Top News
$303M ADB loan to boost flood resilience in river basins
The Asian Development Bank (ADB) has approved a $303 million loan to reduce flood and climate risks and protect people and livelihoods in three major river basins in the Philippines, one of the most vulnerable countries to the effects of climate change and disasters caused by natural hazards.
Tariff Commission hears proposed rice tariff cut this Friday
The three-man Tariff Commission is set to begin this Friday, September 15, a public hearing on the proposal to temporarily reduce the tariff rate on rice imports to 10 percent from 35 percent.
House Bill addresses long-standing problems of military, uniformed personnel pension fund
The House of Representatives is set to start Tuesday floor debates on a bill that will rationalize and strengthen the problematic pension fund system for thousands of military and other uniformed personnel, including policemen, firemen, correctional officers, and coast guard personnel.
T-bill rates mixed at auction of P15B debt paper
Treasury bill (T-bill) yields were mixed at Monday’s auction, with average rate on the 91-day debt paper up slightly from previous auction after data last week showed inflation accelerating in August.
FDI continues to weaken in June – BSP
Foreign direct investments (FDI) that fell at an annual clip of 34 percent in May continued to fall in June but at a significantly moderate rate of only 3.9 percent in June, the Bangko Sentral ng Pilipinas (BSP) said on Monday.
