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...
(Unsplash) Hommittee on Ways and Means chairperson and Albay 2nd district Rep. Joey Salceda said he will push the House of Representatives to adopt the proposed Senate measure that seeks to implement a value added tax (VAT) refund mechanism for tourists to...
Department of National Defense (DND) Sec. Gilberto Teodoro Jr. poses with members of the Philippine Bar Association (PBA) during their 132nd Foundation Day and Law Day Celebration in Makati City. (Photo: DND) Department of National Defense (DND) Secretary Gilberto Teodoro Jr. called on the...
Aboitiz-led UnionBank of the Philippines has landed among the world's top issuers of digital bonds, according to the ranking of economic think tank Official Monetary and Financial Institutions Forum (OMFIF). In the OMFIF Digital Monetary Institute's Digital Assets 2024 report launched on Sept. 17...
Chinese coast guard, navy, and maritime militia vessels flocked Escoda (Sabina) Shoal in the West Philippine Sea (WPS), the Philippine Navy (PN) disclosed on Tuesday, Sept. 17. The week-long monitoring of the PN from Sept. 10 to 16 revealed that there were 157 Chinese vessels in the WPS, which is...
State-run Land Bank of the Philippines has joined forces with agritech startup SariSuki to improve the agricultural supply chain. Through Landbank’s AgriSenso Lending Program, the partnership aims to empower over 300 small farmers and Agrarian Reform Beneficiaries (ARBs) by providing...
The Korean Cultural Center (KCC) in the Philippines will hold the 2024 Korean Film Festival under the title “Chingu Kita,” which translates to “You are my friend.” This year’s festival, with the friendship theme, is in celebration of the 75th anniversary of friendship between Korea and...
Power system operator and transmission provider National Grid Corporation of the Philippines (NGCP) said it prepared its facilities to mitigate the impact of Tropical Depression “Gener.” In a statement, the NGCP assured that it had readied its communications equipment, hardware materials, and...
As the business process outsourcing (BPO) industry grows in the Philippines, an Australian-based service outsourcing firm aims to expand its job opportunities in the country. The Philippine Economic Zone Authority (PEZA) reported earlier this year that nearly 800 BPO companies were registered in...
The Senate is committed to ensure the passage of the proposed P6.352-trillion national budget for 2025 despite the on-going investigations of the Upper Chamber into issues that are of national interest. Escudero said that even as several committees of the Senate are in the thick of...
The Management Association of the Philippines (MAP) has expressed its support for Energy Regulatory Commission (ERC) chair Monalisa Dimalanta, despite her recent suspension by the Ombudsman. In a statement, MAP elaborated that this temporary suspension would affect the energy sector and consumers...
Senate President Francis “Chiz” Escudero said he is hoping that the impasse between the House of Representatives and Vice President Sara Duterte will end soon in a more favorable note. This, after the House of Representatives committee on appropriations recommended slashing the proposed...
