The Bangko Sentral ng Pilipinas (BSP) is in no hurry to lower the banks’ reserve requirement so as not to send mixed signals to the financial markets.
The national government spent P536.66 billion for debt payments in 2016, up slightly 0.5 percent from P534.14 billion in 2015, data from the Bureau of the Treasury (BTr) showed.
Philippine Airlines (PAL) is set to take in a strategic investor from the airline industry as early as the first-half of this year, its top official said.
The Insurance Commission has reduced the number of documentary requirements for insurance companies as part of efforts to cut red tape.
The Philippines may be better off having two profitable telecommunication companies providing mobile internet connectivity, a telco industry executive said.
Savemore Market has embarked on a rapid expansion mode with the opening of several stores in different parts of the country, bringing the current network to 166 stores nationwide.
More manufacturing companies, particularly in the automotive sector, are relocating some of their Chinese operations back to the Philippines, according to Jones Lang Lasalle Philippines.
Community mall pioneer Walter Mart has teamed up with Aboitiz Power Corp. to power up its new malls under the Retail Competition and Open Access (RCOA) regime.
The market, through the benchmark Philippine Stock Exchange index (PSEi), is seen trading at a range of 7,000 to 7,400 this week, traders said.
Dutch financial giant ING Bank expects a slower growth of six to 6.2 percent for the Philippine economy in the first quarter due to moderate government spending and higher unemployment.
Fewer Filipino households allocated portions of remittances they received from their loved ones abroad to save and invest during the first quarter of the year as they prioritize their spending amid the sharp rise in consumer prices, results of a quarterly survey conducted by the Bangko Sentral ng Pilipinas (BSP) showed.
Investment banks expect the Bangko Sentral ng Pilipinas (BSP) to raise interest rates as early as May after keeping a dovish policy stance for almost three years.
The Bangko Sentral ng Pilipinas (BSP) said close to P800 billion worth of funds parked at the former special deposit account (SDA) facility had been migrated to the term deposit facility (TDF) since the shift to the interest rate corridor (IRC) framework nine months ago.