Southwest monsoon to still drench Luzon in next few days, PAGASA
The southwest monsoon that has been drenching Luzon since last week will continue to bring heavy rainfall over the area in the next few days,...
Author : Michael H. Henry
Rate hike seen despite growth slump
By Katherine K. Chan, Reporter A THIRD STRAIGHT rate hike from the Bangko Sentral ng Pilipinas (BSP) is expected later this month as it seeks...
Proposed higher excise taxes likely to further stall consumer spending
By Katherine K. Chan, Reporter THE PHILIPPINES’ already subdued consumer spending could come under further pressure if the government pushes through with plans to hike...
Semiconductor exports could reach up to $54B this year — SEIPI
By Beatriz Marie D. Cruz, Senior Reporter PHILIPPINE EXPORTS of semiconductor and electronic products could reach a new high of $54 billion this year amid...
NG debt service bill increases to P77.2 billion in June
By Justine Irish D. Tabile, Senior Reporter THE NATIONAL Government’s (NG) debt service bill jumped in June on higher interest and amortization payments, the Bureau...
Meralco to refund P0.59/kWh this month
MANILA ELECTRIC CO. (Meralco) will refund residential customers at a rate of P0.59 per kilowatt-hour (kWh) in their August electricity bills following approval by the...
Mixed data, Mideast news to keep market wary
PHILIPPINE SHARES may move sideways this week as investors stay cautious amid lingering geopolitical tensions and mixed domestic economic data, with slower-than-expected growth clouding the...
PHL seen retaining UMIC status despite economic slowdown
By Justine Irish D. Tabile, Senior Reporter THE PHILIPPINES is unlikely to lose its newly attained upper-middle income country (UMIC) status despite the sharp economic...
Luisita interchange expansion due to break ground this week
THE Bases Conversion and Development Authority (BCDA) said it is set to break ground for the expansion of the Luisita interchange in Tarlac City this...
DoF sees 10% of GOCCs at risk of abolition
THE Department of Finance (DoF) said non-performing government-owned and -controlled corporations (GOCCs) could be abolished to free up public resources. “As a matter of principle,...