Executive Secretary Ralph G. Recto is set to recommend his successor as the government’s representative on the powerful seven-member Monetary Board (MB) of the Bangko Sentral ng Pilipinas (BSP), naming newly appointed Finance Secretary Frederick D. Go for the influential post. Recto, who...
The Bangko Sentral ng Pilipinas (BSP) is expected to deliver a quarter-point interest rate cut next month, but an economist warned the move would not restore lost government credibility or offset the impact of corruption amid expectations of further economic slowdown. Union Bank of the Philippines...
Imagine a surgeon who doesn’t know human anatomy; that’s what it’s like to manage money without financial literacy. Understanding how money works is essential, because money matters not just today, but for a sustainable future. This is why the third edition of the Manila Bulletin’s...
Despite recent pronouncements by the Bangko Sentral ng Pilipinas (BSP) that one more policy rate cut before year-end would maintain the “Goldilocks” level, the Economist Intelligence Unit (EIU) still forecasts two more reductions at each of the two remaining Monetary Board (MB) interest rate...
The Bangko Sentral ng Pilipinas (BSP) has formally dismissed two supervisors found to have been involved in falsifying the attendance records of four employees, marking the latest development in an internal scandal that also led to the resignation of two Monetary Board (MB) members last year. In a...
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 Philippine gross domestic product (GDP) growth showed relative strength in the second quarter, private-sector economists believe it is not strong enough to prevent the Bangko Sentral ng Pilipinas (BSP) from further reducing interest rates, as inflation is expected to remain soft and growth...
Expectations of further cuts in key borrowing costs as early as this month have grown stronger, driven by last month’s nearly six-year low inflation and lingering economic threats from United States (US) tariffs. Following the below one-percent headline print in July, private-sector economists...
DAVAO CITY – It’s all worth the time and effort of over two-hour trip from Kidapawan City for 11-year Nikko Rones Nacario. Nacario topped the Kiddie Category of the Davao leg of the 14th edition of the Manila Bulletin’s Sketchfest on Saturday, July 26. He is a Grade 6 pupil of Amas Central...
Citing still favorable inflation data, President Marcos’ chief economic manager said the Bangko Sentral ng Pilipinas (BSP) could proceed with delivering two quarter-point cuts in the key interest rate by year-end even if the United States (US) Federal Reserve (Fed) decides to pause its easing...
A slightly higher inflation rate that remains below two percent in June would allow the Bangko Sentral ng Pilipinas (BSP) to cut interest rates some more in August, economists said. In a June 27 report, Deutsche Bank Research economist Junjie Huang said headline inflation could have inched up to...
CEBU CITY – Redemption and validation. That’s how three young artists described their accomplishments in the Cebu leg of the 14th Manila Bulletin Sketchfest on Saturday, June 28, at SM Seaside City Cebu. Niña Christei Villahermosa, April Lyka Pugoy, and Jean Deanne Batiancila shone the...
