The Organisation for Economic Co-operation and Development (OECD) sees the potential of around 400 private enterprises to go public—one of the main factors that will develop the local capital market. This is according to an in-depth assessment of the Philippine capital market released by the...
After winding down large Philippine Offshore Gaming Operators (POGO), the government's next crackdown would be on the small-time POGO hubs. POGO hub in Bamban, Tarlac (Photo courtesy of the Presidential Anti-Organized Crime Commission) By January, the government is expecting to run after small POGO...
The Asian Development Bank (ADB) has lowered its inflation forecast for the Philippines due to moderating price pressures, particularly in food and core inflation. In its latest Asian Development Outlook (ADO) report, the Manila-based multilateral institution revised its inflation forecast for the...
The Philippines, the United States and Japan held for the first time a trilateral maritime dialogue in Tokyo, where officials from three countries discussed Tuesday, Dec. 10, ways to address China’s continued aggression in the South China Sea. A China Coast Guard ship fires water cannon at a...
(Unsplash) A House panel has amplified calls for the Department of Agriculture (DA) to boost development of modern post-harvest facilities in the country’s eastern seaboard as a way to improve fish production and help offset the dwindling catch in...
ILOILO CITY — The Inflation rate in Western Visayas region dropped to 3.2 percent in November. A market stall in Iloilo City. (Tara Yap) The Philippine Statistics Authority-6 reported that the inflation rate decreased by 0.7 percent from 3.9 percent in October. “The deceleration in the...
The local stock market bounced back from the previous day’s loss on the back of a stronger peso. The main index added 44.45 points or 0.66 percent to close at 6,724.82 with the Mining sector leading the advance while Banks lagged behind. Volume was still strong at 783 million shares worth P8.54...
Admiral Ronnie Gil Gavan, commandant of the Philippine Coast Guard (PCG), leads the oath-taking of 2,000 draftees at the Coast Guard Fleet Parade Ground in Pier 13, Port Area, Manila on Dec. 9, 2024. (Photo: PCG) Two thousand draftees took their oath on Monday, Dec. 9, as they began the rigorous...
Vice President Sara Duterte (Noel Pabalate/ MANILA BULLETIN) And the cross-checking of names in connection with the confidential funds issue continues. This time, the House Committee on Good Government and Public Accountability is asking the...
The country’s trade deficit widened by 36.8 percent to $5.8 billion in October this year compared to the previous year, driven by a surge in imports and a decline in exports. Data from the Philippine Statistics Authority (PSA) showed that the country's total external trade in goods reached $18.13...
"The Philippines has never been an agent of escalation of tensions." This was how President Marcos responded to the recent aggression of China in Bajo de Masinloc, where it deployed its Navy in blocking Philippine vessels within the country's waters. A China Coast Guard ship fires water cannon at a...
Following a series of destructive calamities that have battered the Philippines and impacted its economy, the World Bank has reduced its 2024 gross domestic product (GDP) growth forecast for the country to 5.9 percent. “While the baseline growth forecast for 2024 was revised downward to 5.9...
