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Foreign direct investments into PH dropped in July

Oct 12, 2019

The entry of long term investments into the Philippines continued to slow down in July, marking the fifth consecutive month of decline since a slight uptick in February 2019—a phenomenon the central bank attributed to investors made skittish by global economic uncertainties.

 

Ayalas warn of massive water rate increases if SC insists steep fines on Manila Water

Oct 10, 2019

Manila Water Co. warned of a whopping 780 percent surge in water rates and more hellish traffic should the Supreme Court insist on imposing a P921 million fine for violating the Clean Water Act.

World Bank cuts PH growth forecast

Oct 11, 2019

The World Bank sees the Philippines ending 2019 with below-target economic growth of 5.8 percent as global uncertainties coupled with the slower government spending due to delayed budget approval and low absorptive capacity linger on.