Business News

  • Business News | 

    US offers to finance infra projects

    The United States on Wednesday offered to help finance some of the infrastructure projects under the Duterte administration’s ‘Build, Build, Build’ program.

  • Business News | 

    Cryptocurrency trading rules eyed

    Cryptocurrency exchanges could be allowed to operate as trading platforms in the Philippines given growing global interest in virtual currencies, the Securities and Exchange Commission (SEC) said.

  • Business News | 

    Lower 2019 inflation possible – BSP chief

    Bangko Sentral ng Pilipinas (BSP) Governor Nestor A. Espenilla Jr. said they may still lower the 2019 inflation forecast of 3.7 percent after factoring in the slower second quarter growth when they meet for the policy stance next...

  • Business News | 

    GDP growth not seriously impacted by rate hikes – DOF

    Finance Secretary Carlos Dominguez on Tuesday said that recent interest rate hikes will not have a serious impact on the economy, thus allowing the government to keep its 2018 growth target of 7-8 percent for now.

  • Business News | 

    TRAIN, better admin improve gov’t H1 tax effort

    The national government’s efficiency in collecting taxes improved in the first semester of the year following the implementation of the first tax reform law along with the improvements in revenue collections, the Department of...

  • Business News | 

    FDIs up 49% on-year to $4.8 B in 5 months

    The country’s net foreign direct investments (FDI) increased by 49 percent year-on-year to $4.8 billion, boosted by growth in equity capital placements, the central bank reported.

  • Business News | 

    Metro Manila Real Estate Market Overview

    ​​JLL gives a Metro Manila real estate market snapshot of the Office, Residential, Retail and Hospitality sectors for the 2nd Quarter of 2018.

  • Business News | 

    BSP okays guidelines on reporting standards

    The Bangko Sentral ng Pilipinas (BSP) has approved the adoption of the Philippine Financial Reporting Standards 9 (PFRS 9)-Financial Instruments to promote prudence and transparency in financial reporting.

  • Business News | 

    Stock index rises above 7,800

    The benchmark Philippine Stock Exchange Index (PSEi) was off to a good start in August as it ended above the 7,800 level.

  • Business News | 

    Philippine economy to sustain growth momentum – First Metro

    First Metro Investment Corporation president Rabboni Francis Arjonillo says the country's gross domestic product may meet or even surpass the government's target of 7% in 2018

  • Business News | 

    Duterte okays merger of PhilExim with other guarantee firms

    MANILA – President Rodrigo Duterte has approved the merger of the Philippine Export-Import Credit Agency (PhilExim) with other state-run guarantee corporations particularly the Home Guarantee Corporation (HGC).

  • Business News | 

    BSP readies strong policy action vs inflation

    Bangko Sentral ng Pilipinas (BSP) Governor Nestor A. Espenilla Jr. yesterday said a strong – and the market will read that as aggressive tightening – response could be expected from the Monetary Board on August 9 to re-anchor...

  • Business News | 

    Investments up 27%, foreign equity rises 165% in first half

    Investment pledges approved by the Board of Investments in the first half of 2018 increased by 27 percent propelled by the huge 165 percent jump in foreign equity contribution.

  • Business News | 

    PHL franchise industry seen to grow by 15-20% this year

    THE LOCAL franchise industry is confident of breaching the P1-trillion revenue mark this year as it aggressively positions the Philippines as the “franchise hub of Asia.”

  • Business News | 

    Philippines capable of over 6.5% growth — S&P

    A higher economic growth is easily achievable for the Philippines as the national government ramps up infrastructure spending over the next few years, according to S&P Global Ratings.

  • Business News | 

    Philippine external debt down to $73.2B in Q1 2018

    The country’s outstanding external debt stood at $73.2 billion as of end-March, the Bangko Sentral ng Pilipinas (BSP) reported on Thursday, June 14.

  • Business News | 

    Inflation starting to ease, says BSP

    Even as it raised interest rates for the second time in as many months, the central bank believes domestic inflation is nearing its peak and it is confident enough to lower its projections for this year and the next.

  • Business News | 

    Foreign investment pledges dip by 37.9% in Q1 2018

    Total foreign investment pledges during the 1st quarter of 2018 fell sharply by 37.9% compared to the same period last year, the Philippine Statistics Authority (PSA) said on Thursday, June 7.

  • Business News | 

    ADB raises funding for PH

    The Asian Development Bank will lend the Philippines a higher $945 million this year mainly for infrastructure projects as part of the Manila-based multilateral lender’s commitment to support the Duterte administration’s ambitious...

  • Business News | 

    BSP further easing rules on foreign currency borrowing

    Bank regulators want Philippine corporate and retail borrowers to eventually have unfettered access to foreign currency loans as long as they fully understand —and fully assume responsibility for—the risks involved.

  • Business News | 

    Fitch unit hikes 2018 Philippines growth forecast to 6.5%

    BMI Research has upgraded the country’s economic growth forecast, but sees expansion slowing down after a strong performance in the first quarter.

  • Business News | 

    DOE sets seamless power supply connection of industries

  • Business News | 

    DTI monitors compliance to trade & industry laws, regulations

    Officials of the Department of Trade and Industry (DTI) recently monitored several business establishments in the province to ensure their compliance to trade and industry laws and regulations.

  • Business News | 

    Update from National Competitiveness Council: Construction Permits

    One of the frequent challenges businesses face is obtaining construction permits in a smooth and timely manner.  First, a Joint Memorandum Circular between DTI, DPWH, DILG,DICT, and NCC was released late last year to all Local...

  • Business News | 

    PH economy grows 6.8% in Q1

    The Philippine economy grew 6.8 percent in the first quarter, below the government’s target range of 7-8 percent growth for the entire year according to the Philippine Statistics Authority (PSA).

  • Business News | 

    Signing of MOU on civil aviation cooperation

    A renewed memorandum of understanding on technical cooperation between the Civil Aviation Authority of the Philippines (CAAP) and the France’s Directorate General for Civil Aviation (Direction générale de l’aviation civile -...

  • Business News | 

    Gov't eyes 8 bridges linking Luzon, Visayas, Mindanao

    The Duterte government plans to build eight major bridges that will connect the islands of Luzon, Visayas, and Mindanao.

  • Business News | 

    WTO praises PH gov’t for trade, economic, investment reforms

    The World Trade Organization (WTO) has praised the Philippine government for the trade, economic, and investment policy reforms it has undertaken in recent years and for its unwavering commitment to the multilateral trading...

  • Business News | 

    Philippine economy likely to grow above 7% in Q1 2018

    The Philippine economy is expected to grow more than 7% in the first 3 months of 2018, fueled by higher foreign investments, employment, and manufacturing output, among others.

  • Business News | 

    Report on Philippine Foreign Trade in 2017

    A recovery in exports and an increase in imports in the context of strong national economic growth has been experienced by the country in the previous year.  At a regional level, ASEAN countries were the largest trading partner...

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    French Chamber of Commerce and Industry in the Philippines 

     

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