Top News
MB heads off expanded price pressures with off-cycle policy rate adjustment to 6.5%
The regular meeting of the monetary board (MB) of the Bangko Sentral ng Pilipinas (BSP) on Thursday turned into a rate-setting meeting instead as the six-man MB raised the rate at which it lends to banks by 25 basis points to 6.5 percent, effective tomorrow, Friday, 27 October.
Manila gives up on Beijing as ODA source for rail project
The Department of Transportation (DOTr) on Wednesday ruled out looking immediately west of Malacanang as source of sub-market loans or official development assistance (ODA) for the Mindanao Railway Project that China has apparently abandoned.
DBM allots P22 billion to strengthen healthcare services nationwide
Budget Secretary Amenah F. Pangandaman on Wednesday confirmed an allocation of P22.98 billion for the Health Facilities Enhancement Program (HFEP) of the Department of Health (DOH) designed to boost healthcare standards
Japan grant package boosts DOH emergency response capacity
The government of Japan has extended the Philippines a 700 million yen or P260 million grant package to help the Department of Health (DOH) respond quickly to health emergencies.
China wind farm equipment manufacturers look to seal $4-billion investment bid by yearend
The Board of Investments (BOI) is sanguine on the successful conclusion of negotiations with two Chinese wind farm equipment and component manufacturers who look to invest $2 billion each in their proposal to make the Philippines a manufacturing hub.
