The Economist Intelligence Unit (EIU) expects the Bangko Sentral ng Pilipinas (BSP) to cut key interest rates by an additional 100 basis points (bps) for the remainder of 2025 to arrest potentially slower economic growth as a result of the intensifying global trade war."The BSP has room to maneuver...
Alyansa para sa Bagong Pilipinas senatorial candidate Makati City Mayor Abby Binay has admitted to getting "frustrated" by certain national laws that lack the perspective and inputs of local government officials.Binay had this to say during her recent visit to the City Hall of Santo...
With funding for the United States Agency of International Development (USAID) frozen by US President Donald J. Trump for three months, China and Japan are expected to step up as development partners for Asia-Pacific countries' development partners and expand their influence in the region, according...
With rice prices on the decline, domestic inflation would ease further this year, according to the think tank Economist Intelligence Unit (EIU).In a Feb. 5 report, EIU regional director for Asia Alex Holmes projected headline inflation in the Philippines to average 2.5 percent this year, lower than...
A combination of lack of infrastructure, concerns about crime, plus escalating tensions with China are hindering the recovery of the Philippines' tourism sector, according to the Economist Intelligence Unit (EIU).The domestic tourism industry's uphill battle to regain its pre-pandemic strength...
The Philippine Ports Authority (PPA) has turned over the K-9 Training Facility, which it helped finance in a bid to further improve ports security across the country, to the Philippine Coast Guard (PCG).The K-9 Training Academy located in Mabalacat, Pampanga is the first-ever K-9 Academy in...
Senator Francis Tolentino commended various local government units (LGUs) for their exemplary implementation of nutrition policies and programs in their respective constituencies, which earned them recognition from the National Nutrition Council (NNC) as "nutrition champions".During where...
DAVAO CITY – The Vices Regulation Unit (VRU) collected around P11 million in fines and penalties imposed on violators of the anti-smoking ordinance, liquor ban, and sobriety ordinance and payment of certification fees for smoking areas and cigarette sale permits in 2023.DAVAO City earned P11...
(Unsplash) Local government units (LGUs) won't be left out in the cold as far as the proposed P5.768-trillion 2024 national budget. House Speaker Martin Romualdez made this assurance even as next year's budget, as embodied in the Congress-ratified...
Senator Sherwin Gatchalian underscored the importance of local government units' (LGUs) role in addressing issues related to food inflation.In particular, the senator zeroed in on the adherence to Executive Order (EO) 41.According to Gatchalian, the said EO, signed by President Marcos in...
The Department of Finance (DOF) is calling on local government units (LGUs) to update their real property taxation (RPT) to alleviate financial challenges that hinder their capacity to deliver optimal services to their constituents.In a statement on Wednesday, Dec. 13, Finance Secretary Benjamin E....
Lopez-led First Gen Corporation has awarded its next cargo of liquefied natural gas (LNG) delivery to multinational fuel trading firm Trafigura Pte Ltd.Based on the awarded contract, Trafigura will have to supply one cargo LNG with a volume of roughly 154,500 cubic meters (m3) – which will be...
