Economy

BSP forecasts August inflation at 5.9%

MANILA -- Philippine monetary officials are expecting inflation to soar even higher in August, about 5.9 percent, or even higher than a month-ago’s multiyear high of 5.7 percent. In a statement Friday, the...

Technology boosting PH SMEs’ competitiveness: survey

MANILA -- Adaptation by Philippine-based small and medium enterprises (SMEs) is high and this gives them a big advantage to be at par with the best in the world. Results of the survey...

Corruption preventing PH’s economic progress: Duterte

MANILA -- President Rodrigo R. Duterte on Thursday lamented how the Philippines would take longer to reach the economic progress achieved by its neighboring countries due to massive corruption within government. “If we...

Dominguez not amenable to budget deficit beyond 3% of GDP

MANILA -- Finance Secretary Carlos Dominguez on Tuesday said he is willing to accept changes in the proposed tax reform measures but not the change in the deficit ceiling, which was placed...

House, DBM agree to push for ‘hybrid’ budgeting system: Andaya

MANILA -- The House of Representatives has reached a compromise with the Department of Budget and Management (DBM) to adopt a "hybrid" budgeting system for the 2019 national budget, House Majority Leader...

Dominguez says hefty investments fueling PH’s rapid growth

MANILA -- Finance Secretary Carlos Dominguez III said in a statement on Tuesday that the Philippines continues to be among the best performing economies in Asia, on the strength of higher foreign...

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