THE country’s manufacturing output posted its slowest growth in 17 months, according to the latest Production Index and Net Sales Index report of the Philippine Statistics Authority (PSA).

THE Bangko Sentral ng Pilipinas (BSP) does not consider the recent slowdown in inflation as well as the expected continuation of the downtrend in December as enough reason to ease monetary policy.

Over 3 million Filipinos still practice open defecation nationwide, mirroring the poor sanitation coverage in the Philippines, according to the World Bank.

SEVEN out of 10 Filipinos believe their jobs will change because of Artificial Intelligence (AI), according to LinkedIn’s 2024 workplace trends survey.

The lack of women leaders and champions in climate change-related activities and sectors, such as renewable energy and agriculture, could make it difficult for countries like the Philippines to make the just transition to a green and more sustainable ...

THE Philippines’s project pipeline with the World Bank amounted to $2.8 billion with the largest allocations being for two development policy loans (DPLs).

FINANCIAL regulation that ensures the availability of loans in regions is key to boosting trade in services nationwide, according to a discussion paper published by the Bangko Sentral ng Pilipinas (BSP).

THE Philippines has chosen its negotiators to champion the country’s interests under the trade pillar of the Indo-Pacific Economic Framework for Prosperity (IPEF).

ANY fee increase that the Philippine Ports Authority (PPA) intends to impose must go through a regulatory impact assessment (RIA) required under the Ease of Doing Business (EODB) Law, according to local exporters.

UNILATERAL decisions made by countries that distort trade highlight the need to reform World Trade Organization (WTO) rules and procedures, according to trade experts from the European University Institute (EUI) and the Asian Development Bank (ADB).

Uncertainties in the global economy continued to pummel the country’s Foreign Direct Investments (FDI) in August.

FILIPINOS trying their best to keep up with rising prices led to the slowest consumption growth in two years, according to local economists.

AMID the reduction in manufacturing jobs, Philippine Statistics Authority (PSA) data showed average capacity utilization of factories improved in September.

The Department of Agriculture (DA) may find it difficult to reactivate the Bureau of Agriculture Statistics (BAS) as its return would require the amendment of the Philippine Statistics Authority (PSA) charter.

THE chief of the National Economic and Development Authority (Neda) said the Philippines cannot afford to wait for Chinese Official Development Assistance (ODA) to finance three railway projects.

SLOWING inflation may be good news for some but this may also indicate weaker demand, thus, lower economic growth, according to local economists.

THE country’s external trade performance may continue to be lackluster and may already be the new normal for the Philippines given the “unilateral” decisions made by its two biggest trade partners—China and the United States.

ADDRESSING learning poverty will allow the Philippines to attain the second demographic dividend which holds the key to fast economic growth all the way to 2100, according to the National Economic and Development Authority (Neda).

THE ongoing crisis in the Middle East will have a muted impact on commodity prices, based on the World Bank’s latest estimates which showed the increase in commodity prices slowing despite the geopolitical disruption.
The post WB: Mideast conflict impa...

THE country’s debt payments grew 57.37 percent in the January to September period this year, according to the latest data released by the Bureau of the Treasury (BTr).
The post 9-month debt payments rise 57.37% to ₱1.4 billion first appeared on Busines...

ONLINE sellers will be required to start paying withholding taxes by December as the Bureau of Internal Revenue (BIR) expects the guidelines to be completed before the end of the year.
The post BIR alerts online sellers on start of tax payment first ap...

INFLATION in October may ease but will stay on an elevated path, a development that will weigh heavily on the Monetary Board’s deliberations on monetary policy next month.
The post October Inflation crucial to next move on rates first appeared on Busin...

THE Bureau of Customs (BOC) is confident of meeting—even exceeding—its full-year tax collection targets on the back of higher tax volumes and improved efficiency in its operations.
The post BOC sees full-year revenue goal being met, or breached first a...

BENEFICIARIES of the administration’s Pambansang Pabahay para sa Pilipino (4PH) Program will receive training from the Technical Education and Skills Development Authority (TESDA), according to the Department of Human Settlements and Urban Development ...

DEMAND for bank loans is expected to increase this quarter with higher spending and investment from both households and enterprises, according to the Bangko Sentral ng Pilipinas (BSP).
The post Consumption, housing spend drive loan appetite–BSP poll fi...

COSTLY red tape has made imported green technologies more expensive in the Philippines, thanks to Non-Tariff Measures (NTMs), according to the World Bank.
The post High NTMs, red tape make green tech costlier first appeared on BusinessMirror.

The government is exploring the use of satellite technology for real-time monitoring of production areas using remotely sensed images provided through technology developed by the University of the Philippines-Los Baños (UPLB).
The post Neda may tap SAR...

DESPITE the warning of the National Economic and Development Authority (Neda) on the ill effects of further monetary tightening on the economy, the Bangko Sentral ng Pilipinas (BSP) remains undeterred in its hawkish stance and still intends to raise in...

THE Bangko Sentral ng Pilipinas (BSP) has not received an application for the merger of the LandBank of the Philippines (LBP) and the Development Bank of the Philippines (DBP).
The post Application on LBP-DBP merger not yet with BSP first appeared on B...

THE tight monetary policy of the Bangko Sentral ng Pilipinas (BSP) should be maintained until inflation slows, as far as the Association of Southeast Asian Nations (Asean) Plus 3 Macroeconomic Research Office (Amro) is concerned.
The post AMRO cuts 202...

THE growth in the country’s domestic liquidity (M3) and loans of universal and commercial banks (U/KBs) remained a “bright spot” for Philippine economic performance, according to a local economist.
The post Growth in M3, bank loans ‘bright spot’ in PHL...

THE tight monetary policy of the Bangko Sentral ng Pilipinas (BSP) is expected to adversely affect the economy’s performance in the third quarter, according to a United Kingdom-based think tank.
The post Q3 growth to ‘slow’ on BSP’s tight policy first ...

IT will take three to four decades more before the Philippines becomes what is called “an aging society,” according to the National Economic and Development Authority (Neda).
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INVESTORS looking to park their funds in the Maharlika Investment Fund (MIF) will find that some of these investments will find their way into the Infrastructure Flagship Projects (IFPs), according to the National Economic and Development Authority (Ne...

NEARLY all 10-year-old Filipinos cannot read and understand age-appropriate reading materials, according to the World Bank.
The post 91% Learning poverty thrice govt estimates first appeared on BusinessMirror.

THE country continued to post a Balance of Payments (BOP) deficit for the fifth consecutive month in August 2023, according to the Bangko Sentral ng Pilipinas (BSP).
The post August BOP widens to $57M on debt payments first appeared on BusinessMirror.

THE recent spike in inflation prompted the Asian Development Bank (ADB) to revise its growth forecast for the Philippines this year.
The post ADB lowers growth forecast on inflation hike first appeared on BusinessMirror.