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Business confidence improves in Q2 – BSP
Companies in the Philippines have a more bullish outlook for the second quarter and the next 12 months amid expectations of higher consumer demand, uptick in business activities as well as easing inflation......»»
BSP seen to cut rates by 100 bps this year
The Bangko Sentral ng Pilipinas is seen slashing interest rates by as much as 100 basis points this year as easing inflation could support the growth of the country’s banking sector in the next two years, Fitch Ratings said......»»
‘Limit political influence in protected areas permits’
Sen. Cynthia Villar yesterday proposed easing local politicians’ influence in approving permits for protected areas, following the Senate’s investigation on the infamous Captain’s Peak Resort built right at the foot of the Chocolate Hills in Bohol......»»
Japan credit rater bullish on Philippine growth this year
The Philippine economy is likely to grow by six percent this year, mainly driven by robust private consumption amid easing prices and stable remittances, Japan Credit Rating Agency Ltd. said......»»
Single mistake can trigger SCS conflict – Marcos
A single mistake or a misunderstood move could lead to a conflict in the South China Sea, President Marcos said, as he expressed support for efforts to maintain peace in the disputed area while easing up the rhetoric of parties involved in the maritime row......»»
Government fully awards P30 billion T-bonds at higher rates
The government secured P30 billion in long-term securities yesterday but at slightly higher rates after inflation picked up and ended four months of easing......»»
T-bill rates rise on inflation recoil
The rates for the government’s short-term securities picked up across the board as the market expects inflation to have snapped four straight months of easing......»»
Marcos backs legalization of motorcycle taxis
President Marcos has expressed support for the legalization of motorcycle taxis and easing transportation network vehicle service regulations, saying the policies will provide more choices to passengers, drivers and businesses......»»
75% dissatisfied with government effort vs inflation – poll
Despite the easing inflation reported in recent months, three in every four Filipinos now say they are dissatisfied with the government’s efforts to control the rising cost of basic commodities, a recent survey conducted by the OCTA Research group showed......»»
‘Volatile inflation to keep rates steady’
Commodity prices in the country will remain volatile for the first semester, prompting the Bangko Sentral ng Pilipinas to keep rates steady and start easing only by June, according to Moody’s Analytics......»»
T-bill rates up across the board
Rates for the government short-term securities rose across the board in reference to the secondary market after the US Federal Reserve ruled out monetary policy easing anytime soon......»»
‘Philippines tourism alive again’
With more Filipinos able to afford traveling around the country and even overseas, a travel executive declared that the Philippines’ tourism industry is alive again amid continuous easing of pandemic restrictions......»»
Consumption seen to remain under pressure
Consumption, a key driver of the country’s economic growth, is expected to be challenged this year even with easing inflation, according to UK-based think tank Pantheon Macroeconomics......»»
Philippines education to benefit from Cha-cha – NEDA chief
The country’s higher education system will greatly benefit from the easing of economic provisions of the Constitution, allowing the entry of renowned schools in the country, according to Socio-economic Planning Secretary Arsenio Balisacan......»»
Inflation still top concern for Pinoys
Despite inflation easing in December, it remains the top concern for many Filipinos as prices of rice, the country’s staple food, continued to pick up, think tank GlobalSource Partners said......»»
Philippines unemployment rate up to 4 pct in April
MANILA, June 6 (Xinhua) -- The unemployment rate in the Philippines increased to 4 percent in April from 3.9 percent in March, the Philippine Statistics Authority (PSA) said Thursday. PSA head Dennis Mapa said at a press conference that there were 2.04 million jobless Filipinos in April this year. "This was lower than the estimated number of unemployed persons of 2.26 million in April 2023 and 2.15 millio.....»»
LRT-1 Cavite Extension Phase 1 nearly completed at 98.2% progress rate
The construction of the LRT-1 Cavite Extension Phase 1 is progressing as scheduled at 98.2% completion rate, as it remains on track for its target commercial opening in the fourth quarter of 2024......»»
Philippines unemployment rate up to 4 pct in April
MANILA, June 6 (Xinhua) -- The unemployment rate in the Philippines increased to 4 percent in April from 3.9 percent in March, the Philippine Statistics Authority (PSA) said Thursday. PSA head Dennis Mapa said at a press conference that there were 2.04 million jobless Filipinos in April this year. "This was lower than the estimated number of unemployed persons of 2.26 million in April 2023 and 2.15 millio.....»»
DavSam Bridge still at 3% completion rate
NEARLY two years after its groundbreaking, the completion rate of the controversial Samal Island-Davao City Connector (SIDC) project, commonly known as Davao-Samal Bridge, is still at three percent......»»
Iloilo City maintains lowest electricity rate in Western Visayas
Iloilo City maintains lowest electricity rate in Western Visayas.....»»