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...
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...
James Taylor (AP) NEW YORK (AP) — Alicia Keys , Dolly Parton and Neil Diamond — step aside. The next musical icon to turn their songs into a stage musical will be James Taylor. Taylor’s songs will fuel “Fire & Rain,” a musical announced Monday, in development with a story by...
Cattle graze on a ranch in Lufkin, Texas, April 18, 2023. (AP Photo/David Goldman, File) For cattle fattened in fields instead of feedlots, the grass may be greener, but the carbon emissions are not. A study out Monday in the Proceedings of the National Academy of Sciences finds that even in the...
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...
Easy monetary policy supportive of economic growth across the Asia-Pacific region would follow the US Federal Reserve's cut in interest rates by an aggressive 50 basis points (bps), according to the top economist of the Manila-based Asian Development Bank (ADB). "I think it's good for the region...
WASHINGTON — Federal Reserve officials will likely reduce their benchmark interest rate later this year, Chair Jerome Powell said Wednesday, despite recent reports showing that the U.S. economy is still strong and that U.S. inflation picked up in January and February. "The recent data do not...
A group from the vote-rich province of Cavite has expressed its backing of Davao City Mayor Sara Duterte's vice presidential bid in the May 2022 elections. Vice presidential candidate Davao City Mayor Sara Duterte (Screenshot from Mayor Inday Sara Duterte's Facebook) Throwing its full support...
The faster recovery in more advanced economies and possible early start towards normalization will not necessarily translate to a similar monetary policy stance for the Philippines which intends to keep interest rates low in support of growth, according to Bangko Sentral ng Pilipinas (BSP) Governor...
In this file photo taken on September 7, 2014 tennis legend Billy Jean King waves to the crowd at the US Open 2014 women's singles finals match at the USTA Billie Jean King National Center in New York. - Billie Jean King's trailblazing role in tennis is being recognised with the rebranding of the...
