Policies, not promises, build economies
In 1986, the Philippines stood at a historic crossroads. Fresh from the People Power Revolution, the country embraced a vibrant democratic morning with a distinct economic head start in Southeast Asia. Across the South China Sea, Vietnam was in dire straits—reeling from decades of war, international isolation, and hyperinflation. Yet that very year, Hanoi launched Doi Moi, an ambitious series of economic reforms meant to transition from a rigid command economy toward a more market-driven system.
Fed moves in Washington, Filipino wallets feel the pinch
When the US Federal Reserve, the world’s most influential central bank, moves interest rates, Manila can feel the ripple, even 8,500 miles away. The effects do not arrive all at once, and they do not affect everyone in the same way. But eventually, they can show up in the mortgage, car loan, credit card bill, and even the grocery budget.
PH money market ‘has disappeared’ — BSP chief
The money market in the Philippines where banks and financial institutions go for their short-term funding requirements has practically disappeared, according to the main man at the central bank, Bangko Sentral ng Pilipinas governor Eli Remolona Jr.
Panay Rail Line to become digital farm-to-market backbone under new proposal
In a major push to modernize agriculture and logistics in Western Visayas, Panay Railways, Inc. (PRI), Philtrak Inc., and the Department of Science and Technology (DOST) recently launched a proposal to transform the long-decommissioned Panay railway into a Farm-to-Market Digital Logistics Integrated Backbone (FM-DLIB).
“We Are Not in Batanes”
“We are not in Batanes,” said KONE Philippines managing director Peterri Kyrklund, contrasting the serene, undeveloped landscapes of the northern Philippine province with the rapidly urbanizing cities across the region. The quip came as KONE emphasized the pressing need to modernize aging vertical transport infrastructure in Asia-Pacific.
