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BSP confirms forecast and maintains policy settings

Banking & Insurance Context.ph Context.ph -
The policy-making monetary board of the Bangko Sentral ng Pilipinas (BSP) on Thursday decided to keep its borrowing rate unchanged at 6.50 percent, confirming market forecasts. As at result, the interest rates on overnight deposits and lending facilities were kept at 6 percent and 7 percent, respectively.

Globe rated sustainable telco a third time 

Transport & Logistics Context.ph Context.ph -
Globe Telecom has retained its B score from the Carbon Disclosure Project (CDP) for the third consecutive year, solidifying its position as the most sustainable telecommunications company in the Philippines.

“PUV modernization is more than just vehicles”

Transport & Logistics Context.ph Context.ph -
Homegrown motorcycle taxi operator Angkas supports the government’s public utility vehicle (PUV) modernization but on Thursday urges for a more encompassing approach that addresses the concerns of all stakeholders.

URC breaks ground for new, leading edge production plant in Malvar

Corporate Context.ph Context.ph -
Universal Robina Corp. (URC) has broken ground for its new production plant in Malvar town in Batangas that will showcase its cutting-edge manufacturing process...

Cebu Landmasters secure PCC clearance for joint venture

Corporate Context.ph Context.ph -
Listed property developer Cebu Landmasters Inc. said Thursday it has secured regulatory clearance from the Philippine Competition Commission for its joint venture with NTT...
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ADB offers $500M emergency funding as El Niño risks loom

Agriculture 0
The Asian Development Bank (ADB) is ready to provide the Philippines with up to USD500 million in emergency financing to help address disasters, including the potential impact of a severe El Niño episode, although the government has yet to request additional assistance.

PITX plans smart transport hub network as terminal nears capacity

Mobility 0
From a once-contested solution to Metro Manila’s provincial bus congestion, PITX is positioning itself for a bigger role in the country’s transport system as passenger traffic approaches its design capacity.

Marcos confirms Aguda resignation, rules out Dizon transfer 

Communications & Technology 0
President Ferdinand Marcos Jr. has confirmed accepting the resignation of Information and Communications Technology Secretary Henry Aguda, while ruling out for now the possible transfer of Public Works Secretary Vince Dizon back to the Department of Transportation (DOTr).

Stocks face cautious trading as inflation, rate risks mount

Markets 0
Philippine equities are likely to remain volatile this week as accelerating inflation, peso weakness and mounting expectations of monetary tightening weigh on sentiment, tempering optimism over corporate earnings and potential new stock market listings.
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