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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.
Power industry services may not be cheap but they honor EPIRA law against monopolies – ERC data
None of the large power generation companies have breached the government-set limits on the capacity and market share of each one to ensure against dominance by any of the existing players, the Energy Regulatory Board (ERC) reported on Wednesday.
PSA estimates palay, corn output in 1Q likely higher due to drier weather caused by El Nino
The country's palay output in the first three months of 2024 could reach 4.83 million metric tons, higher by 1.1 percent compared to the actual production of 4.78 million metric tons, with the drier weather caused by El Nino likely boosting yield.
Government records wider budget surplus of P88B in January aided by tax gains
The National Government recorded a wider budget surplus of P88.0 billion in January, aided by stronger tax collection during the month.
