July BoP position swings to surplus
US one-hundred-dollar notes are seen in this picture illustration taken in Seoul Feb. 7, 2011. — REUTERSBy Luisa Maria Jacinta C. Jocson, ReporterTHE COUNTRY’S balance of payments (BoP) position swung to a surplus in July, data from the Bangko Sentral
Car sales may hit record 500,000 in 2024 — CAMPI
CAR ENTHUSIASTS at the opening day of the Manila International Auto Show in Pasay City, April 4, 2024. — PHILIPPINE STAR/RYAN BALDEMORBy Justine Irish D. Tabile, ReporterNEW VEHICLE SALES could hit the 500,000 mark this year amid more launches and
DoF lowers revenue projections from mining fiscal reform bill to P6.3 billion
The bill rationalizing the mining fiscal regime is one of the priorities of the Legislative-Executive Development Advisory Council. — REUTERSBy John Victor D. Ordoñez, Reporter THE DEPARTMENT of Finance (DoF) has lowered its yearly revenue estimates to P6.3 billion
External debt service declines at end-May
REUTERSTHE COUNTRY’S external debt payments declined by 14.8% as of end-May, preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed.The Philippines’ debt service burden on its external borrowings fell to $5.62 billion from $6.595 billion a year ago.Central bank
Air travel demand at risk from inflation-driven spending cuts
UNSPLASHRISING INFLATION in the Philippines, which reached 4.4% in July, is likely to reduce consumer spending on leisure travel and could weaken overall demand for air travel, according to analysts.“Persistent inflation reduces purchasing power, so it can affect demand for