Finance Secretary Frederick D. Go said the Philippines’ transition to the World Bank’s upper-middle income category validates the Marcos administration’s economic reforms after the country joined economies such as Malaysia, Thailand, and China.
San Miguel Corp. said P1.43 trillion, or about 95 percent of the P1.5 trillion it generated in revenue last year, flowed back into the Philippine economy, according to its latest Sustainability Report.
CEBU CITY—Agriculture—especially its evolution into a highly developed agribusiness sector—may just be the critical driver of the Philippines’ future economic success.
The slowdown in Philippine inflation in May is unlikely to stop the Bangko Sentral ng Pilipinas (BSP) from raising interest rates further, as underlying price pressures remain elevated despite some relief from lower fuel and food prices, according to an economist.
SM Prime Holdings pushed back plans for a bond sale worth as much as P18 billion as rising borrowing costs ripple through financial markets, underscoring the impact of the US-Iran war on domestic corporate strategy.
The Philippines and Japan have agreed to overhaul a decades-old tax treaty, removing a key friction point for businesses as Manila pushes to attract more foreign capital and deepen ties with one of its largest investors.
CEBU CITY— Despite slowing economic growth triggered by the Middle East conflict—which has pushed up fuel and commodity prices and weighed on the peso—the banking sector remains strong.
CEBU CITY — The country’s leading umbrella organization for exporters has warned that prolonged political tensions arising from the recent turmoil in the Senate could undermine investor confidence and slow economic momentum.
The Tantoco family-led SSI Group Inc. is feeling the strain from weaker consumer spending as inflation, fuel shocks and tighter household budgets push shoppers toward discounts while weighing on luxury purchases.