Lender urges calibrated rate hike and swift supply reforms as BSP flags high inflation, weak growth
The Bank of the Philippine Islands (BPI) is urging the Bangko Sentral ng Pilipinas (BSP) to deliver a calibrated interest rate increase while calling on executive agencies to roll out immediate supply-side reforms, following the central bank’s warning late Wednesday that the economy faces a difficult mix of high inflation and slowing growth.
Airfares set to fall late- November after CAB cuts fuel surcharge
Travelers and freight forwarders may pay less for flights and cargo starting November 16, as the Civil Aeronautics Board (CAB) lowers fuel surcharges following a drop in global jet‑fuel prices.
PPA pushes inter-island sea travel for ASEAN‑linked five-day holiday
The Philippine Ports Authority (PPA) is inviting Filipinos to explore local tourist spots using the country’s modernized ports and budget‑friendly inter‑island sea travel for the November 14‑18 extended holiday tied to the 49th ASEAN Summit.
GMA Network’s nine-month net income plunges 98%
GMA Network Inc. reported a 98‑percent drop in its January‑September net income, as the end of election‑driven advertising revenue, inflation, and economic uncertainty dragged down its core broadcast business.
Meralco raises November rates by P0.49 per kWh
A weaker peso, more expensive imported natural gas, and rising electricity demand pushed up Meralco’s power procurement costs, prompting a P0.4895 per kilowatt-hour (kWh) increase in electricity rates for November.
