MANILA, Philippines — The Philippines is poised to book a strong gross domestic product (GDP) growth of between six and seven percent over the next few years despite the slowdown in the past few quarters, according to Moody’s Analytics, a unit of Moody’s Corp. Moody’s Analytics economist Vaesna Kong said in a report that the Philippine economy may […]
Read MoreMANILA, Philippines — The possibility of not extending the grant of incentives given to Tourism Enterprise Zones (TEZ) is seen to put a dent in the competitiveness of the country’s tourism sector. “For us, it’s similar from what we see in the office (sector) from the PEZA (Philippine Economic Zone Authority) locators. That will definitely […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) decided yesterday to raise anew policy interest rates by 25 basis points as part of a proactive action to help temper the rise in inflation. This brought the total increase in benchmark rates to 175 basis points in five rates setting meetings since May this year to curb rising inflationary […]
Read MoreMANILA: The Philippine central bank raised its benchmark interest rate for a fifth straight meeting to curb inflation, joining Indonesia in tightening monetary policy yesterday. Bangko Sentral ng Pilipinas increased the overnight reverse repurchase rate by 25 basis points to 4.75%, the highest since 2009, it said in a statement in Manila. Rates have been […]
Read MoreMANILA, Philippines — Publicly-listed Philippine Telegraph and Telephone Corp. (PT&T) is moving toward the transformation of the company into a digital services provider, offering a wide range of telecommunications and IT services under its new management. PT&T, which celebrated yesterday its 56th year of service, said it would move forward with its plans to offer […]
Read MoreMANILA, Philippines — Malacañang yesterday expressed optimism that the rice tariffication bill would face smooth sailing in the bicameral conference committee after the Senate approved its version of the measure. The bill, which aims to replace the quantitative import restrictions on rice with tariffs, was approved on third and final reading by the Senate Wednesday. […]
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