MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is set to gradually reduce banks’ required reserves in tandem with capital market reforms. BSP Governor Nestor Espenilla Jr. said on the sidelines of the 43rd Philippine Business Conference and Expo yesterday that the central bank is set to reduce the reserve requirement ratio (RRR), currently […]
Read MoreMANILA, Philippines — European investors in the Philippines said there is no reason for them to pack up and leave amid President Duterte’s continued tirades directed against the European Union (EU). “We are business as usual. Nothing has changed and we intend to keep it that way. We all have rocky roads sometimes. We have ups and […]
Read MoreMANILA, Philippines — The Philippines is looking at the future with cautious optimism as the economic landscape has altered considerably a decade after the global financial crisis, Bangko Sentral ng Pilipinas Governor Nestor Espenilla Jr. said yesterday. Espenilla said during the 2017 Annual Meetings of the International Monetary Fund and the World Bank the world […]
Read MoreMANILA, Philippines — Unutilized mining areas owned by the government will soon be transformed into economic zones to boost the domestic processing of minerals, the head of the Philippine Economic Zone Authority (PEZA) said. PEZA director general Charito Plaza said her agency is set to forge a deal with the Philippine Mining Development Corp. (PMDC), […]
Read MoreMANILA, Philippines — Inflation may accelerate in the fourth quarter, averaging 3.5 percent due to the continued weakening of the peso and rising oil prices, according to Deutsche Bank. In a report, Deutsche Bank chief economist Michael Spencer said headline inflation would average 3.5 percent in the fourth quarter. Deutsche Bank, likewise, expects inflation to […]
Read MoreMANILA, Philippines — Foreign telco players are interested in penetrating the Philippine market, which at present remains dominated by only two – Manuel V. Pangilinan’s PLDT Inc. and Ayala-led Globe Telecom. Australia’s Telstra Corp. Ltd. and China Telecommunications are among the companies reportedly eyeing the Philippine market, several industry and government sources told The STAR over the […]
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