MANILA — Foreign and domestic firms are expected to invest much as $6 billion in the Philippines’ casino sector in the next five years, the head of its gaming regulator said, bolstering its stat
BRUSSELS — The European Union and the Philippines said on Monday they would resume negotiations on a free trade agreement as the EU seeks to tap into Asia’s faster economic growth and gain access
THE PHILIPPINES is banking on the multibillion-peso makeover of its major international airport — one of the worst in the world — to boost the economy through increased flights and tourism receipt
THE PHILIPPINES’ external debt service burden skyrocketed to P14.752 billion last year, data from the Bangko Sentral ng Pilipinas (BSP) showed. Preliminary data from the central bank showed that the
THE Philippines’ external debt service burden skyrocketed to $14.752 billion last year, data from the Bangko Sentral ng Pilipinas (BSP) showed. Preliminary data from the central bank showed that the
THE CITY of Baguio posted the highest gross domestic product (GDP) per capita in 2022 among provinces and highly urbanized cities (HUCs) in the Philippines, according to the Philippine Statistics Auth
THE BUREAU of Internal Revenue (BIR) is aiming to increase income tax and value-added tax (VAT) collections this year amid the government’s efforts to improve tax administration and efficiency. Data
There will be a slight increase in the cost of gasoline this week, oil firms said Monday.Shell and Seaoil said that gasoline prices will increase by P0.10 per liter. The cost of diesel will go down by
THE country's external debt ratios remained at manageable levels at the end of last year despite additional borrowings, the Bangko Sentral ng Pilipinas (BSP) said late on Friday.External debt tot
THE interest rate-sensitive stock market may not see a strong run this week, analysts said, amid tempered hopes of an earlier-than-expected policy easing by the US Federal Reserve.The bellwether Phili
OVERSEAS Filipino worker (OFW) remittances rose by 2.7 percent to $3.15 billion in January from $3.07 billion a year earlier, the Bangko Sentral ng Pilipinas (BSP) reported late on Friday.Money sent h
SUBSIDIES to government-owned and -controlled corporations (GOCCs) fell last year compared to 2022, Bureau of the Treasury data showed.At P165.53 billion, the budgetary support was 17.4 percent lower
THE country's palay (unmilled rice) output for January to March 2024 is projected to rise by 1.1 percent compared to the same period last year, the Philippine Statistics Authority (PSA) said.Data
THE Philippines is inviting Czech tech firm ERA for the development of the domestic information technology (IT) and development sector with the aim of positioning the country as a regional leader in i
THE MAHARLIKA Investment Corp. (MIC) is looking into investing in the agro-industries sector, specifically coconut oil mills and refineries. “The MIC Board approved discussions with the Department o
THE PHILIPPINES’ outstanding external debt hit a record-high $125.4 billion at the end of December, equivalent to 28.7% of gross domestic product (GDP), data from the Bangko Sentral ng Pilipinas (BS
A MAKATI court has denied a plea from businessman Mel Velarde's News and Entertainment Network Corp. (Newsnet) to stop the reallocation of its frequencies by the National Telecommunications Commi
PLDT Inc. is optimistic that its home broadband service business will sustain growth this year via fiber expansion and new and innovative services."We are... confident we could do better this year, es
WASHINGTON, D.C.: The United States Federal Reserve (Fed) is widely expected to keep its key lending rate unchanged again on Wednesday (Thursday in Manila) as policymakers continue discussions over wh