Category Archives: Business

Nomura upgrades PH growth outlook to 6.9%

MANILA — Japanese financial holding company Nomura said it expects the Philippine economy to grow near 7 percent annually over the next two years, on the back of strong exports, global recovery

PH economy far from overheating, BSP chief says

MANILA — Bangko Sentral ng Pilipinas Governor Nestor A. Espenilla Jr. on Tuesday reiterated that the economy was far from overheating given the central bank policy and reform agenda that had been

Outstanding debt hit record P6.501 trillion at end-October

MANILA — The weaker peso lifted the government’s outstanding debt to a new record-high of P6.501 trillion at the end of the first 10 months, the latest Bureau of the Treasury data

Bubble or brave new world? Bitcoin breaks $11,000 barrier

NEW YORK — Bitcoin surged above $11,000 for the first time on Wednesday as it extends a stratospheric rise that has delighted investors but sparked fears of a bubble. The virtual currency

Foreign business groups welcome move to ease investment restrictions

MANILA — Foreign business leaders are elated with President Duterte’s recent call to ease restrictions on investment areas with limited foreign participation, saying such a move will lead to more investments and

More ‘hot money’ left PH in October

MANILA — Foreign portfolio investments swung to a net outflow of $563.42 million in October mainly due to profit-taking, widening the year-to-date “hot money” outflows, the Bangko Sentral ng Pilipinas said Thursday. Data