BoP swings to $1.5-B deficit in July
THE Philippines’ balance of payments (BoP) position swung to a deficit for the first time in three months in July, data from the Bangko Sentral ng Pilipinas (BSP) showed.
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Moody’s: ProGRESS bill could risk delaying fiscal consolidation
THE National Government’s proposed tax reforms, if enacted, risk further delaying the country’s fiscal consolidation, especially given its widening budget deficit and record debt-to-gross domestic product (GDP) ratio, Moody’s Ratings said.
Philippine gov’t weighs timing of RTB offering
THE GOVERNMENT is waiting for more favorable market conditions before proceeding with a retail Treasury bond (RTB) offering this year, amid elevated interest rates and tensions in the Middle East.
Recovery in infrastructure spending not likely until Q4
THE RECOVERY in the National Government’s (NG) spending on infrastructure and other capital outlays is not expected until the fourth quarter, with outlays programmed to remain below year-earlier levels through September before surging toward yearend.
PSE approves Robinsons Retail delisting effective Aug. 31
THE Philippine Stock Exchange (PSE) has approved the voluntary delisting of Robinsons Retail Holdings, Inc. (RRHI), with the retailer’s shares to be removed from the Exchange’s official registry effective Aug. 31. In an advisory to market participants on Thursday, the PSE said it approved RRHI’s petition for voluntary delisting and ordered the delisting of the […]
DHI seeks P30-billion capital hike for Tampakan-linked merger
DOMINION HOLDINGS, Inc. (DHI) is seeking to nearly ninefold its authorized capital stock to P30 billion in connection with a proposed merger that would give the listed holding company controlling ownership of the company behind the Tampakan Copper-Gold Project in Mindanao. In disclosures to the stock exchange on Thursday, DHI said its board on Aug. […]
Meralco sees billions in savings from cutting co-op system losses
MANILA Electric Co. (Meralco) said partnerships with electric cooperatives (ECs) could generate billions of pesos in consumer savings by bringing double-digit system losses down to single-digit levels. Meralco Senior Vice-President and Head of Strategic Distribution Utility Partnerships Arnel P. Casanova said on Money Talks with Cathy Yang on One News on Thursday that some ECs […]
DoE says Villar-led SIPCOR must secure new permit before resuming
VILLAR-LED S.I. Power Corp. (SIPCOR) must secure a new permit and comply with Department of Energy (DoE) requirements before it can resume operations, Energy Secretary Sharon S. Garin said. “They have to go through the process and they have to qualify and justify to us. And also, they have to clear up some issues also […]
PHL banks’ trust assets jump to record P6.65 trillion as of June
ASSETS held by Philippine banks’ trust units surged by over 41% year on year as of end-June to its highest level so far, data from the Bangko Sentral ng Pilipinas (BSP) showed. The industry’s trust assets reached P6.648 trillion as of June, ballooning by 41.21% from P4.708 trillion at end-June 2025. It was also 0.93% […]
Wise pushes for transparency in remittance costs
WISE PHILIPPINES (Wise Pilipinas, Inc.) is working with the Bangko Sentral ng Pilipinas (BSP) to make remittance fees more transparent as part of its goal to help Filipinos reduce the cost of sending money. “We are in heavy discussions with the BSP on how to ensure that local participants or local banks in the Philippines […]