The Board of Investments (BOI) has endorsed ₱5.75 trillion worth of projects under the green lane status by the end of June, with the bulk of the investments directed to the renewable energy (RE) sector. Data from the BOI showed that 222 projects have been certified to go through the green lane...
A slightly higher inflation rate that remains below two percent in June would allow the Bangko Sentral ng Pilipinas (BSP) to cut interest rates some more in August, economists said. In a June 27 report, Deutsche Bank Research economist Junjie Huang said headline inflation could have inched up to...
Downward inflation across the region would allow Asian central banks, including the Bangko Sentral ng Pilipinas (BSP), to cut interest rates further until year-end, according to the think tank Oxford Economics. “Inflation in Asia is approaching or has already fallen below the lower bound of...
The Economist Intelligence Unit (EIU) still expects jumbo interest rate cuts by the Bangko Sentral ng Pilipinas (BSP) for the rest of 2025 as monetary authorities are seen prolonging the easing cycle. “We expect the BSP to continue cutting rates at each of its remaining meetings this year in...
The Department of Trade and Industry (DTI) is now awaiting the approval of the Fiscal Incentives Review Board (FIRB) for the government’s new incentives program for domestic electric vehicle (EV) manufacturing, which is poised to attract ₱120 billion in capital investments. In a statement, DTI...
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...
