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...
From accreditation for sale to conflict of interest, and now extortion. Senator Panfilo “Ping” Lacson on Sunday, August 31 revealed a third issue hounding the Philippine Contractors Accreditation Board (PCAB), where a contractor was threatened with non-renewal of his license if he did not pay...
Senator Panfilo “Ping” Lacson on Friday, August 29 said the Philippine Construction Accreditation Board (PCAB) should take an active role to address allegations of “accreditation for sale” in the flood control and other infrastructure projects in the country. Lacson made the...
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...
The Civil Aeronautics Board (CAB) has retained the passenger fuel surcharge at Level 4 for September, keeping plane tickets steady for another month. In an advisory, the CAB announced that fuel surcharge will remain at the present Level 4 for Sept. 1-30 period. Under Level 4, passengers will be...
The Board of Investments (BOI) has sealed its first provincial partnership in Mindanao with the local government of South Cotabato, positioning the province as the premier investment hub in the Soccsksargen region. In a statement, the BOI said it has signed a memorandum of agreement (MOA) with...
The Board of Investments (BOI) has approved the registration of the country’s most advanced cancer treatment technology yet, poised to harness artificial intelligence (AI) to offer more precise and non-invasive care for Filipino patients. In a statement on Monday, Aug. 11, the BOI said it has...
Renowned Filipina geneticist and National Scientist Carmencita D. Padilla, a pioneering leader in genetics and genomics in the Philippines, has been elected Co-Chair for Low- and Middle-Income Countries (LMICs) of the InterAcademy Partnership (IAP) Governing Board, the global network’s highest...
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...
The Commission on Higher Education (CHED) has ordered an investigation into Cebu Normal University (CNU) – Main Campus following the unauthorized issuance of a memorandum circular that abruptly shifted all classes to a 100% online learning modality without consultation or Board of Regents (BOR)...
