Duterte vows to resign if son proven corrupt PRESIDENT RODRIGO R. Duterte on Wednesday vowed to resign if one of his children, particularly his vice-mayor son, is found involved in a corruption scandal hounding the […]
IMF cuts Philippines GDP forecast to 6.6% The International Monetary Fund (IMF) slashed anew its economic growth forecasts for the Philippines after weak private consumption pulled down gross domestic product (GDP) expansion in the first […]
Forex reserves fall to $80.8 B in July The foreign exchange buffer of the Philippines narrowed for the second straight month to hit a seven-month low of $80.78 billion in July, the Bangko Sentral ng […]
Consumer spending to boost GDP in H2 The expected increase in household and government consumption would help GDP grow by more than 7 percent in the second half of the year, according to the National […]
PH proposal on commercial use of SCS dropped from code framework The Association of Southeast Asian Nations (ASEAN) and China omitted from the framework of a pending rules code on the South China Sea – […]
Auto sector to get ‘triple whammy’ from tax plan On top of increasing excise tax on petroleum products and automobiles, the Duterte administration is also poised to impose higher registration fees for all motor vehicles, […]
PHL enters $3-trillion global halal market THE Philippines is now ready to join the $3.2-trillion global halal market after the Philippine Halal Export and Development Promotion Board, led by the Department of Trade and Industry […]
Philippines lags behind Asean-5 peers on WTO’s 2017 importers, exporters list The Philippines trailed behind its Asean-5 neighbors on the list of top world exporters and importers, World Trade Organization (WTO) data showed. — Business […]
Remittances, BPO revenues seen to shield peso The Bank of Tokyo – Mitsubishi UFJ Ltd. (BTMU) said steady remittances and revenues from the business process outsourcing (BPO) sector would continue to stabilize the peso amid […]
Hot money net outflow hits $457M yr-to-date FOREIGN portfolio investments in the Philippines so far this year registered a net outflow of $457.83 million as of mid-July, reversing a net inflow of $773.77 million posted […]
Philippines to remain fastest growing economy in region: Fitch The Philippines will likely remain the fastest growing economy in Southeast Asia for the next five years, Fitch Ratings said in its report “Asia Pacific Sovereign […]
Philippines buys 250,000 tons of rice to boost stockpiles THE NATIONAL FOOD AUTHORITY (NFA) purchased 250,000 metric tons (MT) of rice in a tender yesterday from suppliers in Vietnam, Thailand and Singapore, as it rushed […]