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BSP keeps policy rate at 6.5%
In the MB’s first policy rate meeting in 2024, the MB held steady at a 6.5% benchmark interest rate as the country’s inflation risks continued to lean on the upside. .....»»
Shipping giant warns of global transport disruptions
Maersk has put customers on notice that risks in the Red Sea may persist for months Danish shipping major AP Moller-Maersk has warned of significant disruptions to the global shipping network due to the elevated risk of attacks in the Red Sea. "While we hope for a sustainabl.....»»
BSP leaves interest rates unchanged
The Bangko Sentral ng Pilipinas opted to keep interest rates unchanged at a near 17-year high for the fourth straight meeting yesterday, following the inflation uptick in March and as monetary authorities continue to be vigilant against upside risks......»»
ANZ raises Philippine inflation forecast to 3.8% this year
ANZ Research hiked its inflation forecast for the Philippines to 3.8 percent this year, from 3.5 percent previously, as risks may drive inflation up to above the central bank’s two to four percent target in the coming months......»»
BSP explores impact of Gen AI in banking
The Bangko Sentral ng Pilipinas is studying the impact of generative artificial intelligence in the banking industry as it seeks to implement some “guardrails” to mitigate potential risks......»»
Converting ponds to salt farms threatens mangrove restoration, conservationists warn
As the government seeks to revitalize the country's struggling salt industry, conservationists warn that allowing abandoned, undeveloped, and underutilized (AUU) fishponds to be converted into salt farms risks exacerbating the degradation of mangroves......»»
MUP pensions, Maharlika Fund pose risks to PH economy, says new study
Dr. Margarita Debuque-Gonzales, a former senior research fellow of government think-tank PIDS, says the Filipino people ‘should be the ones to monitor the Maharlika Fund because this is your fund’.....»»
BSP on guard vs inflation risks amid El Niño
The BSP chief said headline inflation likely further accelerated to 3.9 percent in March from 3.4 percent in February due to base effects, but lower than the 7.6 percent in March 2023......»»
Fight vs inflation far from over – BSP
Bangko Sentral ng Pilipinas Governor Eli Remolona said it is too soon to declare victory in the fight against inflation, signaling a higher-for-longer rate environment, as inflationary risks continue to cloud the outlook......»»
BSP to issue new guidelines for MSBs
The Bangko Sentral ng Pilipinas is finalizing a new regulatory framework for money service businesses to ensure that risks remain manageable amid the evolving industry......»»
Measles infections pose far more risks than most realize, including a fatal neurological complication – The Daily Guardia
Tragedy Strikes as Unvaccinated Travelers Spark Measles Outbreaks in the US In a heartbreaking turn of events, Erica Finkelstein-Parker’s plans for her daughter Emmalee’s eighth.....»»
China’s Wang Yi tells Blinken US should lift sanctions on Chinese firms
The Biden administration has imposed bans on the sale of certain technologies to Chinese companies, citing national security risks.....»»
Russian economy on sustainable growth trajectory - Mishustin
The country's GDP expanded above expectations last year Russia has not only withstood the pressure of Western sanctions and outside risks but has also managed to steer its economy toward sustainable growth, Prime Minister Mikhail Mishustin said on Tuesday. Every sector of industry registered positive dev.....»»
Opinion - South China Sea- Philippines must softly manage disputes or miss out economically
Manilas assertive transparency strategy is touted as a model for managing maritime disputes but it diminishes key economic opportunities. As Chinese investment pours into other Southeast Asian countries, the Philippines must reduce geopolitical risks without acquiescing to Beijing......»»
Go aids Davao fire victims
In observance of Fire Prevention Month, Sen. Bong Go has emphasized the importance of safeguarding homes against fire risks......»»
Duterte says Marcos risks same fate as dictator father amid charter change push
In a fiery speech Sunday evening, Duterte accused his predecessor of being a “drug addict” and of trying to amend the Constitution to prolong his term of office. .....»»
Canada urged to reconsider travel advisory
Canada should reconsider its travel advisory for its nationals regarding security risks in some parts of Mindanao, as it is inaccurate and unfairly affects the entire region, Cagayan de Oro City Rep. Rufus Rodriguez said yesterday......»»
NTF-ELCAC won’t be abolished, says Marcos
President Marcos yesterday rejected calls to abolish the government’s anti-insurgency task force, saying it has lessened the security risks posed by communist rebels and has provided assistance to those who abandoned the armed struggle......»»
Citi sees shallow rate cuts in 2024, 2025
Global banking giant Citi is now expecting smaller interest rate cuts from the Bangko Sentral ng Pilipinas in the next two years due to a more cautious stance on inflation risks......»»
El Niño attacks: How-to fight off the summer heat
El Niño heightens as the heat index reaches a “danger” level in certain areas of the Philippines, spiking up to 47 °C from April 17 to 21. The risks it brings to everyone’s—elders, people with chronic illnesses, and young children—health and well-being is evident as schools opt for online classes and allow alternative uniforms for.....»»