A dovish Bangko Sentral ng Pilipinas (BSP) may be constrained by skyrocketing global oil prices, which would further weaken the peso and could force a pause from further interest rate cuts, foreign banks said. In a June 23 report, MUFG Global Markets Research said that if world oil prices rise...
While the Bangko Sentral ng Pilipinas (BSP) sees no need just yet to defend the Philippine peso amid global oil price risks, the plunging local currency may push monetary authorities into more cautious policy easing moving forward, economists said. Japanese financial giant MUFG Bank Ltd. said that...
The Philippine Coast Guard (PCG) on Sunday, June 15, said that it witnessed a ship boarding exercise by the Japan Coast Guard (JCG) in Kagoshima, Japan. The small board operation and exercise was carried out by the JCG onboard patrol ship PL 69 Koshika last June 13. The small board operation and...
Netherlands-based financial giant ING does not expect the Bangko Sentral ng Pilipinas (BSP) to end its easing cycle in the upcoming monetary policy meeting, citing below-target inflation and a continued appreciation of the peso. These factors, coupled with “high real rates, and uncertainty over...
Singapore 's DBS Bank Ltd. expects the Bangko Sentral ng Pilipinas (BSP) to end its easing cycle in the third quarter of this year—a year after it began loosening monetary policy in August last year. "The Philippine central bank, the BSP, is on course with its rate cuts. Another 50-basis...
The Fiscal Incentives Review Board (FIRB) has approved nearly ₱21 billion in tax subsidies requested by 10 government institutions, exempting these agencies from paying taxes and duties. As of May 21, the FIRB, chaired by Finance Secretary Ralph G. Recto, has approved ₱20.9 billion in tax...
With falling inflation and elevated positive real interest rates, the Bangko Sentral ng Pilipinas (BSP) is all set to further slash the key borrowing rate on June 19, according to Singapore-based United Overseas Bank (UOB). The five-and-a-half-year low headline inflation of 1.3 percent recorded in...
The Board of Investments (BOI), the lead investment promotion agency of the Philippines, is expecting to process ₱1.12 trillion worth of investment pledges over the next two quarters, signaling the country’s growing appeal as an investment hub. The BOI said it is currently checklisting 65...
The Bangko Sentral ng Pilipinas (BSP) is seen cutting interest rates for two consecutive policy meetings as inflation falls to below-target levels, according to Deutsche Bank Research. In a May 31 report emailed on Monday, June 2, Deutsche Bank Research forecast headline inflation in May at 1.5...
The Professional Regulation Commission (PRC) has released the results of the March 2025 Licensure Examination for Teachers (LET), announcing that 55,029 examinees have successfully passed and are now newly licensed educators across the country. The PRC, in coordination with the Board for...
Travelers looking for a quick getaway during the rainy season can expect cheaper plane tickets next month after the Civil Aeronautics Board (CAB) slashed the fuel surcharge to its lowest level this year. In an advisory, CAB announced that the fuel surcharge will fall to Level 3 in June from the...
The Professional Regulation Commission (PRC) announced that 6,935 out of 10,770 examinees successfully passed the May 2025 Philippine Nurses Licensure Examination (PNLE), administered by the Board of Nursing across 18 testing centers nationwide. The PRC noted that the results were released just...
