Top News
DOE takes back earlier assurances, now saying thinning reserves boost yellow alerts in months ahead
Below-capacity water levels at hydroelectric facilities in the Luzon grid has increased the likelihood of so-called yellow alerts being issued in the hot months ahead, the Department of Energy (DOE) said.
National Treasury seeks to raise P45B next week for budget support
The Bureau of the Treasury aims to raise a total P45 billion through the auction of treasury bills and bonds for budget support.
Philippines needs investment to sustain strong growth—WEF chief
The Philippines will need more investment to develop its young talent pool, critical infrastructure and renewable energy to sustain its robust economic growth and become a formidable player in the world economy, said Borge Brende, president of the World Economic Forum.
Finance chief wants lower GDP growth target, expects BSP rates to stay “higher for longer”
Finance Secretary Ralph Recto said late Thursday he will recommend a downgrade of the economic growth targets to the interagency Development Budget Coordination Committee, seeking to ease pressure on government finances amid geopolitical concerns and inflationary pressure that would keep interests rates "higher for longer.”
BPI sells stake in digital bank GoTyme for P902.5M
Hardly has the Bank of the Philippine Islands warmed its seat when its board on Thursday decided to divest of their stake in the digital lender Gotyme Bank Corp. in a sale that would raise P902.5 million for the country’s fourth largest lender by assets.
