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S&P hikes 2018 growth forecast for PHL to 6.7%

S&P Global Ratings has bumped up its growth forecast for the Philippines inspired by bets that consumption will pick up further this year, enough...

Boracay temporary closure to cost PHL economy nearly P2 billion —...

THE CLOSURE and rehabilitation of Boracay is seen to cost the economy some P1.96 billion in six months, the National Economic and Development Authority...

BSP seen to raise rates in second quarter as inflation surges

The Bangko Sentral ng Pilipinas (BSP) could consider raising rates this quarter as inflation maintains its ascent, an economic research firm said, against the...

Balance of payments deficit narrows in March

The Philippines’ external payments position saw a narrower deficit in March reflecting a wider but “manageable” trade gap, the Bangko Sentral ng Pilipinas (BSP)...

China economic growth shored up by consumption as industry eases

China’s economic expansion held up amid robust consumer spending, underpinning global growth and giving authorities room to purge excessive borrowing, while the industrial sector...

World Bank cites need to address ‘poor quality of jobs’ to...

THE WORLD BANK has labelled the poor quality of jobs in the Philippines as the "missing link" to reducing poverty and inequality in the...

BIR slaps tax evasion raps vs six firms

THE BUREAU of Internal Revenue (BIR) filed separate tax evasion charges before the Justice departments against six firms on Friday ahead of the deadline...

ADB maintains bullish outlook for Philippines

THE ASIAN Development Bank (ADB) sees the Philippines sustaining its upward economic growth trajectory on the back of the government’s push for large-scale infrastructure...

FDIs hit two-month high in January

Foreign direct investments (FDI) surged to a two-month peak in January, the central bank said Tuesday, April 10, with inflows expected to keep rising...

Gov’t targets 2018 OK for all major projects

THE CURRENT ADMINISTRATION hopes to get the green light for all its flagship infrastructure projects by yearend -- as it approaches the midpoint of...

Fed favors gradual rate approach — US central bank chief

Chicago, United States -- Federal Reserve Chairman Jerome Powell on Friday used his first speech as central bank chief to offer a rosy view...

Movies in spotlight as Jokowi seeks to reshape Indonesia economy

JAKARTA — Indonesia wants to lower its reliance on natural resources and President Joko Widodo is turning the spotlight on films, fashion and handicrafts. Growth...

Inflation tops 4%, hits a fresh peak in March

Consumer prices in March picked up further to its fastest pace in more than five years on account of increased prices in food and...

Finance sees March inflation at 4.1%

THE DEPARTMENT of Finance (DoF) expects inflation to have peaked at 4.1% in March from 3.9% in February due to upticks in prices of...

Moody’s says overheating farfetched; FMIC, UA&P see Q1 growth past 7%

By Melissa Luz T. Lopez Senior Reporter THE PHILIPPINE ECONOMY is far from overheating, with growth poised to clock faster even as inflation quickens further, according...

Yields on term deposits end mixed

By Melissa Luz T. Lopez, Senior Reporter YIELDS on term deposits saw mixed movements on Wednesday ahead of a break from trading, matching the reduced...

Inflation to hit peak in 3rd quarter

INFLATION is expected to keep rising to hit a peak in July to September, the Bangko Sentral ng Pilipinas (BSP) said, but maintained that...

US-China trade fight depends on Trump goals

WASHINGTON -- How bad will the US-China trade fight get? That depends on whether President Donald Trump will settle for a reduction in China’s...

Economy to withstand higher interest rates

By Melissa Luz T. Lopez Senior Reporter THE PHILIPPINE economy is robust enough to afford higher borrowing rates, the country’s central bank chief said, following dovish...

PMO remits P17.4M to Treasury

THE Privatization and Management Office (PMO) remitted some P17.4 million to the Bureau of the Treasury in January. In a statement on Friday, the PMO...

BSP holds interest rate as inflation seen in target

The Philippine central bank left its benchmark interest rate at a record low as it forecast inflation will remain inside the target band this...

BOI approves manufacturing investments worth P6.95 billion

The Board of Investments (BOI) in a statement released on Thursday, March 22, said it has approved three expansion projects in the manufacturing sector...

HSBC sees faster growth in remittances this year

Cash remittances are expected to grow faster this year as overseas Filipino workers (OFWs) will likely take advantage of a weaker peso to send...

Trade war to US inflation to be in focus for emerging...

Emerging-market investors will be gauging the effect of a possible trade war after President Donald Trump revealed his tariff plans. They will also be...

Trade gap continues to widen as imports outpace exports in January

THE Philippines’ trade deficit continued to widen in January with imports rising by double-digits amid flat exports growth. Preliminary data released yesterday by the Philippine...

Economy on track to grow by at least 7% this year

By Melissa Luz T. Lopez, Senior Reporter DAVAO CITY — The Philippines is on track to achieve at least seven percent growth this year, with...

DTI open to lowering capital threshold for foreign retail business owners

THE DEPARTMENT of Trade and Industry is open to lowering the paid-up capital threshold for foreigners to own retail businesses in the country to...

Customs bureau forges data exchange deal with China

THE Bureau of Customs (BoC) has forged a data exchange arrangement with its counterparts in China, as the government eyes to improve safeguards versus...

Imports outpaced exports in January

Trade deficit continued to widen in January with imports growing in double-digits while exports growth was flat. Preliminary data released yesterday by the Philippine Statistics...

Inflation grows at fastest pace in over three years

CONSUMER prices rose at its fastest rate in more than three years in February, on the back of increased prices in food and non-alcoholic...

Global economic upswing knocked back by Trump’s trade-war threat

Investors are worried that Donald Trump will derail world growth. An announcement last week of tariffs on imported steel and aluminum triggered a slide in...

Inflation likely to pick up pace in next two months —...

Inflation will likely peak at 4.5% over the next two months as it reels from the impact of higher crude prices and new taxes...

Thrift banks’ NPLs climb in 2017

SOURED DEBTS held by thrift lenders grew by a tenth in 2017 to match the increase in total loans granted from a year ago,...

Gov’t to hand out ‘unconditional’ cash transfers in Q1

By Melissa Luz T. Lopez, Senior Reporter THE GOVERNMENT will start handing out cash transfers to some 7.4 million households by March, with the P200...

Batangas rural bank ordered shut

A RURAL BANK in Batangas has been ordered shut by the Bangko Sentral ng Pilipinas (BSP), becoming the second lender to be closed down...

PHL posts largest annual trade deficit in 2017; factory output slumps

By Christine Joyce S. Castañeda and Jochebed B. Gonzales, Senior Researchers THE Philippines’ trade deficit hit a new record high in December as exports contracted for...

Tax collections in 2017 highest in 11 years

By Melissa Luz T. Lopez, Senior Reporter TOTAL TAX collections in 2017 accounted for 14.3% of the Philippine economy to log the highest in over...

Pag-IBIG Fund posts record high loans, earnings

STATE-OWNED Home Development Mutual Fund, also known as Pag-IBIG Fund, booked record-high home loan disbursements and earnings in 2017, it said on Friday. In a...

Gov’t cites benefits from removal of QR on rice imports

MAJORITY of Filipinos are expected to benefit from lower retail prices of rice should the agricultural tariffication law be amended, the National Economic and...

Exports contract in December

Merchandise export sales contracted in December due to declines posted by four out of the top ten commodities for the month, the government reported...

Faster price pickup seen till June

INFLATION RATE will likely keep rising until June as the second-round effects of tax reform creep in, an analyst at a global bank said...

BSP keeps watch as inflation spikes

By Mark T. Amoguis Researcher with Melissa Luz T. Lopez Senior Reporter THE OVERALL INCREASE in prices of widely used goods and services surged in January by its...

Economists say hawkish-tilting Fed could move rates quicker

WASHINGTON -- The Federal Reserve likely will leave the benchmark US interest rate untouched this week, but economists say the changing composition of the...

BMI flags rising risks in Philippine infrastructure

THE Philippines’ infrastructure sector faces rising risks from implementation hurdles and political concerns, BMI Research said in a Jan. 24 note. The Fitch Group unit...

Economic expansion to ease — BMI

PHILIPPINE economic growth is expected to moderate until next year -- due largely to base effects from 2016’s election-related boost and a “deterioration of...