economy

9-month collections up but BIR, BOC unlikely to hit 2024 targets–Recto

The government collected higher taxes and customs duties in the first nine months of the…

BSP seen to cut rates by 25 bps on Oct. 16

The Bangko Sentral ng Pilipinas (BSP) will likely opt for a quarter-point interest rate cut…

FDIs hit 5-month high of $820M in July

Hefty lending between multinational firms and their Philippine subsidiaries lifted foreign direct investments (FDIs) to…

PH trade deficit narrows; exports gain ground  

The Philippines’ trade deficit in August narrowed to a two-month low as both exports and…

Weaker peso continues to bog down PSEi

The Philippine Stock Exchange index (PSEi) suffered a three-day losing streak as investors continued to…

WB upgrades PH growth outlook, flags AI risks

The World Bank upwardly revised its growth forecasts for the Philippines for 2024 and 2025…

T-bill rates rise across the board as investors temper dovish US Fed bets

As expected, yields on Treasury bills (T-bills) went up on Monday’s auction, tracking the uptick…

GIR hits record-high $112B

Inflows from fresh foreign borrowings of the Marcos administration and an increase in the value…

Elation over inflation news continues as PSEi breaches 7,500

The spillover from last week’s inflation surprise continued on Monday as investors bought up local…

’24 GDP growth target may be upgraded, says budget chief

With the recent slowdown of inflation, the Philippine economy could grow at a faster pace…