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The government plans to spend P771.1 billion in the last quarter of this year, according to data from the Department of Budget and Management (DBM).

The stock market is expected to consolidate further this week following the release of the third quarter economic performance, analysts said.

The Bangko Sentral ng Pilipinas (BSP) expects banks to comply with the liquidity requirements over a longer period of one year as part of efforts to further strengthen the liquidity and capital positions of banks.


It was not too long ago when what was then known as Fort Bonifacio was one large expanse of green. The Ministry of Energy was probably the only cabinet level civilian office that was allowed to build its headquarters there.

One economic policy from a previous administration involved moving weekday holidays around so they would result in long weekends.

Latest Business News

President Rodrigo Duterte on Tuesday called for the completion of the Regional Comprehensive Economic Partnership agreement, saying the deal could unleash new growth potentials in the region.

Newly installed New Zealand Prime Minister Jacinda Ardern officiated on Tuesday the signing of a new cooperation agreement allowing nonstop direct flights from Manila to Auckland.

US President Donald Trump has accepted a proposal from the Philippines to explore a bilateral free trade agreement with the world’s largest economy.

The Philippines needs to aggressively invest in infrastructure to attain as much as nine percent economic growth and make progress felt by more Filipinos, business leaders said yesterday.

The Philippines has moved up to the upper half of the 10-country Association Southeast Asian Nations in attracting foreign direct investments after settling at the bottom half and in the middle of the pack the previous years.

Share prices nose dived yesterday, erasing previous gains after another weak finish on Wall St. on concerns about the US tax reform deal.

Economists said they expect the Bangko Sentral ng Pilipinas to raise interest rates next year as higher utility rates and oil prices, as well as the weak peso continue to put more pressure on consumer prices.

Phoenix Petroleum Philippines Inc., the oil firm of Davao-based businessman Dennis Uy, posted a 59 percent jump in profits from January to September 2017 following the significant contribution of its newly-acquired liquefied petroleum gas business.

Ports tycoon and casino magnate Enrique Razon has decided to keep his casino in Jeju, Korea, his first venture overseas.

The approval and actual implementation of various Chinese projects in the pipeline for the Philippines are expected to get a boost from China Prime Minister Li Keqiang’s visit to Manila.


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