Marcos Jr.’s big promises to Philippines face economic reality
After the initial euphoria from a landslide victory on promises of a building binge, more jobs, cheaper food and tax breaks, Philippines’ new President...
TUCP seeks P386 across-the-board Region 7 wage hike
A WEEK after filing its plea for a P710 across-the-board increase for Metro Manila’s private sector workers, the country’s biggest labor group filed a petition for a P386 increase for private sector employees in Central Visayas.
Infrastructure spending exceeds first-half target
LOOSER quarantine restrictions that allowed construction activities to resume helped the government surpass its infrastructure spending target by nearly 2% in the first half of the year.
NEDA seeks to amend rules on JVs
TOLL FEES, TARIFFS and other charges to be imposed by joint ventures (JVs) between the government and private companies may soon require regulatory approval, according to proposed amendments by the National Economic and Development Authority (NEDA).
Underspending, poor implementation hounded ADB-backed project in PHL
AN AGRARIAN reform project aimed at reducing poverty in rural areas in the Philippines was deemed “less than successful” due to underspending and poor implementation, the Asian Development Bank (ADB) said.
FDI net inflows slide to lowest in over a year
NET INFLOWS of foreign direct investments (FDIs) dropped in May to its lowest level in over a year, as the emergence of new coronavirus disease 2019 (COVID-19) variants weighed on investor sentiment.
Philippines improves in digital competitiveness
THE PHILIPPINES improved two spots in a global digital competitiveness index, but still had the lowest ranking among Southeast Asian countries.
PEZA hopes moratorium on NCR ecozones will be lifted within the year
THE MORATORIUM on new economic zones (ecozones) in the National Capital Region (NCR) is expected to be lifted within the year, the Philippine Economic...
January FDI inflows highest since 2019
FOREIGN INVESTMENT flows to the Philippines recovered in January to the biggest monthly print since 2019, which the central bank attributed to investor optimism as the economy gradually reopened.
Shippers urge Palace to stop planned 949% hike in tariffs
A GROUP of shippers is urging Malacañang to stop the Philippine Ports Authority (PPA) from implementing an “unjustifiable” 949% hike in tariffs once the new operator takes over the Port of Pasig.
BSP may withdraw support only if there are ‘indisputable’ signs of economic recovery
THE CENTRAL BANK will only withdraw monetary support once it sees “indisputable” signs of economic recovery, its governor said on Tuesday.
BSP: PHL well-armed vs risk from Turkey
THE PHILIPPINES is well-armed with enough buffers to stay resilient to global shocks, the central bank chief said on Monday, amid fears that market turmoil over Turkey’s economic woes has begun to spill into emerging economies in Asia.