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Rising tourist arrivals strain water and energy resources, increases CO2 output
The Philippines is grappling with increasing pressure on its water and energy resources due to a surge in tourist arrivals.
Central bank lending rate seen reflecting US Fed rate cut
Domestic interest rates, best reflected by the benchmark rate of the Bangko Sentral ng Pilipinas (BSP), are seen to mirror the reduction adopted by the US Fed, which has cut its own benchmark by 50 basis points, analysts say.
DA chief projects significant drop in rice prices by January due to tariff reduction
Agriculture Secretary Francisco P. Tiu Laurel, Jr. on Wednesday projected a gradual easing of rice prices as soon as October as a result of the government decision reducing the tariff on imports.
3Q palay output projected to fall 11% to 3.36 million metric tons
The Philippine Statistics Authority projected an 11 percent reduction in palay output in the third quarter to 3.36 million metric tons.
OF personal remittances increase by 3.2% in July to USD3.43 billion
Personal remittances from Filipinos living and working abroad reached USD3.43 billion in July, an increase of 3.2 percent from the USD3.32 billion total in the same month last year.
