Tag: bworldonline
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Philippine inflation eases to 3.7% in June
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by Luisa Maria Jacinta C. Jocson, Reporter Headline inflation eased to 3.7% in June after four straight months of acceleration due to a slower rise in electricity and transport costs, the Philippine Statistics Authority (PSA) said. The PSA on Thursday reported that the consumer price index (CPI) rose to 3.7%…
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Pioneer Insurance introduces Dog and Cat Insurance to strengthen responsible pet ownership advocacy
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Pioneer Insurance recently launched a pet-friendly product called PetiCash Dog and Cat Insurance to reinforce its support to Filipino fur parents when it comes to pet care. Pioneer Accident & Health — Retail Head Jo-I A. Kapunan said that Pioneer PetiCash Dog and Cat Insurance is the result of the…
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Maintaining the Philippines’ competitiveness as an investment destination
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The Philippines needs to sharpen its competitive edge if it wants to remain a contender as an investment destination. One of the country’s main selling points is its ongoing reforms, but these reforms need to be targeted and strategic. Meaning, these ongoing reforms should be used to address the existing…
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NG debt hits record P15.35 trillion
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THE NATIONAL Government’s (NG) outstanding debt rose to a fresh high of P15.35 trillion as of end-May, reflecting the impact of the peso weakness on foreign currency-denominated debt, the Bureau of the Treasury (BTr) said.
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Bad loan ratio soars to near two-year high
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THE BANKING INDUSTRY’S nonperforming loan (NPL) ratio soared to a near two-year high in May, data from the Bangko Sentral ng Pilipinas (BSP) showed.
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PHL unlikely to breach upper end of growth goal
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THE PHILIPPINES may have difficulty achieving the upper end of the government’s 6-7% gross domestic product (GDP) growth target this year amid expectations of weaker consumption and investment, Fitch Solutions’ unit BMI said. “The economy will find it hard to breach the upper half of the 6-7% growth target which…
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Philippine reliance on coal deepens amid slow transition to green energy
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THE PHILIPPINES continues to depend on coal-fired power as it struggles to implement policies to boost renewable energy capacity, analysts said.
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House eyes budget approval by Sept.
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THE HOUSE of Representatives is looking to approve the proposed P6.352-trillion national budget for 2025 before Congress goes on a break in September, House Speaker and Leyte Rep. Ferdinand Martin G. Romualdez said on Wednesday. “Aside from our commitment in approving the few remaining LEDAC (Legislative-Executive Development Advisory Council) priority…
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On Philippine-American Friendship Day we celebrate a year of historic achievements
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By MaryKay Carlson On the Fourth of July – US Independence Day and Philippine-American Friendship Day – we look back on what the US-Philippine partnership has achieved over the past 12 months. We’ve reached incredible milestones together as friends, partners, and allies, setting a bold agenda to build a more…
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PHL fiber broadband adoption ‘extremely challenging’
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THE WIDER ADOPTION of fiber broadband in the Philippines remains “extremely challenging,” but that may soon improve if the government successfully implements a project to roll out fiber-optic infrastructure in last-mile areas, Fitch Solutions’ unit BMI said.