rethink their strategies.
BlackRock, Inc. and Schroders...
Marcos gov’t unlikely to suspend fuel tax
A SUSPENSION of the excise tax on fuel products is unlikely under the administration of President-elect Ferdinand R. Marcos, Jr., according to the incoming Finance chief.
PHL raises $1.6B via retail dollar bonds
THE GOVERNMENT raised $1.593 billion (P80.91 billion) from its first-ever onshore retail dollar bond (RDB) sale last week, as it sought to support the widening budget deficit, the Bureau of the Treasury (BTr) said.
IMF expects wider current account gap
THE International Monetary Fund (IMF) expects the Philippines’ external position to log a bigger deficit this year, although the central bank chief said the level will remain manageable and supportive of further economic growth.
More fake news, more at stake as national elections draw near
BRIX JUSTINE R. PAGTALUNAN, a millennial voter, thinks his relatives are unlikely to vote for opposition candidates at next year’s elections.