BSP sees steady inflation rate in May
The steady increase in fuel prices in May—after dropping sharply in the previous month at the height of the lockdown imposed to fight the coronavirus pandemic—may have pushed the country’s…
Metro Pacific resumes work on big-ticket infra projects
The tollroad arm of Metro Pacific Investments Corp. has restarted work on big-ticket projects as the government has eased strict quarantine measures. In a statement on Friday, subsidiary Metro Pacific…
PSEi pushes past 5,800 as market celebrates NCR’s reopening
The local stock barometer rallied to the 5,800 mark in heavy volume on Friday as investors anticipated the reopening of Metro Manila after a two-month lockdown alongside a scramble to…
Peza insists on status quo in fiscal incentive system
The Philippine Economic Zone Authority (Peza) has warned against experimenting on new tax breaks in the middle of the pandemic, but the Department of Trade and Industry (DTI) said the…
Poe: Private sector first to act vs COVID-19
Sen. Grace Poe on Friday (May 29) praised the private sector’s early action in the fight against the novel coronavirus disease (COVID-19) amid what was described as the Duterte administration’s…
PH adds $1.25B in loans to war chest vs COVID-19
The Philippines secured a total of $1.25 billion in loans from two multilateral lenders last Thursday (May 28), filling its war chest in the fight against COVID-19. The China-led Asian…
Pre-need industry posted P718.6-million loss in 2019, says IC
Pre-need companies sold more plans last year, but the industry incurred a net loss of P718.6 million due to bigger liabilities. Citing unaudited interim financial statements, Insurance Commissioner Dennis B.…
World shares fall as Hong Kong, US-China tensions weigh
BANGKOK — Shares fell Friday in Europe and Asia as investors awaited a news conference about China by President Donald Trump later in the day. A man and a woman…
BSP sees steady inflation rate in May despite gas price hike
The steady increase of fuel prices in May—after dropping sharply in April at the height of the lockdown imposed to fight the COVID-19 pandemic—may have pushed the country’s inflation rate…
PH funds for COVID-19 response still not enough, says London think tank
The Philippine government would need bigger fiscal support, which could mean more public money, directed toward COVID-19 response than it already has as it gradually opens the economy although cases…