Upside risks may prompt BSP to tighten policy in Q4
SUPPLY SHOCKS to inflation and a weaker peso against the dollar may prompt the Bangko Sentral ng Pilipinas (BSP) to resume monetary tightening in the fourth quarter, according to analysts.
Pandemic response still a budget priority
PRESIDENT Rodrigo R. Duterte is set to submit a record P5.024-trillion national budget for 2022 to Congress on Monday (Aug. 23), with nearly P2 trillion going to social services that includes pandemic response, the presidential spokesperson said.
Conglomerates deliver mixed Q1 results, but outlook remains positive
By Arra B. Francia
Reporter
CONGLOMERATES are expected to register better financial results this year, as the country’s top firms proceed with expansion programs amid a...
BSP chief mulls 4-point reserve ratio cut
NEWLY APPOINTED Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno is looking to cut the “very high” reserve standard for banks in four successive moves this year, even as he noted that local infrastructure projects remain well-funded even without injecting fresh liquidity.
Local gov’t units on track to raise P241 billion by year end
LOCAL GOVERNMENT UNITS (LGUs) appear on track to collect up to P241 billion by year end, after exceeding the full-year collection target of P193 billion as of end-September.
WESM operator flags tax reforms’ price impact
THE OPERATOR of the Wholesale Electricity Spot Market (WESM) has projected ongoing tax reform to increase overall electricity prices progressively until 2020, when the price hike could be as high as P0.1311 per kilowatt-hour (/kWh).
Inflation risks could slow BSP easing cycle next year, say analysts
UPSIDE RISKS to the inflation outlook could slow the Bangko Sentral ng Pilipinas’ (BSP) rate-cutting cycle, analysts said.
SEC strengthens stockholders’ right to inspect corporate records
The Securities and Exchange Commission (SEC) will investigate complaints against companies that refuse to allow stakeholders to inspect or reproduce corporate records.
The SEC issued...
Bigger WESM charge pushes up Meralco bills
THE MANILA ELECTRIC CO. (Meralco) said on Thursday that electricity rates in November will increase by P0.4717 per kilowatt-hour (/kWh) as the power generation charge rose during the month.
Infrastructure spending increased by 15% in March, says Budget dep’t
STATE SPENDING on infrastructure rose by 15% in March as the government ramped up disbursements for public works and defense modernization projects, the Department of Budget and Management (DBM) said.
House set to tackle wage hike bills next week
THE HOUSE of Representatives is set to tackle bills seeking to hike the minimum wage by P150 next week despite concerns this would pose...
IMF maintains PHL growth forecast
THE INTERNATIONAL Monetary Fund (IMF) kept its growth projection of 5% for the Philippines this year, even as it slashed the forecast for the...