Think tank and Fitch Group unit BMI said the Manila decision reducing the tariff on imported rice could help push the price of the staple higher in global markets.
The Paris-based Financial Action Task Force (FATF) has acknowledged the progress the Philippines has made in key areas of money laundering and terrorist financing that has fueled optimism for Manila to exit the FATF grey list.
The national government recorded a wider budget deficit of P174.9 billion in May as the 22 percent increase in spending outpaced the 15 percent growth in revenue.
Global ride-hailing service provider inDrive on Friday announced a sharply divergent and superior commission charge than the 23 percent levied by its rivals against their driver partners in Metro Manila and its environs at the moment.