The Commission on Elections (Comelec) has asked Mataas na Kahoy town Vice Mayor Jay Ilagan explain on Monday, April 7 his controversial remarks about rival Batangas gubernatorial candidate and former actress Vilma Santos-Recto. Mataas na Kahoy Vice Mayor Jay Ilagan (Photo from Jay Manalo Ilagan...
The Commission on Elections (Comelec) issued a show cause order against Misamis Oriental Governor Peter Unabia over his derogatory remarks against nurses during a campaign event last April 3. Misamis Oriental Governor Peter Unabia. (Screenshot from Peter "Sr. Pedro" Unabia Facebook page) Comelec's...
Amid tariff war-saturated global uncertainty and rising domestic prices, the potential for an inflation surge weighs heavily on the central bank's contemplated April 10 interest rate reduction. Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. said in an interview with Bloomberg...
Finance Secretary Ralph G. Recto President Marcos’ chief economic manager and representative in the Monetary Board (MB) has projected a 75-basis point (bp) reduction in the central bank’s interest rates this year, anticipating this would catalyze economic growth to seven percent or...
BSP Governor Eli M. Remolona Jr. Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. has confirmed that another cut in borrowing costs is possible at the upcoming April 10 monetary policy meeting, potentially bringing the key policy rate down to 5.5 percent. “When we think...
If the Bangko Sentral ng Pilipinas (BSP) prolongs its monetary policy easing pause, it may be forced to implement steeper interest rate reductions later, as persisting economic weakness threatens growth, according to Deutsche Bank. "Delaying further rate cuts could risk the BSP having to do more in...
Singapore-based United Overseas Bank (UOB) believes the Bangko Sentral ng Pilipinas (BSP) will no longer slash reserve requirement ratios (RRRs) beyond its across-the-board cuts announced last week. “With RRR for big banks reaching a mid-single digit as envisioned by the BSP under its medium-term...
Amid heightened uncertainties wrought by US President Donald Trump’s tariffs, a cautious Bangko Sentral ng Pilipinas (BSP) is seen to resume policy easing by April at the earliest after last week’s pause. Think tank Capital Economics said in a Feb. 18 report that rising interest rates in...
President Marcos’ chief economic manager stated that low and steady inflation in January gives the central bank room to cut key borrowing costs further to spur economic growth. “This is a strong indicator of the government’s commitment to keeping prices stable and signals that the BSP...
BAGUIO CITY — Another policy rate cut could be possible at the next Monetary Board (MB) meeting as the Philippine economy grows below capacity, according to the central bank’s governor. During a media information session, Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. told...
While the Philippine economy has likely accelerated further in the last three months of 2024, majority of the private-sector economists polled by Manila Bulletin doubt its degree was enough to reach the government’s growth target. Following the lower-than-expected quarter-three gross...
President Marcos expressed his gratitude to the Philippines' international partners as he highlighted the country's strides in diplomacy and economic growth. President Ferdinand 'Bongbong' Marcos Jr. (Manila Bulletin file photo) Marcos said this as he hosted a New Year Vin D'Honneur for members of...
