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...
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,...
Germany-based Deutsche Bank said a quarter-point rate cut on Thursday would help support Philippine economic activity, following the Bangko Sentral ng Pilipinas’ (BSP) revised forecast that the negative output gap will persist until 2027. “We see the BSP lowering its policy rate by 25 bps...
Department of National Defense (DND) Secretary Gilberto C. Teodoro Jr. downplayed recent Chinese maritime exercises near Ayungin (Second Thomas) Shoal, saying the activities are nothing out of the ordinary and will not deter the Philippines from asserting its rights in the West Philippine Sea...
When President Marcos took office in 2022, his administration vowed to ramp up oil and gas investments, starting within the safer terrains of the Philippines’ exclusive economic zone (EEZ). It also eyed the flashpoint: restarting exploration and drilling in the contested waters of the West...
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....
Maharlika Investment Corp. (MIC) has entered into a partnership with Saudi Arabia-backed ACWA Power to develop renewable energy (RE) projects that will bring electricity to off-grid islands in the Philippines. In a LinkedIn post on Sunday, Aug. 24, MIC President and Chief Executive Officer (PCEO)...
The Department of National Defense (DND) is eyeing to enhance its cooperation with Australia to bolster deterrence capabilities amid China’s escalating aggression in the West Philippine Sea (WPS). DND Secretary Gilberto Teodoro Jr. and Australia Australian Deputy Prime Minister and Minister for...
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...
The Securities and Exchange Commission (SEC) has fined Villar Land Holding Corp. and its officers a total of ₱12 million after denying the company’s request for an extension to file required financial reports, citing repeated failure to meet deadlines. The SEC’s investigation was prompted by...
