The deceleration in price increases last January was a welcome development, but the Department of Finance (DOF) warned that the economy should still keep a close watch on oil price movements. In a research note, Finance Chief Economist Gil S. Beltran said on Thursday, Feb. 17, that headline...
LIBMANAN, Camarines Sur — Presidential aspirant Vice President Leni Robredo on Tuesday, Feb. 8, expressed support for the gubernatorial bid of former Camarines Sur Rep. Rolando “Nonoy” Andaya Jr. Vice President Leni Robredo and former Camarines Sur Rep. Nonoy Andaya Jr. (VP Leni Media...
Mass testing of individuals with the coronavirus disease-2019 (COVID-19) symptoms is a must with the highly contagious omicron variant spreading rapidly as evidenced by the soaring number of active positive cases of the virus in the country. League of Provinces of the Philippines (LPP) and...
The research arm of credit rater Fitch Group has maintained its bearish stance on the Philippine peso, as it expects the local currency to even weaken as accommodative policy stances and a worsening current account weigh on the local currency. In a research note on Friday, Jan. 14, Fitch Solutions...
The national government will repay the full amount of its cash advances to the Bangko Sentral ng Pilipinas (BSP) ahead of the January maturity date, the Department of Finance (DOF) said. In a letter addressed to BSP Governor Benjamin E. Diokno, Finance Secretary Carlos G. Dominguez III said that...
Vaccine hesitancy remains to be a pain in the neck for the Department of the Interior and Local Government (DILG) and local government units (LGUs) which ultimately hinders the country from achieving herd immunity against the coronavirus disease (COVID-19), a provincial governor said Friday, Nov....
President Duterte’s economic managers will meet this week with the foreign chambers of commerce to tackle the country’s recovery initiatives and present their investment priority sectors. The economic team led by the Department of Finance (DOF) and the Bangko Sentral ng Pilipinas (BSP) will...
The Philippines and Turkey had agreed to explore "wide prospects" to boost the respective trade and tourism sectors of the two countries. PH-TURKEY MEET-- Ambassador Maria Elena P. Algabre presents a token to Governor of Ankara Vasip Şahin during their meeting held in Ankara, Turkey on Nov. 2,...
Consumer prices last month rose near the lower end of a government forecast owing to slower increase in food prices, the National Economic and Development Authority (NEDA) reported on Friday, Nov. 5. Data from the Philippine Statistics Authorty showed that prices increased 4.6 percent in October,...
The Bangko Sentral ng Pilipinas (BSP) has directed all banks and their subsidiaries to submit quarterly reports of their remaining London Inter-Bank Offered Rate or LIBOR-related exposures until end-2023. BSP Deputy Governor Chuchi G. Fonacier, who signed the memo (Memorandum No. M-2021-058) on...
Governor Daniel R. Fernando said that 1,932,192 or 58 percent of Bulakenyos have already been vaccinated against COVID-19, of which 1,076,166 were given their first dose and 856,026 who were fully vaccinated. Governor Daniel R. Fernando urges Bulakenyos to buck face-to-face classes until the...
Benchmark interest rates moved sideways on Monday, Oct. 18, as yields for the three-month and one-year IOUs resumed their increase, while the six-month paper marginally dropped. The 91-day Treasury bill rate, which banks use in pricing their loans, went up to 1.113 percent from 1.095 percent a week...
