Manila, April 10 -- The Insurance Commission (IC) has issued a circular detailing the new omnibus guidelines on investments for insurers, reinsurers, and mutual benefit associations (MBAs). In a stat... Read More
Manila, April 10 -- The Monetary Board of the Bangko Sentral ng Pilipinas (BSP) resumed its easing cycle on Thursday, cutting interest rates by another 25 basis points amid decelerating inflation. Th... Read More
Manila, April 10 -- The Bureau of Internal Revenue (BIR) is optimistic that it will achieve its revenue collection target this year. During the Bagong Pilipinas Ngayon briefing on Thursday, BIR Commi... Read More
Manila, April 3 -- The Philippine Statistics Authority (PSA) revised upward on Thursday the fourth quarter 2024 gross domestic product (GDP) growth to 5.3 percent from 5.2 percent. In a report, the P... Read More
Manila, April 3 -- Finance Secretary Ralph Recto said Thursday the move to redirect Philippine Health Insurance Corporation's (PhilHealth) excess funds is "legal, moral, and economically sound". "I s... Read More
Manila, April 3 -- Local shares fell following US President Donald Trump's tariff announcement, while the peso closed stronger against the US dollar on Thursday. The Philippine Stock Exchange index (... Read More
Manila, April 3 -- Finance Secretary Ralph Recto said the Philippine economy remains resilient amid global trade shifts. In a statement Thursday, Recto said the government will leverage the Corporate... Read More
Manila, April 2 -- Consumer spending is expected to accelerate this year, supported by easing inflation which will allow the central bank to further reduce interest rates, BMI, a Fitch Solutions unit ... Read More
Manila, April 2 -- The government is on track to hit fiscal targets this year as revenue collections and expenditures continued to post double-digit growth as of end-February, the Bureau of the Treasu... Read More
Manila, April 2 -- The World Bank's Board of Executive Directors approved a USD800 million loan to support the Philippine government's efforts to scale up the adoption of clean energy technologies, in... Read More