MANILA, Philippines — The government will impose a suggested retail price (SRP) for imported rice as farmers sought intervention amid the continued decline in farm gate prices due to the liberalization of the industry. In an interagency meeting yesterday, the Departments of Agriculture, Trade and Finance, and the National Economic and Development Authority agreed to […]
Read MoreMANILA, Philippines — Term deposits yielded higher rates across the board on Wednesday amid the strong inflows of funds into the financial system as easing inflation and dovish US Federal Reserve give the Bangko Sentral ng Pilipinas (BSP) more room to ease policy stance. The yield of the seven-day tenor inched up by 1.74 basis […]
Read MoreMANILA, Philippines — The Philippines has lowered its population growth to 1.5 percent in line with its human development goals, the National Economic and Development Authority (NEDA) said. Speaking during the recently held celebration of World Population Day, Socioeconomic Planning Secretary Ernesto Pernia said that while the number of Filipinos continue to rise, the growth […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) said monetary authorities have more leeway to ease this quarter amid the country’s easing inflation and the dovish US Federal Reserve. BSP Governor Benjamin Diokno said further improvement in the domestic inflation outlook and the anticipated move of the US Fed to cut its own key […]
Read MoreMANILA, Philippines — A tighter timeline to finalize concession agreements has been set by the government for proponents who have submitted unsolicited proposals for port projects. Philippine Ports Authority (PPA) general manager Jay Santiago said he has been ordered by Transportation Secretary Arthur Tugade to wrap up negotiations for unsolicited proposals within a maximum of […]
Read MoreMANILA, Philippines — Local car assemblers finally snapped a cumulative sales decline as total sales in the first six months rose 1.46 percent from a year ago, signaling improving demand particularly for commercial vehicles. A joint report of the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and Truck Manufacturers Association Inc. (TMA) released […]
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