MANILA, Philippines — Monetary authorities are likely done with their easing cycle at least this year after slashing interest rates by 75 basis points due to the continued downtrend in inflation, according to Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno. “It’s likely closed. I think everybody is happy,” Diokno said. The BSP has two […]
Read MoreMANILA, Philippines — Sen. Francis “Kiko” Pangilinan has proposed to exempt electric and hybrid vehicles from taxes and duties in the next several years to encourage the manufacture, importation and use of carbon-reducing vehicles. Pangilinan said carbon emissions raise temperatures globally and contribute to drastic changes in the climate. In the Philippines, vehicles contribute 36.1% […]
Read MoreMANILA, Philippines — The government is being urged to immediately pass measures aimed at aiding farmers amid plunging prices of palay (unhusked rice) following the liberalization of the rice industry. Research and advocacy group Action for Economic Reforms (AER) called on President Duterte to order both chambers of Congress to postpone their month-long recess and […]
Read MoreMANILA, Philippines — Rates for Treasury bills declined across all tenors on the back of easing inflation, ample domestic liquidity and expectations of a possible rate cut in the US, the Bureau of the Treasury (BTr) reported yesterday. During yesterday’s auction, the 91-day T-bills fetched an average rate of 2.995 percent, 4.2 basis points lower […]
Read MoreMANILA, Philippines — Easing inflation, declining interest rates, as well as the expected recovery in public spending are seen to boost the country’s economic growth in the fourth quarter of the year, the Department of Finance (DOF) said over the weekend. In his latest economic bulletin, Finance Undersecretary and chief economist Gil Beltran said economic […]
Read MoreMANILA, Philippines — Motor vehicle production in the Philippines went up nearly five percent from January to August, posting better growth performance than most of its peers in Southeast Asia. Data from the ASEAN (Association of Southeast Asian Nations) Automotive Federation showed the Philippines churned out 58,386 motor vehicles as of end-August, up from 55,784 […]
Read More
Thailand
