Marcos says government ready to defend peso
PRESIDENT Ferdinand R. Marcos, Jr. on Tuesday said the government is ready to “defend the peso” in the next few months, as its weakness might continue to stoke inflation.
BSP delivers its biggest rate hike ever
THE BANGKO SENTRAL ng Pilipinas (BSP) unexpectedly raised its benchmark interest rates by 75 basis points (bps) on Thursday, but left the door open for further tightening as it seeks to tame the fastest inflation in nearly four years.
2% agri output growth achievable despite ASF
THE Department of Agriculture (DA) hopes to achieve a two percent growth in agricultural production this year despite failing to meet the target in 2019 as the African Swine Fever (ASF) outbreak is seen to continue weighing on the livestock sector.
No more tax reforms to make it out of 17th Congress
THE 17th CONGRESS will likely end with enactment of the anti-terrorism, the security of tenure and the expanded anti-wiretapping measures, but without any of the remaining tax reforms wanted by the Executive, Senate leaders signaled on Monday.
Analysts say RRR cut to boost economic activity
FURTHER lowering banks’ reserve requirements is seen to drive economic growth as increased liquidity could boost bank lending, analysts said.
PSE may host cryptocurrency trading
The Philippine Stock Exchange, Inc. (PSE) wants to host the trading of cryptocurrencies to protect investors.
“We’re waiting for the rules from the Securities and Exchange Commission (SEC) on how crypto or digital asset trading will be governed,” PSE President Ramon S. Monzon told an online news briefing on Friday. “It’s an asset class that we cannot ignore anymore.”
“If there’s going to be any structured trading of crypto in the Philippines, that should be with us so we can engage in investor education and protection,” he said.
Cryptocurrency trading is the act of speculating on cryptocurrency...
Marcos’ anti-graft push to test political alliances
PHILIPPINE PRESIDENT Ferdinand R. Marcos, Jr.’s campaign targeting corruption in flood control projects could boost his credibility with voters and investors but risks straining political alliances, analysts said.
Gov’t borrowing more in Q1 2020
THE GOVERNMENT plans to raise P420 billion from the local market next quarter via short- and long-term debt papers, nearly double the borrowing program it set this quarter.
Customs taps standards bureau for tighter watch on imported steel bars
THE BUREAU of Customs (BoC) and the Bureau of Philippine Standards (BPS) are now coordinating to strengthen examination of imported steel bars after lawmakers launched an inquiry on the alleged smuggling of substandard steel into the country.
Marcos takes big lead in Philippine presidential elections
by Kyle Aristophere T. Atienza, Reporter
Former Senator Ferdinand “Bongbong” R. Marcos, Jr. took an early lead in the Philippines presidential election, according to unofficial data from the Commission on...
Energy dep’t eyes private sector participation in LNG facility
THE Department of Energy (DoE) may turn to the private sector anew for the development of an integrated facility for liquefied natural gas (LNG)...
April trade deficit narrows to 2-month low
By Abigail Marie P. Yraola, Researcher
The Philippines’ trade deficit in goods narrowed to its two-month low in April, as imports and exports contracted by...