The Monetary Board of the Bangko Sentral ng Pilipinas (BSP) has decided to increase the target reverse repurchase (RRP) rate by 25 basis points, bringing it to 4.75 percent.
A meeting between Philippine President Ferdinand Marcos Jr. and Russian President Vladimir Putin in Kazan has opened the door to broader economic cooperation, as both countries look to build on five decades of diplomatic relations and explore new areas of partnership.
German President Frank-Walter Steinmeier threw his weight behind the swift completion of the European Union-Philippines Free Trade Agreement (FTA), signaling stronger investor interest in the Philippines and deeper economic cooperation as global trade patterns continue to shift.
President Ferdinand R. Marcos Jr. has called Congress to a special session on June 17 to fast-track a package of priority measures and allow the Commission on Appointments (CA) to act on pending nominations to key government posts.
The Department of Environment and Natural Resources (DENR) has formally requested Davao City Mayor Sebastian Duterte to clarify recent waste‑dumping incidents outside its regional office in Lanang. In a June 15 letter, Regional Director Mercedes Dumagan gave the mayor five days to respond, noting that some individuals caught dumping mixed waste said they acted based on the mayor’s June 4 Facebook post identifying the compound as a temporary collection point.