Armed Forces of the Philippines (AFP) Chief Gen. Romeo Brawner Jr. paid tribute to fallen troops as the nation marked the 80th commemoration of the Victory Day, which signaled the end of the Japanese rule in the country. Brawner was the guest of honor and speaker and l ed a wreath-laying ...
The government is considering seasonal tariffs on rice to shield local farmers during harvest, Department of Economy, Planning, and Development (DEPDev) Secretary Arsenio M. Balisacan said. Balisacan also emphasized on Tuesday, Sept. 2, that tariffs are used as a policy tool to address various...
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...
Consumer prices may have risen at a faster pace in August, the central bank projected, as recent typhoons and excessive rainfall likely stoked the cost of basic goods, especially food items. Last month’s inflation is expected to clock within the range of one percent to 1.8 percent, according to...
Police General Nicolas Torre III on Friday, Aug. 29, asked the public, particularly his supporters, not to feel sorry for him even after he was abruptly removed by President Marcos Jr. as the chief of the Philippine National Police (PNP). In a video posted on his Facebook page, Torre thanked those...
Police Lt. Gen. Jose Melencio Nartatez Jr. convened his first command conference as the acting chief of the Philippine National Police (PNP) on Friday, Aug. 29, gathering senior police officials to set the tone for his leadership and outline his priorities for the organization while ensuring that...
While the Bangko Sentral ng Pilipinas (BSP) has signaled one more interest rate cut by year-end following the widely expected 25-basis-point (bp) reduction on Thursday, Aug. 28, the central bank chief said the next move could mark the end of the easing cycle. “With the data we’re looking at...
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. has expressed concern over growing divisions among United States (US) officials on the monetary policy direction of the world’s largest economy. On the sidelines of the Manila Tech Summit on Tuesday, Aug. 26, Remolona told reporters...
Investment banking giant Goldman Sachs expects the Bangko Sentral ng Pilipinas (BSP) to cut key interest rates by 25 basis points (bps) on Thursday, Aug. 28, amid low domestic inflation and slower economic growth. In an Aug. 22 report obtained by Manila Bulletin, Goldman Sachs Economics Research...
Around ₱5 billion worth of investments is the figure Maharlika Investment Corp. (MIC) has set upon entering a partnership with Saudi Arabia-backed ACWA Power to develop renewable energy (RE) projects that will supply electricity to nearly 500,000 off-grid households in the Philippines. Winchell...
While the Bangko Sentral ng Pilipinas (BSP) has already moved to unlink in-app online gambling platforms from financial institutions, the central bank chief affirmed the possibility of the Philippines returning to the money-laundering watchlist should the government fail to contain persisting...
