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...
BACOLOD CITY – Israeli Consul Moti Cohen arrived in Negros Occidental on Wednesday, July 30, to visit the wake of Leah Mosquera, an overseas Filipino worker (OFW) killed in a missile attack in Israel recently. Department of Migrant Workers-Negros Island Region (DMW-NIR) Director Glenda Aligonza,...
Filipino-Americans are finding new ways to reconnect with their roots—and for filmmaker Joel Nathan “Bani” Logroño, that journey is being told through animation. Appearing on The Chairman’s Report hosted by Commission on Filipinos Overseas (CFO) Secretary Dante “Klink” Ang II,...
After experiencing a three-day appreciation streak against the United States (US) dollar, the Philippine peso weakened again by shedding almost half-a-peso on Friday, July 25, despite the fresh market optimism over the latest trade deal with the US. According to the Bankers Association of the...
Cash sent home by Filipinos working and living overseas continued to increase in May on the back of sustained inflows from both land- and sea-based workers, according to the Bangko Sentral ng Pilipinas (BSP). Money sent through banks by overseas Filipinos (OFs) increased by 2.9 percent to $2.66...
With language being one of the biggest barriers to working abroad, the local government of Marikina has launched a free six-month Nihongo training program to help students and fresh graduates get global job opportunities. The program was launched in partnership with Sakai Town, Japan and Onodera...
BACOLOD CITY – Negros Occidental Gov. Eugenio Jose Lacson condoled with the family of 49-year-old Leah Mosquera, a resident of San Enrique town, who died in a missile attack on Rehovot, Israel on June 15. “It is very unfortunate,” Lacson said in Monday’s phone interview with the Capitol...
Private-sector economists believe the Bangko Sentral ng Pilipinas (BSP) has room for two more cuts in key borrowing rates, following four straight months of inflation staying below the government’s target band of two to four percent, and amid continued risks of economic underperformance. “Given...
A bill supported by United States (US) President Donald Trump, currently pending approval in the US Senate, would likely only minimally reduce remittances to the Philippines as more Filipinos who used to work overseas have returned home, according to Deutsche Bank Research. In a June 20 report,...
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...
BACOLOD CITY – The provincial government of Negros Occidental is prepared to assist overseas Filipino workers (OFWs) caught in the ongoing conflict between Israel and Iran. Gov. Eugenio Jose Lacson said on Tuesday, June 17, that the Public Employment Service Office (PESO) has activated its OFW...
