Budget deficit widens more than fivefold in July
By Justine Irish D. Tabile, Senior Reporter THE NATIONAL Government’s (NG) budget deficit widened more than fivefold in July as spending jumped nearly 20% driven...
Author : Michael H. Henry
Infrastructure spending plunges by 34% in June
By Justine Irish D. Tabile, Senior Reporter INFRASTRUCTURE SPENDING plunged by 34% in June as stricter validation, audit and documentation requirements delayed disbursements, the Department...
AMRO cuts Philippine growth outlook until 2027 on inflation, investment concerns
By Katherine K. Chan, Reporter THE PHILIPPINES will likely miss its growth targets until 2027 as its investment slump and still heated inflation weigh on...
PSE sees fewer brokers if SEC raises capital bar
By Alexandria Grace C. Magno, Reporter THE PHILIPPINE Stock Exchange, Inc. (PSE) expects the number of stock brokerage firms to decline further if the Securities...
PetroEnergy to sell 35% Nabas wind stake to Japan firm for P1.7 billion
YUCHENGCO-LED PetroEnergy Resources Corp. (PERC) said its board has approved the sale of a 35% stake in PetroWind Energy, Inc. (PWEI) to Japan-based SMFL Mirai...
Maynilad board approves New Clark City water investment
WEST ZONE concessionaire Maynilad Water Services, Inc. said its board has approved an investment in a public-private partnership (PPP) project with Korea Water Resources Corp....
URC gets PCC clearance for 21% NURC stake sale to Nissin Foods Asia
UNIVERSAL ROBINA Corp. (URC) said the Philippine Competition Commission (PCC) has cleared its proposed sale of a 21% stake in instant noodle maker Nissin Universal...
SEC proposes stricter margin financing rules
THE Securities and Exchange Commission (SEC) is proposing changes to rules governing margin financing, including tighter standards for securities that investors may buy using funds...
Philippine central bank hikes key rate for third straight meeting
By Katherine K. Chan, Reporter The Bangko Sentral ng Pilipinas (BSP) tightened for a third straight meeting on Thursday, but remained measured as it sought...
LPA likely to develop into tropical cyclone, threatens Luzon, Visayas
A low-pressure area (LPA) is likely to develop into a tropical depression within 48 hours and will enhance the southwest monsoon, threatening Luzon and Visayas...