Fitch Solutions, Moody’s eye more rate increases

THE PHILIPPINE central bank is expected to raise the policy rate to 5% by yearend — higher than the initial 4.5% forecast — to tame inflation and protect the peso, Fitch Solutions Country Risk & Research said.

Marcos told to harness local maritime industry

PRESIDENT Ferdinand R. Marcos, Jr. should fulfill his campaign promise to modernize the Philippines’ maritime industry, which could be a game changer in the country’s post-pandemic recovery, economists said.

Philippine employers to boost pay hikes in 2023, says WTW

PHILIPPINE EMPLOYERS will probably increase their budget for pay increases next year amid a tight labor market and rising prices, according to Willis Towers Watson (WTW).

Marcos certifies 2023 budget bill as urgent 

Philippine President Ferdinand R. Marcos, Jr. on Monday certified as urgent the proposed P5.268-trillion national budget for next year, citing the need for continuous government operations. 

BSP may continue rate hikes this year

THE PHILIPPINE central bank would probably increase key rates further this year to protect the peso amid a hawkish US Federal Reserve, analysts said at the weekend.

Economists expect less optimistic macroeconomic goals

ECONOMISTS expect less upbeat macroeconomic targets when Philippine government economic managers meet to revisit the goals in December, citing the battered peso and persistently high inflation.

Senators vow swift passage of 2023 appropriations bill

SENATORS at the weekend ruled out the possibility of a reenacted budget, vowing to swiftly pass the proposed P5.268-trillion national budget for next year.

BSP signals more rate hikes, FX moves to defend peso

The Philippine central bank signaled it will resort to more interest-rate hikes depending on the Federal Reserve’s action, while also considering proactive market interventions...

BSP raises key rates to tame inflation

THE PHILIPPINE central bank raised benchmark interest rates on Thursday for a fifth time this year to rein in persistently high inflation amid a struggling peso and hawkish US Federal Reserve.

Kishida tells Marcos he wants to improve ties

NEW YORK — Japanese Prime Minister Fumio Kishida met Philippine President Ferdinand R. Marcos, Jr. on Wednesday and said he wanted to strengthen cooperation in priority areas such as agriculture, energy, health and infrastructure, a Japanese spokesperson said.

Philippine healthcare among most vulnerable to attacks — Kaspersky

THE PHILIPPINES’ healthcare industry is among the most vulnerable to cyberattacks in Southeast Asia, according to Kaspersky.

Senator asks peers to review contradictions in gov’t enforcement of Corporate Recovery law

A RESOLUTION that seeks to review the government’s enforcement of a law that extends fiscal relief to local and foreign corporations in the Philippines has been filed at the Senate.
BusinessWorld Online