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FDI to emerging economies dips to 15-year low, warns World Bank
Foreign direct investment (FDI) inflows to emerging markets and developing economies (EMDEs) have declined sharply since their 2008 peak, falling from 5 percent of GDP to around 2 percent in recent years, according to a World Bank study. The decline affects nearly 60 percent of EMDEs, including regional players like the Philippines, and threatens progress in infrastructure development, poverty reduction, job creation, and climate action.
No fare hike yet: LTFRB awaits study before making decision
The Land Transportation Franchising and Regulatory Board (LTFRB) ruled out on Friday any fare rate increase for public utility vehicles (PUVs), offering reassurance to commuters amid rising fuel prices.
CAT denies link to Hacienda Luisita payout after shares surged
Central Azucarera de Tarlac (CAT) on Friday denied it stands to benefit from a potential multi-billion-peso compensation tied to a recent Court of Appeals (CA) ruling in favor of Hacienda Luisita Inc. (HLI).
BOP swings to deficit of $298M in May, reversing year-ago surplus
The country's balance of payments (BOP) stood as a deficit of US$298 million in May, reversing the US$2 billion surplus recorded in the same month last year, according to data released by the Bangko Sentral ng Pilipinas (BSP).
BSP cuts key rate by 25bps as inflation outlook eases
The Bangko Sentral ng Pilipinas (BSP) reduced its benchmark interest rate by 25 basis points on Thursday, as the monetary board responded to a more favorable inflation outlook and signs of slowing global economic activity.
