[MANILA] Consumer inflation in the Philippines likely quickened to the highest in 27 months in February, mainly due to increases in energy prices and transport fares, but is unlikely to prompt any rate increases from the central bank, a Reuters poll showed. The median forecast in a poll of 11 economists was for the consumer […]
Read MoreMANILA, Philippines – President Duterte made it clear from the very start: he is going to eradicate corruption, crime and criminality in his six years in office. But while he wages a bloody war against suspected drug criminals, other “criminals” are having a grand time doing illegal activities. Such is the case with fuel smugglers, […]
Read MoreMANILA, Philippines – The government incurred a budget deficit of P353.4 billion in 2016, widening by almost three-fold, or 190 percent, from the P121.7 billion shortfall recorded in 2015 amid the Duterte administrations efforts to ramp up public spending on infrastructure, the Bureau of the Treasury reported yesterday. “The outturns reflect strong expenditure growth of […]
Read MoreMANILA, Philippines – The Philippines and Cambodia are looking to work together to research on rice in a bid to boost rice production in both countries. In a statement, the Department of Agriculture(DA) said it recently met with officials of Cambodia’s Ministry of Agriculture, Forestry and Fisheries, who sought Philippine cooperation in learning new rice […]
Read MoreMANILA, Philippines – Japanese and Chinese companies are looking at investing and partnering with Philippine firms amid the bright prospects brought about by the sustained growth in the economy. Security Bank Corp. president and CEO Alfonso Salcedo Jr. said it has partnered with Japan’s Mitsubishi UFJ Finance Group Inc. (MUFG) to arrange close to 200 […]
Read MoreMANILA, Philippines – Ant Financial Services Group, the financial technology company controlled by Alibaba’s Jack Ma, is making a strategic investment to get a 45-percent stake in Globe Fintech Innovations Inc. (Mynt), a unit of Globe Telecom Inc., to help accelerate financial inclusion in the Philippines. In a statement, Globe said Ant and Ayala Corp. […]
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