MANILA, Philippines — The series of interest rate hikes by the Bangko Sentral ng Pilipinas (BSP) to curb rising inflationary pressures is expected to continue until next year, global banks said over the weekend. The research arm of Fitch Ratings said tightening of monetary conditions in the country would continue with three more rate hikes […]
Read MoreMANILA, Philippines — The local mining industry will continue to survive even if the government would succeed in imposing royalty on all mining operations, the Department of Environment and Natural Resources (DENR) said. Environment Undersecretary Jonas Leones said the department is supportive of the plan to slap royalty on mining contractors for all metallic and […]
Read MoreMANILA, Philippines — The Center for Global Best Practices will host a pioneering program titled, “Best Practices Guide on How to Import Goods to the Philippines” on Aug. 9 at the EDSA Shangri-La Hotel, Mandaluyong City. The seminar will provide participants a comprehensive step-by-step guide on the whole importation process in the Philippines – from […]
Read MoreMANILA, Philippines — The Bureau of Customs once again surpassed its collection target due to the strong performance of majority of ports nationwide. According to preliminary data from the Financial Service division of the BOC, the agency collected P52.05 billion in customs taxes and duties in July, exceeding the target of P50.07 billion by 3.9 […]
Read MoreMANILA, Philippines — Inflation for the country’s bottom 30 percent income households has risen to 6.5 percent in the second quarter of the year because of faster increases in the prices of food, the Philippine Statistics Authority (PSA) reported. This was higher than the 5.3 percent annual growth in the first quarter of the year […]
Read MoreMANILA, 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 […]
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