CEOs expect revenue growth in the next 12 months

Source BusinessWorld

Bringing down the Philippines’ outstanding debt, which is now close to P13 trillion, will be a tall order for the country amid the lack of tax measures that can significantly rake in revenues for the government...

Read More

Shipments of fuel from abroad caused the country’s import bill to jump 25.9 percent in the January to July period, according to the Philippine Statistics Authority (PSA)...

Read More

About half or 52 percent of respondents in a poll among business leaders said they expect the economy to take two more years to recover from the COVID-19 pandemic...

Read More

Foreign direct investments (FDI) that flowed into the Philippines within the first six months of the year increased slightly to $4.64 billion, the most since the COVID-19 pandemic struck in March 2020...

Read More

President Ferdinand “Bongbong” Marcos Jr. has allowed the voluntary use of masks in outdoor settings through Executive Order 3, Malacañang announced on Monday...

Read More

Several areas in Luzon experienced rotating brownouts starting Sunday after the electricity supply plummeted due to the shutdown of seven power plants and the lower output from three other facilities...

Read More

The University of the Philippines’ (UP) highest decision-making body on Sunday called for nominations for the next university president, who will serve the country’s premier state university in the next six years...

Read More

The Bangko Sentral ng Pilipinas (BSP) will now require trust entities (TE) to secure its approval or notify it before creating some kinds of unit investment trust funds (UITFs)...

Read More

The Bureau of Internal Revenue (BIR) disclosed that its enforcement activities and operations have resumed with the lifting of the suspension imposed in May...

Read More

The House ways and means panel will consider proposals to increase excise rates on so-called “sin products” like alcohol, sweetened beverages, cigarettes, and vape products...

Read More

A bill filed in the House of Representatives aims to make senior high school students “scam-proof” by teaching them critical thinking skills...

Read More

Senator Sherwin T. Gatchalian has refiled a bill requiring the government to set up math and science high schools in all provinces...

Read More

The share in Asian banana exports of the Philippines, the world’s second-largest banana exporter, continued to shrink as it plunged to just 60 percent last year from 90 percent amid growing competition from neighboring producing countries...

Read More

After experiencing unprecedented volatility from the Ukraine war, runaway inflation, rising petroleum prices, and the Federal Reserve’s hawkish stance, Asia-Pacific economies appear to be getting some respite as tailwinds emerge...

Read More

The World Bank group’s private sector funding arm, International Finance Corp. (IFC), has rolled out a program dubbed “30 by 30 Zero,” intended to help mobilize private financing for more climate-friendly projects in the Philippines...

Read More

India's restrictions on rice exports have paralyzed trading in Asia, with buyers scouring for alternative supplies from Vietnam, Thailand and Myanmar where seller are holding off on deals as prices rise, industry officials said...

Read More

The death toll from a massive earthquake in Papua New Guinea rose to seven on Monday and is expected to rise as rescuers begin to reach remote, landslide-hit communities...

Read More

The EU's medicines watchdog on Monday approved a vaccine specifically targeting the new and contagious types of the Omicron variant amid fears of a new wave of Covid-19 winter infections...

Read More

The United Nations' acting human rights chief decried on Monday the "intimidation" of people in Russia voicing opposition to the country's invasion of Ukraine, warning it was undermining fundamental freedoms...

Read More

China has urged the United States to stop arms sales and military interactions with Taiwan and immediately revoke the already approved $1.1 billion in arms sales to the island, vowing to take legitimate and necessary countermeasures against the package, the largest since US President Joe Biden took office...

Read More

The Federal Reserve will deliver another 75–basis–point interest rate hike next week and likely hold its policy rate steady for an extended period once it eventually peaks, according to a Reuters poll of economists released on Tuesday...

Read More

Ukraine and Russia are interested in the U.N. atomic watchdog’s proposal that a protection zone be created around the Russian-held Zaporizhzhia nuclear power plant, the watchdog’s chief Rafael Grossi said on Monday, describing it as a ceasefire...

Read More

Fifty million people around the world are trapped in forced labor or forced marriage, the UN said on Monday, warning that their ranks had swelled dramatically in recent years...

Read More

China's President Xi Jinping will make state visits to Kazakhstan and Uzbekistan this week, Beijing said on Monday, his first trip abroad since the early days of the coronavirus pandemic...

Read More

The International Monetary Fund (IMF) is looking for ways to provide emergency funding to countries facing war-induced food price shocks and will discuss measures at an executive board meeting on Monday, sources familiar with the matter told Reuters...

Read More

Oil prices rose on Monday as Iranian nuclear talks appeared to hit obstacles and an embargo on Russian oil shipments loomed, with tight supply struggling to meet still robust demand...

Read More

Global geopolitical tensions, high inflation and climate change have heightened demand for risk protection and will lead to increased premiums, top reinsurers said at the industry’s annual gathering in Monte Carlo...

Read More

What demographic, trade, and climate challenges have in common is that they all crimp the supply side of the economy, which central bankers cannot fix with quick monetary policy hit...

Read More

The fight against HIV, tuberculosis and malaria has saved 50 million lives over the past 20 years, the Global Fund said on Monday, appealing for $18 billion to save millions more...

Read More

Ukraine has announced fresh gains in its counter-offensive, including the recapture of the strategic city of Izyum in the country's east, where Kyiv accused Russia of carrying out reprisal strikes against electricity infrastructure...

Read More

US Secretary of State Antony Blinken said Monday that Ukrainian forces had made important progress in their counter-offensive against Russian troops, although it was too early to predict the outcome...

Read More

Scientists have long known that air pollution can be linked with an increased risk of lung cancer in people who never smoked, but new research describes one mechanism that might help explain how...

Read More

Malacañang is eyeing legislative remedy to finally address the perennial shortage or surplus of food items constantly plaguing the agriculture sector...

Read More

President Ferdinand Marcos Jr. will be extending the State of National Calamity to help “preserve its benefits” to the health sector...

Read More

The Department of Energy is investigating the cause of simultaneous forced outages of power plants that resulted in the unavailability of 4,509 megawatts (MW) of capacity from the Luzon grid...

Read More

The House of Representatives committee on appropriations on Monday said the P195.63-billion budget of the Department of Health (DOH) for 2023 will help the country recover from the devastating effects of the COVID-19 pandemic and cope with other debilitating diseases...

Read More

President Ferdinand Marcos Jr. met with his Cabinet on Monday to further discuss policy reviews and proposed legislation to improve food supply and distribution...

Read More

Teachers’ groups on Monday called on the Department of Education (DepEd) to issue a “clear-cut policy” on the implementation of working hours after teachers were reportedly forced to render more than the required six hours of teaching due to a shortage of personnel...

Read More

House Deputy Majority Leader Lorenz Defensor urged the Department of Health (DOH) on Monday to be quicker in formulating a policy on vaccinating children below five years old against COVID-19, considering that health protocols, such as the wearing of face masks, have been relaxed...

Read More

The National Grid Corp. of the Philippines (NGCP) issued two yellow alerts and a red alert in the Luzon power grid on Monday after seven power plant units with a combined capacity of 4,509 megawatts (MW) experienced outages...

Read More

The Department of Budget and Management (DBM) on Monday warned the public against individuals claiming to be DBM officials or employees trying to earn or solicit money in exchange for faster release of funds for certain programs and projects...

Read More

Health officer-in-charge Maria Rosario Vergeire says the DOH proposed P95 billion for the COVID-19 response, but the budget was slashed to P24.49 billion...

Read More

The Supreme Court is doing everything it can to address the problems it faces so that the justice system can move faster...

Read More

The government should define a “set of triggers” in case there is a need to reimpose face mask policy if there is a surge of cases, said independent pandemic monitor Octa Research on Monday...

Read More

The Department of Trade and Industry (DTI) has conducted an inspection of grocery stores in Manila to check sugar prices, including those from the three supermarket chains that committed to offer refined sugar at P70 per kilo...

Read More

More than 3,000 job vacancies in 131 government offices are up for grabs during the online career fair to be held from Sept. 19 to 23, the Civil Service Commission (CSC) announced yesterday...

Read More

The Environment Secretary called access to climate finance an urgent matter and pressed the government to work towards international agreements that will unlock funding to help address the climate “emergency” faced by developing countries...

Read More

Even with funding from the two government agencies, the Philippine Health Insurance Corp.’s (PhilHealth) actuarial life wouldn’t extend beyond 2027...

Read More

The Department of Health (DOH) has asked the House of Representatives to restore the P500 million line item budget for cancer patients, which was not included in the proposed 2023 national budget...

Read More

Bangko Sentral ng Pilipinas (BSP) Governor Felipe M. Medalla has convened the inter-agency Financial Stability Coordination Council (FSCC) as its new chairman with emphasis on protecting the country’s recovery against emerging global threats to the financial system...

Read More

Losses from about 20 million expired COVID-19 vaccines are estimated to reach more than ₱9 billion, an official from the Department of Health said Monday...

Read More

The Department of Health (DOH) on Monday denied contact tracing efforts amid the COVID-19 pandemic played a part in the recent rise of spam messages and text scams, many of which already contain full names of recipients...

Read More

The Bangko Sentral ng Pilipinas (BSP) reported on Monday that foreign direct investments (FDI) to the country declined by more than 50 percent in June this year.

Read More

The national government (NG) is spending another P2.5 billion to install additional access points where Filipinos can enjoy password-free Internet Wi-fi connectivity, a member of the House Committee on Appropriations said on Monday...

Read More

Local retailers and supermarkets are worried over the peso’s continued weakness against the US dollar, which is driving up prices of imported products...

Read More

The IT and Business Process Management (IT-BPM) sector welcomed the decision of the Department of Finance to extend the work-from-home (WFH) policy for business process outsourcing (BPO) firms...

Read More

More business leaders believe that the Philippine economy still needs over two years to recover from the impact of Covid-19, a new PwC Philippines and Management Association of the Philippines (MAP) of chief executive officers (CEOs) survey revealed...

Read More

The prices of sugar have started to go down in some areas outside of Metro Manila, with refined sugar now retailing at P88 per kilo from P100 per kilo...

Read More

An umbrella organization of the contact center industry said on Monday that it prefers a more stable government policy when it comes to incentivizing firms with work-from- home (WFH) setups...

Read More

The government raised only P5 billion or just a third of the P15-billion target from treasury bills amid weak appetite from investors, who continued to ask for interest rates that were deemed too high...

Read More

The project study for the Edsa Busway system would take six to 12 months to finish, effectively dampening the enthusiasm of the private sector wanting to invest in the transport system, according to the Management Association of the Philippines (MAP)...

Read More

Investors hunting for bargains allowed the main-share Philippine Stock Exchange index (PSEi) to record a three-day rally on Monday, prompting its return to the 6,700 territory...

Read More

Markets in Asia, including the Philippines, rallied yesterday, building on the momentum of gains in the United States and elsewhere at the end of last week, as investors price in the expectation of further interest rate hikes aimed at taming inflation...

Read More

More than 60 percent of the country’s top businessmen said the government should prioritize fighting corruption over other measures to attract foreign investments, reflecting a long-standing sentiment in a country long believed to be plagued by moral rot...

Read More

A group of lawyers representing transport consumers on Tuesday called out Grab Philippines for its “backdoor entry” into the pilot run of motorcycle taxis through its acquisition of Move It, a mobile app for transport service...

Read More

Oil companies on Tuesday implemented for the second straight week another reduction in pump prices...

Read More