SINGAPORE — The Philippines has great potential for microgrid developments and French multinational firm Schneider Electric is positioning itself aggressively in the middle of the country’s transition to power up off-grid areas by bringing in distributed energy solutions. In Southeast Asia, the Philippines and Indonesia share the challenge of providing power to every corner of […]
Read MoreMANILA, Philippines — The national government spent P47.21 billion to pay off its debt, including interest payments and amortization in July, according to the Bureau of the Treasury. According to the latest data from the BTr, the government’s debt payments in July declined 52.63 percent to P47.21 billion from P99.66 billion in the same month […]
Read MoreMANILA, Philippines — The rise in consumer prices further accelerated this month after the onslaught of Typhoon Ompong, prompting the Bangko Sentral ng Pilipinas (BSP) to deliver stronger monetary action this week. Nicholas Mapa, senior economist at ING Bank, said the projected crop damage from the recent typhoon would put more pressure on the overall September […]
Read MoreMANILA, Philippines — The Asian Development Bank (ADB) is rebalancing its financial assistance to the Philippines to cover more transport infrastructure projects under its new six-year country partnership strategy (CPS). The bank’s board of directors approved on Sept. 19 the CPS for 2018 to 2023 under which ADB’s programs and projects in the country would […]
Read MoreMore than half a million metric tons of paddy rice were wiped out by Super Typhoon Mangkhut last weekend, adding pressure to rice prices which are already at a record. Michael Enriquez, chief investment officer at Sun Life of Canada Philippines, Inc., forecast inflation of as high as 7 percent in September, from 6.4 percent […]
Read MoreMANILA, Philippines — The second package of the Comprehensive Tax Reform Program (CTRP) as approved by the House of Representatives will have negligible impact on the country’s fiscal position, Fitch Solutions Macro Research said. In a report, Fitch Solutions said House Bill 8083 or the Tax Reform For Attracting Better and High-Quality Opportunities (TRABAHO) would […]
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