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Malaysia, Philippines to scrutinise Uber-Grab deal

SINGAPORE/KUALA LUMPUR: The Philippines competition watchdog said on Monday it is looking at whether the deal by Uber Technologies to sell its Southeast Asia business to rival Grab will substantially reduce competition. “The Grab-Uber acquisition is likely to have a far reaching impact on the riding public and the transportation services. As such, the PCC […]

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Philippines: BSP to adopt 2 regulatory technology solutions this year

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is adopting to regulatory technology (RegTech) solutions to strengthen its risk-based regulatory and supervisory activities. BSP Deputy Governor Chuchi Fonacier said the regulator has committed to a “sandbox” approach with regards to adoption of relevant regulatory and supervisory technology solutions for the banking system. The BSP […]

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Philippines now 103% self-sufficient in yellow corn — Piñol

MANILA, Philippines — The Philippines has achieved a 103 percent self-sufficiency for yellow corn last year, the Department of Agriculture (DA) said. Quoting a report from the Philippine Statistics Authority (PSA), Agriculture Secretary Emmanuel Piñol said total production in 2017 reached 5.8 million metric tons (MT) which translated to a net local production of 5.75 […]

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Philippines: BSP sees 3.8-4.6% inflation in March

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) said the consumer price index would remain elevated, rising from 3.8 percent to 4.6 percent in March, amid more expensive electricity, weak peso, as well as higher oil and food prices. The central bank’s Department of Economic Research (DER) said it incorporated all recent developments and […]

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Philippines: Thai food sector offers big opportunities – EMB

Filipino food manufacturers should innovate, adopt aggressive marketing strategies, and take advantage of business opportunities in Thailand’s packaged food sector, according to the Export Management Bureau (EMB). In its monthly Euromonitor Digest online publication, the bureau, an attached agency of the Department of Trade and Industry (DTI), said major distributors there want to offer unique […]

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