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...
Tourism leaders and stakeholders across the country have expressed strong support for Department of Tourism (DOT) Secretary Christina Garcia-Frasco following her submission of a courtesy resignation in response to President Ferdinand Marcos Jr.’s directive for a midterm Cabinet reshuffle....
Two Oriental Mindoro congressmen have pushed measures to stop the entry of companies that may be contracted to conduct large-scale mining in Mindoro. Rep. Arnan C. Panaligan of the first district said he will refile House Bill 3891 that he introduced in 2022 declaring the entire Mindoro Island as...
The Washington-based International Monetary Fund (IMF) has reaffirmed its positive outlook on the Philippines, projecting steady economy growth in the coming years and signaling that the Bangko Sentral ng Pilipinas (BSP) has room to ease interest rates further amid falling inflation. In a statement...
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. said the central bank has plenty of room to cut key interest rates on the back of softer inflation, signaling a potential 50-basis-point (bp) cut by year-end. “So far, the hard data says we have plenty of room to cut, especially...
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. expects President Ferdinand Marcos Jr. to reject the resignations of the economic team, arguing that the President’s dissatisfaction was not directed at the team, which he says operates very professionally. This came after the...
An exclusive marketing arm of Sta. Lucia Land Inc. (SLLI), 1 Premiere Land Marketing (1PLMC) has officially unveiled its newest sales and field office located within Sta Monica Lake Residences in Manaoag, Pangasinan. In line with its inauguration, a ribbon cutting ceremony was held last March 29,...
If President Ferdinand “Bongbong” Marcos Jr. is sincere in his efforts to reconcile with the Dutertes, he should first bring former president Rodrigo Duterte back home from the Hague in the Netherlands where he is currently detained at the International Criminal Court (ICC). Sen....
The Bureau of Internal Revenue (BIR) has introduced simplified procedures for value-added tax (VAT) refund claims, as part of its implementation of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) MORE Act. Detailed in Revenue Memorandum Circular (RMC) No. 37-2025, the changes aim...
GMA Network Inc., the country’s top broadcast network, is taking steps to recover its ratings and profitability, on air and in the digital space, after seeing its earnings drop by 35 percent last year. “Efforts are underway to address the dip in our TV ratings as we work toward further...
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...
As sovereign wealth funds (SWFs) abroad also eye the Philippines ' mining sector, Maharlika Investment Corp. (MIC) is stepping up to serve as a vehicle for co-investments. MIC President and Chief Executive Officer (CEO) Rafael D. Consing Jr. told Manila Bulletin last May 8 that an SWF "near...
