The Bangko Sentral ng Pilipinas (BSP) has signaled that its interest rate easing cycle has come to an end, with Governor Eli Remolona saying the latest 25-basis-point adjustment will likely be the last.
The Bangko Sentral ng Pilipinas (BSP) has raised its key interest rate by 0.25 percentage points to 4.5%, along with increases in its lending and deposit rates. The move is aimed at slowing the rise in prices.
A consumer advocacy group is calling on the Department of Energy (DOE) to quickly issue clear rules to enforce a new tax exemption that could help reduce electricity costs for consumers.
The Board of Investments (BOI) said Wednesday it is ready to help build business partnerships between the Philippines and Slovenia, focusing on stronger and more reliable energy systems.