The peso dropped to the ₱57 level against the United States (US) dollar on Thursday morning, June 19, ahead of the expected Bangko Sentral ng Pilipinas (BSP) interest rate cut later in the day. According to the Bankers Association of the Philippines (BAP), the local currency opened at ₱57.1,...
More than ₱50 billion in additional government revenues is expected following the approval of a 10-year extension of the concession agreements of major water service providers by the Economy and Development (ED) Council on Wednesday, June 18. The ED Council, chaired by President Ferdinand Marcos...
Prior to moving to the Department of Environment and Natural Resources (DENR), former Energy Secretary Raphael P.M. Lotilla said that the country’s energy situation has somehow improved under his wing, even as other problems have yet to find their solutions. During his final press briefing as...
While the Philippines’ exit from the European Union’s (EU) high-risk jurisdictions list is expected to ease the country’s access to the EU financial system, debt watcher Moody’s still urged continued vigilance in sectors such as online gaming and cryptocurrency to ensure it does not return...
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. said the Japan Credit Rating Agency’s (JCR) latest affirmation of the Philippines’ “A-” credit rating with a stable outlook is expected to strengthen confidence among Japanese investors in the country. On Thursday, June 5, JCR...
The Bangko Sentral ng Pilipinas (BSP) is seen cutting interest rates for two consecutive policy meetings as inflation falls to below-target levels, according to Deutsche Bank Research. In a May 31 report emailed on Monday, June 2, Deutsche Bank Research forecast headline inflation in May at 1.5...
The Department of Energy (DOE) has assured the continued supply and delivery of petroleum products, such as liquefied petroleum gas (LPG), to Samar despite the recent weight limit imposed on the San Juanico Bridge. In a statement on Tuesday, May 27, outgoing Energy Secretary Raphael P.M. Lotilla...
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. said that further cuts in banks’ reserve requirement ratio (RRR) may happen next year as the central bank looks to ramp up its liquidity management and make the yield curve more reliable. “It might be for next year. We are trying to...
The Department of Environment and Natural Resources (DENR) is set for a leadership change, with the chief of the Department of Energy (DOE) tapped to head the agency. Former Energy Secretary Raphael P.M. Lotilla will now bring his sustainability focus to the DENR, following the announcement by...
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. expects President Ferdinand Marcos Jr. to reject the resignations of the economic team, arguing that the President’s dissatisfaction was not directed at the team, which he says operates very professionally. This came after the...
A convenient city location in a secure and private community has always been the hallmark of luxury living. Everyone dreams of a private enclave tucked away from the rush of the city, yet with all the access to everyday conveniences; a quiet sanctuary where comfort meets contemporary design; homes...
President Marcos ' directive for Cabinet resignations has sparked a mix of hope and apprehension in the local financial market, as some view it as a necessary step toward improved governance and economic performance, while others are concerned about potential market volatility during the...
