Consumer prices may have risen at a faster pace in August, the central bank projected, as recent typhoons and excessive rainfall likely stoked the cost of basic goods, especially food items. Last month’s inflation is expected to clock within the range of one percent to 1.8 percent, according to...
While the Bangko Sentral ng Pilipinas (BSP) has signaled one more interest rate cut by year-end following the widely expected 25-basis-point (bp) reduction on Thursday, Aug. 28, the central bank chief said the next move could mark the end of the easing cycle. “With the data we’re looking at...
The buzz is back, and it is all about words! The SM Super Spelling Bee is making its much-awaited return this year, inviting young spelling champs from across the country to take the stage, test their skills, and have a whole lot of fun. After a successful debut last year, this year’s competition...
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. has expressed concern over growing divisions among United States (US) officials on the monetary policy direction of the world’s largest economy. On the sidelines of the Manila Tech Summit on Tuesday, Aug. 26, Remolona told reporters...
PHirst Park Homes, Century Properties Group’s (CPG) housing unit, is eyeing several key cities in Mindanao, starting with a ₱5.3-billion project in General Santos City, as it ramps up its nationwide expansion. PHirst Park Homes Gen San will be located in Brgy. Baluan, conveniently accessible...
Investment banking giant Goldman Sachs expects the Bangko Sentral ng Pilipinas (BSP) to cut key interest rates by 25 basis points (bps) on Thursday, Aug. 28, amid low domestic inflation and slower economic growth. In an Aug. 22 report obtained by Manila Bulletin, Goldman Sachs Economics Research...
While the Bangko Sentral ng Pilipinas (BSP) has already moved to unlink in-app online gambling platforms from financial institutions, the central bank chief affirmed the possibility of the Philippines returning to the money-laundering watchlist should the government fail to contain persisting...
The Department of Economy, Planning, and Development (DEPDev) welcomed the enactment of the Konektadong Pinoy (KP) Act, which it said aims to bridge the digital divide and accelerate the country’s digital transformation, in line with the Philippine Development Plan (PDP) 2023–2028. In a...
ILOILO CITY -- Vice Mayor Julio Estolloso was laid to rest in Ibajay town, Aklan province on Monday, Aug. 25, more than two weeks after he was murdered. Thousands attended the funeral of the 50-year-old Estolloso, whose cold-blooded murder by municipal councilor Mihrel Senatin inside the...
Germany-based Deutsche Bank said a quarter-point rate cut on Thursday would help support Philippine economic activity, following the Bangko Sentral ng Pilipinas’ (BSP) revised forecast that the negative output gap will persist until 2027. “We see the BSP lowering its policy rate by 25 bps...
In the heart of a fast-evolving beauty industry, one name made a triumphant return—one that generations of Filipinos have trusted for decades. Inside Hortaleza Lab: A Tour Exhibit Through Years of Skinvention was not merely a product launch. It was a powerful, immersive celebration of history,...
Malacañang remains hopeful that the Philippines would be able to attain the upper middle income threshold this year. The country is just $26 away from reaching the upper middle-income country (UMIC) status, according to Department of Economy, Planning, and Development (DEPDev) Secretary Arsenio...
