Persistent price pressures, cooling economy a compelling tightrope walk for the BSP
The Bangko Sentral ng Pilipinas (BSP) faces an intricate policy dilemma as the economy slows down sharply. Second-quarter GDP growth cooled to 2.3 percent year-on-year—down from 2.8 percent in the first quarter and well below the 5.4 percent mark recorded a year prior—placing the central bank in the difficult position of managing persistent price pressures while avoiding a deeper domestic downturn.
Jollibee Group launches first Compose Coffee in PH, plans 5-year nationwide expansion
The Jollibee Group has opened its first Philippine branch of Compose Coffee at Market! Market! in Bonifacio Global City, Taguig.
RPVARA deferment gives housing sector breathing room
The deferment of the Real Property Valuation and Assessment Reform Act gives the Philippine housing industry a critical window to prepare for a tax...
Pax Silica hub targets USD 200B exports
The planned Pax Silica industrial hub in New Clark City is targeting its first 10 to 20 locators within five years of construction, with an ambitious goal of generating as much as USD200 billion in exports over a 30-year development period.
Philippines reserves hold above $100B in July
The Philippines’ gross international reserves (GIR) remained above the psychologically important USD100-billion mark in July, providing the country a sizable external cushion even as the stockpile edged lower during the month.
