MANILA, Philippines — The Bangko Sentral ng Pilipinas will likely hike its policy rate again, this time by 50 basis points (bps) instead of the traditional 25 bps adjustment to contain rising inflation and lend some strength to the local currency, analysts from Japanese bank Nomura said. Central bank Governor Nestor Espenilla last month signaled […]
Read MoreMANILA, Philippines — The World Bank on Tuesday welcomed President Rodrigo Duterte’s approval of a much-awaited law that will grant more autonomy to the country’s predominantly Muslim region to end decades-long conflict in troubled parts of Mindanao. Duterte last week greenlighted the Bangsamoro Organic Law, which would implement the 2014 peace agreement between the government and the Moro […]
Read MoreSince the passage of Republic Act (RA) 10963, otherwise known as Tax Reform for Acceleration and Inclusion (TRAIN) Law, the public has been raising questions with regards to its implementation by the Bureau of Internal ReÂvenue (BIR). To the BIR’s credit, it has been aggressively exerting effort to provide the public with guidelines in implementing […]
Read MoreMove seen to stabilize prices, temper inflation MANILA, Philippines — The National Economic and Development Authority (NEDA) urged lawmakers yesterday to immediately pass the rice tariffication bill, stressing that easing rice importation can slash a percentage point off headline inflation which is expected to remain within the five percent level until the third quarter this […]
Read MoreMANILA, Philippines — The fiscal deficit of the national government widened to P193 billion in the first half from P154.5 billion in the same period last year as both revenues and disbursements posted strong growth during the period, according to the Bureau of the Treasury (BTr). Despite this, the deficit still fell short of the […]
Read MoreMANILA, Philippines — Investments approved by the Board of Investments (BOI) are on track to reach the P680-billion target this year following a 27 percent increase in project approvals in the first semester and the expected influx of big-ticket projects in the second half. BOI managing head Ceferino Rodolfo said in a statement yesterday the […]
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