The Downstream Oil and Gas Regulatory Agency (BPH Migas) has estimated that fuel consumption will increase by 20 percent during the fasting month of Ramadhan and the Idul Fitri holiday. BPH Migas committee member M. Ibnu Fajar said the agency together with the Energy and Mineral Resources Ministry and state-owned oil and gas company Pertamina would increase the […]
Read MoreMANILA, Philippines — Uncertainties in the labor sector brought about by the issue of contractualization have caused significant harm to the country’s exports which contracted for the second consecutive month in March after more than a year of expansion. Sergio Ortiz-Luis Jr., president of the Philippine Exporters Confederation Inc. and vice chair of the public-private […]
Read MoreTHE MONETARY Policy Committee, in its meeting on May16, is expected to maintain the policy rate at 1.5 per cent as the country’s economic growth continues with inflation under control, analysts said. Bank of Ayudhya’s executive vice president Somprawin Manprasert said that the bank believes the Monetary Policy Committee will maintain the policy rate at […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) finally raised interest rates for the first time in more than three years yesterday, saying monetary authorities are ready to take further policy action to temper inflationary pressures. BSP Governor Nestor Espenilla Jr. said in a press conference the central bank’s Monetary Board decided to raise […]
Read MoreThe National Payment Gateway (GPN) may burden both consumers and banks as Bank Indonesia (BI) requires all bank customers to have at least one GPN card, the University of Indonesia’s Institute for Economic and Social Research (LPEM UI) has said. LPEM UI researcher Chaikal Nuryakin said on Wednesday that based on BI’s target, following the issuance of Article 43 […]
Read MoreMANILA, Philippines — The Philippine economy grew by 6.8 percent in the first quarter, in line with market expectations, to remain one of the best performers in Asia next to Vietnam and China. Philippine Statistics Authority data showed that for the 10th consecutive quarter, gross domestic product (GDP) growth hit 6.5 percent and above. For […]
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