Hundreds attended the mentorship program for micro small and medium enterprises at the Ayala Malls Feliz in Pasig City today which is aimed at easing poverty by engaging in entrepreneurship.

NEGOSYO 3M

The impasse between two agencies—one granting incentives to Investment Promotion Agencies like PEZA and the latter is still not over. And IT and Business Process Operators are saying this leaves a bad image among investors.

IBPAP says PEZA’s WFH extension is legal

The peso plunged even deeper to P59 per dollar, an all time high, resulting in pluses and minuses to the economy.

Peso plunges further at P59 to $1

Economists of some private banks are conflicted as to whether the Bangko Sentral should be more aggressive in its interest rate policies to curb inflation, or not.

BSP told to use more aggressive rate hikes

The country’s trade deficit worsened in June to $5.843 billion. But Socioeconomic Planning Secretary Arsenio Balisacan expects the deficit to continue growing when the big- ticket infrastructure projects go into full-swing this year.

Trade deficit worsens in June

The economy can regain its growth trajectory in the next decade.

Phls. can be high-income economy by H1 2045

Reopening the economy with looser mobility restrictions led to more foreign investment pledges in the second quarter despite the uncertainty of a change in leadership during that period.

Foreign Investment pledges doubled in Duterte’s end-term

With the peso falling to what is considered all-time low on Monday, economists have spelled out strategies that government must adopt to ensure that export-oriented companies can stay afloat.

Govt. asked to help business amid depreciation

Foreign portfolio investments (FPIs) in May slid by 55.7 percent or by $1.2 billion as against those of April of $2.2 billion. BSP-registered FPIs were mostly outflows amounting to $270 million.

Portfolio investments in May slide 55.7%

The Philippines received a Baa2 rating from Moody’s Investors Services, indicating a medium risk in the country’s ongoing economic recovery.

Moody’s affirms Phl. credit rating

Portfolio investments in May slide 55.7% photo The Economic Times

BSP told to use more aggressive rate hikes photo BusinessWorld

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