SOUTH KOREA is set to accredit new poultry facilities in the Philippines amid plans to resume chicken imports, Agriculture Secretary William D. Dar said.

THE main risk to Philippine financial system is the global economic slowdown, according to the inter-agency Financial Stability Coordinating Council.

THE MAIN INDEX made a last-minute turnaround on Wednesday — on the eve of the Bangko Sentral ng Pilipinas (BSP) meeting where a 25-basis-point cut on benchmark interest rates is widely expected — after spending much of the day in the red as investment sentiment worldwide took a hit from the US House of Representatives move to start an impeachment inquiry against US President Donald Trump.

THE PESO weakened on Wednesday, weighed by political risks arising from the US House of Representatives’ move to open a formal impeachment inquiry against US President Donald J. Trump, causing the market to seek refuge in the safe haven dollar.

BANGKO Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno acknowledged market expectations of further policy easing as “good,” because it means it takes the guesswork out of the bank’s policy action Thursday.

REFORMS have made the Philippine economy more resilient in the face of external shocks, presenting investors with untapped opportunities, the central bank governor said.

RAISING tariffs on imported rice will benefit importers that have already shipped in rice while discouraging future importers, potentially leaving consumers with more expensive rice, a government researcher said.

THE RESUMPTION of open-pit mining will ultimately require a “political” decision with the government weighing the need to protect the environment against the desire of mining companies to operate as efficiently as possible, mining regulators said.

THE Philippines is in the top 10 of potential investment destinations for Singapore businesses, the Department of Finance said.

THE House Committee on Banks and Financial Intermediaries on Tuesday called on the Bangko Sentral ng Pilipinas (BSP) to encourage banks to ease their requirements for opening accounts in order to include more rural residents and low-income people in the formal economy.

THE Philippines is “way behind” on intellectual property (IP) rights protections, a crucial consideration for investors deciding to put money in the country, the Geneva Network said in a report released to journalists Tuesday.

A LEGISLATOR on Tuesday called for the inclusion of the Department of Labor and Employment (DoLE) in a proposed task force to monitor digital currencies, since overseas Filipino workers (OFWs) use this channel to send remittances.