The Bangko Sentral ng Pilipinas' (BSP) monetary policy easing cycle is expected to extend until the first half of 2025, to slash the key interest rate to 4.75 percent, according to the think tank Capital Economics. "The central bank [BSP] cut interest rates at its August meeting. With growth set to...
A new cascade of financial pressure will be on consumers’ pockets this week as gasoline prices will be rising by P1.10 per liter; while diesel prices will go up by a marginal P0.20 per liter. Propitiously for kerosene products, there will be no cost movement this week, based on the pricing...
Once its "Project Agila" ends in January 2025, the Bangko Sentral ng Pilipinas (BSP) will craft a three- to five-year roadmap in preparation for a possible central bank digital currency (CBDC), a top official said. During a breakout session at the Philippine Institute for Development Studies'...
Beyond the potential for the Bangko Sentral ng Pilipinas (BSP) to ease monetary policy further, what are the broader implications of the US Federal Reserve's substantial 50 basis points interest rate cut? What effects could this have on the Philippine peso, exports (especially if the peso...
House Speaker Martin Romualdez (Speaker’s office) It's a foregone conclusion, but the Lakas-Christian Muslim Democrats (Lakas-CMD) party is throwing its hat in the administration coalition that will field candidates in the upcoming...
DILG Secretary Benhur Abalos (Ellson Quismorio/ MANILA BULLETIN) Department of the Interior and Local Government (DILG) Secretary Benhur Abalos remained coy on Tuesday, Sept. 17 about his rumored Senate run next year. In a chance...
The financial industry remains a prime target for cyberattacks, despite the Bangko Sentral ng Pilipinas’ (BSP) new framework to enhance cyber resilience, a global cybersecurity and digital privacy company has warned. Kaspersky, a cybersecurity firm, reported that the finance sector...
President Marcos' party is already in talks with other political parties to complete the Partido Federal ng Pilipinas (PFP) senatorial slate for the upcoming elections. Marcos bared such development during the general assembly of PFP on Monday, Sept. 16, where he met with party members and...
It’s another week of drive to the gasoline stations that will come lighter on consumers’ pockets as the price of gasoline products will be on rollback by P1.00 per liter; and diesel product prices will be reduced by P1.30 per liter, according to the pricing advisories of the oil companies....
Downward inflation augurs well for the Bangko Sentral ng Pilipinas' (BSP) monetary policy easing ahead of the US Federal Reserve, according to the think tank Capital Economics. In a Sept. 13 report, Capital Economics senior Asia economist Gareth Leather and assistant economist Harry Chambers noted...
By Derco Rosal As the Bangko Sentral ng Pilipinas (BSP) started to implement interest rate cuts, small business owners are feeling a wave of optimism. For entrepreneurs like Grace Sarmiento, who owns a hardware store in Cagayan, these changes could signify not just relief but also opportunity. The...
For two-term senator Cynthia Villar, the Nacionalista Party (NP) remains a “force to reckon with" that maintains a stronghold in Las Piñas City with two senators, one congresswoman, and the majority of local elected officials aligned with its ranks. Villar said that this is how NP...
