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Rising prices, weaker peso slightly hurt business confidence in Q2 2018
MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) announced that business confidence slightly declined for the 2nd quarter of 2018, based on the results of its Q2 2018 Business Expectations...
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Cynthia Villar slammed over business interests anew
MANILA, Philippines—An advocacy group called out Senator Cynthia Villar for allegedly blocking policies that were unfavorable to her family's businesses.Campaign for Land Use Policy NOW (CLUP NOW)...
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Gov't to support farmers amid moves to lift rice import quotas
MANILA, Philippines – The government will help farmers compete with their counterparts in the region in the likely event of a liberalization of rice imports in the country, the chairperson of the...
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U.S. to impose steel, aluminum tariffs on EU, Canada, Mexico
WASHINGTON DC, USA – The United States said Thursday, May 31, it will impose stiff tariffs on steel and aluminum imports from the European Union, Canada, Mexico, reviving fears of a trade war with...
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May 2018 inflation likely to breach target again – BSP
MANILA, Philippines – May inflation figure is projected to breach another record high, settling within 4.6% to 5.4%, according to the projections of Bangko Sentral ng Pilipinas (BSP) Department of...
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LOOK: Philippine Airlines gets 1st aircraft under fleet renewal program
MANILA, Philippines – Philippine Airlines (PAL) announced on Friday, June 1, it had received the delivery of its first A321neo aircraft in Hamburg, Germany – the first it ordered under its fleet...
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Visa close to 'normal' after outage blocks transactions across Europe
LONDON, United Kingdom – Payment systems giant Visa said on late Friday, June 1, it was "operating at close to normal levels" after a hardware failure left it struggling to process transactions in...
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EU joins global battle against Trump tariff onslaught
WHISTLER, Canada – The EU on Friday, June 1, launched its first counteroffensive against Washington's punishing steel and aluminum tariffs while the US began meetings in Canada with outraged finance...
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DOJ asked to probe 'leaked' resolution in Okada estafa case
MANILA, Philippines – The Department of Justice (DOJ) was formally asked to investigate the leaking of a resolution that involved a $10-million estafa case against Japanese tycoon Kazuo Okada.Tiger...
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Congress pushes for climate-based crop insurance
MANILA, Philippines— Farmers can worry less about losing income due to natural calamities, should Congress pass a proposed law on climate-based crop insurance.Senator Cynthia Villar, chair of the...
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Global airport capacity crisis amid passenger boom – IATA
SYDNEY, Australia – Governments need to urgently tackle a capacity crisis facing airports as demand for international travel grows, but they should be cautious about private sector involvement, the...
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Philippine inflation spikes at 4.6% in May 2018
MANILA, Philippines (2nd UPDATE) – Inflation, or the movement of prices of basic goods and services, showed no signs of slowing down as it further accelerated to a new 5-year high of 4.6% in May,...
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Unemployment down, underemployment up in April 2018
MANILA, Philippines – There were more people with jobs in April compared to the same period last year, but the number of underemployed workers also increased, the Philippine Statistics Authority (PSA)...
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Despite higher inflation, economic managers reject TRAIN law suspension
MANILA, Philippines – The country's economic managers on Tuesday, June 5, rejected calls to suspend the implementation of the tax reform law amid higher transportation costs and prices of basic goods...
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Philippines, South Korea sign P9-B loan deal for Cebu container port
MANILA, Philippines – South Korea formally agreed to provide a P9.1-billion loan for the construction of a new container port for Cebu during President Rodrigo Duterte's visit to Seoul.The loan...
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How much does a family in the PH need to live decently?
MANILA, Philippines – After the National Economic and Development Authority (NEDA) corrected reports that the P10,000-budget for a typical Filipino family was only “hypothetical,” the question now is...
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Foreign investment pledges dip by 37.9% in Q1 2018
MANILA, Philippines – 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...
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P42,000-budget for a family of 5 not official NEDA estimate – Pernia
MANILA, Philippines – National Economic and Development Authority (NEDA) Secretary Ernesto Pernia clarified news reports quoting him as saying that P42,000 is the minimum budget needed for an average...
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DOTr to scrap bus rapid transit project
MANILA, Philippines – There might no longer be a bus rapid transit (BRT) project in Metro Manila and Cebu, transportation officials confirmed.In a message to Rappler, Road Transport Undersecretary...
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Canceled flights over Busuanga airport mishap on Saturday, June 9
MANILA, Philippines (UPDATED) – Aviation authorities announced the cancellation of all flights to and from Busuanga in Palawan on Saturday, June 9.In a statement on Saturday, the Civil Aviation...
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