The Bangko Sentral ng Pilipinas on Thursday delivered a preemptive 25-basis-point rate hike and left the door open to further tightening as stubborn inflationary pressures threaten to keep prices above the central bank’s target range.
The Management Association of the Philippines (MAP) has called for full transparency and accountability in the proposed 2027 national budget, warning that questionable spending practices could further erode public trust and investor confidence.
The Philippines has built a P6.36-trillion investment pipeline, but the bigger challenge now is turning projects on paper into construction sites, operating facilities, and productive assets.
Moody’s Ratings affirmed the Philippines’ Baa2 sovereign credit rating on Monday, citing expectations that the government’s fiscal position will stabilize over the next two years despite a sharp slowdown in economic growth.
Agriculture sector damage from the enhanced southwest monsoon and Tropical Cyclones Luis, Maymay and Neneng has risen to P1.91 billion, per the Department of Agriculture (DA) 12 noon advisory. This is up from the P1.79 billion reported August 22.