PHL attracts $1.204 billion in ‘hot money’ last year THE Philippines proved to be an attractive destination for short-term foreign investments, as foreign portfolio investments (FPI) returned to the inflow territory in 2018, according to […]
PH growth forecast for 2018, 2019 cut The regional macroeconomic surveillance organization Asean+3 Macroeconomic Research Office (Amro) has cut its 2018 and 2019 growth forecasts for the Philippines even as Budget Secretary Benjamin Diokno on […]
The new Boracay: not how you remember it The world’s most popular Asean beach of 2018 is again open for business after having undergone a six-month-long overhaul under armed military guard. — AEC News Today […]
World Bank doubles Philippines’ natural disaster risk insurance to $390 million The World Bank nearly doubled the Philippines’ natural disaster risk insurance in 2017 with a new $390 million in coverage that became effective Dec. […]
Collection in 9 months under TRAIN 94.7% of target: DOF REVENUE collections for the first three quarters of 2018—with the implementation of the Tax Reform for Acceleration and Inclusion law—were slightly below target, but the […]
Philippines’ October net FDI lowest in 15 months Foreign direct investment (FDI) in the Philippines dipped to its lowest in 15 months in October, but inflows in the first 10 months of 2018 were 1.8 […]
2018 infra spending seen hitting 6.2% of GDP — DBM The Department of Budget and Management (DBM) expects infrastructure spending managed to maintain its robust growth pace last year in line with the Duterte administration’s […]
Investors swamp Philippine’s $1.5-B global bond sale The Philippines raised $1.5 billion in new money from the sale of 10-year dollar-denominated global bonds, marking the country’s successful return to the international debt market this year, […]
PHL dollar reserves rise to $78.46 billion in December THE country’s dollar holdings continued to expand in December after registering declines in previous months, as the peso strengthened against the greenback toward the end of […]
PH inflation averages 5.2 pct in 2018, highest since 2008 The country’s inflation cooled to a 7-month low last month, going below most analyst estimates, but as Bruce Rodriguez reports government still has work to […]
Government debt jumped by P758 billion to reach P7.2 trillion in November Outstanding government debt jumped P758 billion, or 11.8 percent, over a 12-month period to hit a record P7.195 trillion in November 2018, data […]
Senate lines up final ok of P3.7-trillon budget, worker tenure bills THE Senate leadership has lined up for plenary deliberation and early approval the proposed P3.7-trillion 2019 national budget on top of other priority bills […]