OFW remittances hit $2.8B in Aug Overseas Filipino workers (OFWs) sent home $2.8 billion in August, the Bangko Sentral ng Pilipinas reported on Monday, with year-on-year growth of 9.4 percent the fastest pace seen in […]
Govt infra, capital spending up 18.1% Infrastructure and other capital spending climbed in August, the Budget department said, with government resources having been used for priority public works, education and health projects. — The Manila […]
40 European firms set sights on PH renewable energy market About 40 European companies are set to visit the Philippines this month to explore opportunities in the local renewable energy sector, said an official of […]
Duterte foreign trips reaped $59.3 billion in economic gains: finance chief President Rodrigo Duterte’s foreign visits have resulted in $59.3 billion in economic gains, Finance Secretary Carlos Dominguez said Wednesday, after an opposition lawmaker raised […]
IMF, AMRO see slower PHL growth for this year THE PHILIPPINES will likely remain a growth leader in Southeast Asia, the International Monetary Fund (IMF) and regional think tank ASEAN+3 Macroeconomic Research Office (AMRO) said, […]
World Bank: Easing of migration rules to cut poverty in Asean Southeast Asian countries like the Philippines will have a better chance of reducing poverty if governments will lift the restrictions to migration, the World […]
Govt to earn P24 billion in taxes annually from Mighty-JTI deal THE Department of Finance (DOF) estimates government revenues in the form of sin tax from the acquisition of Japan Tobacco International Inc. (JTI) of […]
Philippine govt stops condom distribution to students The Philippine Health Department says it will stop distributing condoms to high school students following an outcry from various social elements, especially Catholic Church leaders. — UCANEWS China […]
World Bank cuts PH growth forecast to 6.6% The World Bank has once again cut its 2017 growth forecast for the Philippines, citing delays in the implementation of the government’s “Build Build Build” program. — […]
UnionBank has lock-card feature to secure client accounts Card fraud remains one of the biggest concerns faced by cardholders and banking institutions today. As Filipinos become more dependent on banking for many of their financial […]
NFA collects P11.86-million fines from erring grains retailers The National Food Authority (NFA) collected P11.86 million in fines and enforcement fees from 1,758 grains sellers who violated the country’s grains business laws in January to […]
Philippines manufacturing PMI inches up in September The Nikkei Philippines Manufacturing Purchasing Managers’ Index, or PMI, edged up in September, indicating the continued subdued growth of the manufacturing economy. — Nikkei Asian Review Senate probes […]