Citing steady domestic demand coupled with still-tame inflation, the Bangko Sentral ng Pilipinas (BSP) has delivered its widely expected third key policy rate cut, lowering it by a quarter of a point to five percent. “The Monetary Board (MB) observed that domestic demand has held firm,” BSP...
Senator Erwin Tulfo suggested that the Philippines should revisit its adherence to the One-China Policy in light of China’s continued aggression in the West Philippine Sea (WPS). “I think it’s high time that we [re]think our position if we must continue to observe this One-China Policy...
The Philippines does not recognize Taiwan as a sovereign state and continues to uphold the One China Policy, the Department of Foreign Affairs (DFA) said Thursday, Aug. 28. In her opening remarks at a Senate hearing, Foreign Affairs Secretary Ma. Theresa Lazaro underscored that the 1975 Joint...
Ayala-led Bank of the Philippine Islands (BPI) expects the Bangko Sentral ng Pilipinas (BSP) to extend its easing cycle until the first quarter of 2026, after the widely expected two-quarter-point rate cuts by year-end, to stimulate growth as price pressures remain subdued. “We think there’s...
Housing construction, which sharply slowed in the second quarter and pulled gross domestic product (GDP) growth toward the lower end of the government’s target, will likely recover only if the Bangko Sentral ng Pilipinas (BSP) delivers a jumbo rate cut on Thursday. While the University of Asia...
In a shift from its recent cautious stance, British banking giant HSBC now believes the Bangko Sentral ng Pilipinas (BSP) has the room to quicken and deepen its monetary easing cycle, driven by continued positive developments in the inflation outlook. According to HSBC ASEAN Economist Aris...
To prove their commitment to education, a teachers’ group has challenged government leaders to enroll their children in public schools. In a viral social media post, Teachers’ Dignity Coalition (TDC) National Chairperson Benjo Basas proposed a law that would mandate all elected officials—from...
With an already narrow output gap and the economy in a “goldilocks” or ideal state, the Bangko Sentral ng Pilipinas (BSP) said slashing key borrowing costs further by three-quarters of a point is unlikely, with two cuts more likely than one. “I think two is more likely than one. Two is still...
Despite recent interest rate cuts by the Bangko Sentral ng Pilipinas (BSP), inflation hitting nearly six-year lows in recent months, and still-muted second-quarter growth in some sectors, further reductions in key borrowing costs are seen as necessary. “We think the second-quarter GDP [gross...
The Department of Education (DepEd) has ordered stricter school safety measures and reinforced its violence prevention policies to protect learners and maintain secure learning environments across the country. The directive follows a recent incident that raised concerns over school security....
CEBU CITY – The Land Transportation Office-Central Visayas (LTO-7) clarified that it is not yet enforcing the “no plate, no travel” policy this month. The LTO-7 on Thursday, Aug. 7, issued a clarification after its regional director, Glen Galario, previously announced that the policy will...
The Philippines and India must continue to contribute in strengthening the world 's capability to withstand geopolitical challenges, and ensure that "major countries" do not use "undue influence." President Marcos stated this in his lengthy foreign policy address at the Observer Research...
