BSP rate cut a matter of timing as oil rises — Diokno
BANGKO SENTRAL ng Pilipinas (BSP) Governor Benjamin E. Diokno said it is only a matter of timing as to when monetary policy is eased after last year’s series of interest-rate increases, even as authorities monitor oil prices.
TUCP eyes fresh Metro Manila wage hike
THE COUNTRY’s biggest labor group plans to ask for an additional raise for Metro Manila’s private sector minimum wage earners, a little more than five months since the last increase took effect, citing “rising costs of food and services” that have rendered the current floor pay “insufficient,” according to an announcement to media on Sunday.
Close coordination, clearer signals from the top said needed for timely budget
CLOSER COORDINATION between government branches and among agencies, as well as clearer signals from Malacañang about its priorities will be needed to ensure that the delay in enactment that hounded this year’s national budget will not visit 2020’s P4.1-trillion spending plan, a top Budget official and economists said in separate recent interviews.
Global tightening cycle over — poll
BENGALURU -- Major central banks are done tightening policy, according to a majority of economists polled by Reuters, with the growth outlook wilting across developed and emerging economies along with scant prospects for a surge in inflation.
Japanese debt watcher raises PHL outlook to ‘positive’
THE Philippines is closer to securing a single-A credit rating from Japanese Credit Rating (JCR) Agency, after the debt watcher raised its outlook on the country to BBB+ positive from BBB+ stable.
PHL, Chinese firms sign $12-B in business deals
THE Philippine business delegation and Chinese companies on Friday signed 19 deals worth $12.165 billion, according to Trade Secretary Ramon M. Lopez.
PHL remains out of US IPR watch list for 6th year
FOR the sixth straight year, the Philippines was not included in the US government’s watch list of countries with weak protection of intellectual property rights (IPR), although some areas of concern were flagged.
Government readies euro bond sale
THE PHILIPPINES has hired banks to arrange investor meetings in Europe to drum up interest in its planned bond issue in euros, according to capital markets publication Refinitiv IFR.
Bicol tops regions in economic growth
THE ECONOMY of Bicol Region grew the fastest among the 17 Philippine regions in 2018, exceeding the growth rate posted by the capital as well as the national average.
MWSS sees rebate from Manila Water penalty reflected as early as June bill
THE METROPOLITAN WATERWORKS and Sewerage System (MWSS) wants the P600-million portion of the penalty it imposed on Manila Water Co., Inc. to be applied on the next water source project of the water concessionaire, possibly the 80-million-liters-per-day (MLD) Calawis-Wawa dam in Rizal province.
Energy dep’t assures power still sufficient even for elections
THE DEPARTMENT of Energy (DoE) has maintained that Luzon has sufficient power even on election day as fears persist about rotating brownouts after the grid operator issued a red alert notice on Thursday, running for four straight days after the Lenten break.
MWSS fines Manila Water P1.134 billion
THE Metropolitan Waterworks and Sewerage System (MWSS) has penalized Manila Water Company, Inc. with a P1.134-billion fine -- consisting of a P534.05-million penalty and a P600-million fund for the development of a new water supply source -- in connection with the shortage that hit much of its Metro Manila concession area last month, the regulator said in a statement on Wednesday.