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...
Newly appointed Department of Public Works and Highways (DWPH) Secretary Vince Dizon took his oath of office before President Ferdinand “Bongbong” Marcos Jr. in Malacañang on Monday, Sept. 1. Malacañang confirmed that Dizon replaced Manuel Bonoan, who resigned on Aug. 31 and expressed...
The telecommunications industry is urging the government to ensure strong safeguards for consumers under the implementing rules and regulations (IRR) to be crafted for the Konektadong Pinoy Act, which recently lapsed into law. The bill, also known as the Open Access in Data Transmission Act,...
A successful compromise agreement—a process initiated during the previous administration—added ₱714 million to national coffers last May, coming from the current owner of a Monet painting that had been sold overseas and formed part of the ill-gotten wealth of the late strongman Ferdinand E....
The iconic Love Bus during the Martial Law era is officially back on the streets with the launch of a “libreng sakay” (free ride) program in Cebu City and Davao City, according to the Department of Transportation (DOTr). Transportation Secretary Vince Dizon launched the program in the two...
Department of Public Works and Highways (DPWH) Secretary Manuel Bonoan said he will let President Marcos decide on his leave of absence amid an ongoing investigation into alleged corruption in flood control projects. Bonoan stressed that while accountability is important, his leadership remains...
Asian exports, including those from the Philippines, are seen remaining resilient in the second half of the year, contrary to earlier expectations that regional shipments would slump once front-loading ahead of United States (US) tariffs wane, according to the think tank Capital Economics....
The Department of Agriculture (DA) said the ineffectiveness of certain flood control projects, particularly in rice-producing areas, worsens the agricultural damage the country suffers annually due to tropical storms. In a press briefing on Monday, Aug. 18, DA Assistant Secretary Arnel de Mesa said...
While economic reforms introduced since mid-2022 augur well for the second half of the Marcos Jr. administration, still-prevalent corruption and political noise—especially the conflict between the President and Vice President Sara Duterte—remain investor concerns, according to the think tank...
The Philippines and Southeast Asia may attract foreign investments avoiding China and India if the United States (US) pushes through with its threat of higher tariffs on Indian goods, according to the think tank Capital Economics. “[US] President [Donald] Trump’s threat to impose an additional...
Agriculture Secretary Francisco Tiu Laurel is pushing for the amendment of the Coconut Farmers and Industry Trust Fund Act as a measure to revitalize the country’s “underperforming” coconut industry. Enacted into law in 2021, as embodied under Republic Act (RA) No. 11524, the coco trust fund...
Philippine goods exports climbed 13.2 percent year-on-year to a record $41.24 billion in the first six months of 2025 as exporters front-loaded shipments ahead of the 19-percent tariff to be imposed by the United States (US), the country’s top export market. National Statistician Claire Dennis S....
