Business

NFA can’t match traders’ offer for palay

BALANGA CITY, Bataan -- The National Food Authority's (NFA) offer of PHP17 per kg. of palay cannot compete with the PHP28 per kg. or more offered by private rice traders. With this in...

Peso stays firm, PSEi slides on trade war, storm aftermath worries

MANILA -- The Philippine peso showed resilience, closing little changed against the greenback on Wednesday while the Philippine Stock Exchange index (PSEi) fell anew, partly on investors' persistent worries about the inflationary...

Robust growth seen to widen PH’s current account deficit

CLARK, Pampanga -- An economist of Barclays forecasts continued widening of the Philippines’ current account deficit to above two percent of gross domestic product (GDP) as the country imports more to meet...

Barclays keeps bullish outlook for PH

CLARK, Pampanga -- An economist of Barclays remains optimistic about an above six percent expansion for the Philippine economy in 2018 amid risks from elevated inflation. In a briefing at the sidelines of...

Gov’t to gain P5.3-B for hiking processed meat tariff

MANILA -- An industry group said the government will gain some PHP5.3 billion in revenues if it will increase the tariff on mechanically deboned meat (MDM), or the raw materials used for...

ADB sees PH economy sustaining growth despite inflation

MANILA -- The Asian Development Bank’s (ADB) chief economist remains optimistic the Philippine economy will sustain its growth momentum on strong domestic demand and public and private investments, despite rising inflation. “If you...
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