BORACAY—The local government of Aklan is urging the national government to allocate approximately ₱2 billion to fund its proposed cruise ship port at the world-famous Boracay, aiming to replenish foreign arrivals that have recently seen a decline. Aklan Governor Jose Enrique Miraflores told...
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. indicated that the central bank is considering another 25-basis-point (bps) reduction in its key interest rate as early as August. “A further reduction in the key interest rate is 'on the table’,” Remolona told reporters on...
The Bangko Sentral ng Pilipinas is considering two more cuts to key borrowing costs, driven by easing inflation and an economic slowdown attributed to consumer and business uncertainty. Two cuts are “possible,” BSP Governor Eli M. Remolona Jr. told reporters on the sidelines of the 32nd BSP...
Governor Daniel Fernando vowed to push for the creation of the Bulacan Mega City and more housing projects as he took his oath of office before Executive Judge Hermenegildo Dumlao II at the Bulacan Capitol Gymnasium in Malolos, Bulacan, on Sunday, June 29. The ceremony was held during the...
Bulacan Governor Daniel R. Fernando led a major “Green Revolution” campaign in the province, together with the Bulacan Environment and Natural Resources Office (BENRO), by planting over 1,000 native tree seedlings in Sitio Payapa, Barangay Camachin, Doña Remedios Trinidad (DRT). The...
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. warned that rising global oil prices and the peso’s depreciation streak could push inflation above five percent, a level last seen nearly two years ago. “We do scenario analysis today [Friday] in which we focus on particular risks....
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. said the Japan Credit Rating Agency’s (JCR) latest affirmation of the Philippines’ “A-” credit rating with a stable outlook is expected to strengthen confidence among Japanese investors in the country. On Thursday, June 5, JCR...
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. said that further cuts in banks’ reserve requirement ratio (RRR) may happen next year as the central bank looks to ramp up its liquidity management and make the yield curve more reliable. “It might be for next year. We are trying to...
Bangko Sentral ng Pilipinas (BSP) Assistant Governor Zeno Ronald R. Abenoja was officially sworn in on Tuesday, May 20, as the new Deputy Governor for the Monetary and Economic Sector, succeeding Francis Dakila following his recent retirement. BSP Governor Eli M. Remolona Jr. administered the oath...
LUCENA CITY, Quezon – Three prominent women emerged on top in the gubernatorial race in the provinces of Laguna, Batangas, and Quezon in the elections on Monday. VILMA Santos-Recto is back as governor of Batangas. (FB) Unofficial result from the Commission on Elections showed Sol Aragones and...
Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. has warned that trade shocks are more damaging than supply shocks—as they can shrink the country’s capital stock and slow growth—which monetary policy is not equipped to address. Remolona said at the International Monetary Fund (IMF)...
More endorsements—from the political arena to the entertainment industry—are coming senatorial candidate Bam Aquino’s way. Celebrities Piolo Pascual, Iza Calzado, and Bea Binene (top) join senatorial candidate Bam Aquino 's motorcade in Metro Manila on May 4, 2025. Photo below is Sulu...
