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    MB approved $2 billion public sector foreign borrowing in Q4 2022

    For the period October to December 2022, the Monetary Board (MB) of the Bangko Sentral ng Pilipinas (BSP) approved one public sector foreign borrowing of $2 billion, which is lower by 32.95 percent compared to the $2.98 billion borrowings approved in the same period in 2021. 

    Inflation, renewed mobility helping shape 2023 global consumer trends

    The post-pandemic era is ushering in new shopping habits across the world, and companies must monitor them closely to address and adjust to their customers’ evolving needs, according to global market research firm Mintel. 

    BOP surplus in December pared the full-year 2022 shortfall to only $7.3B

    The balance of payments (BOP), essentially what is left after deducting the country’s foreign currency expenses against earnings, stood as a surplus of $612 million in December 2022, the Bangko Sentral ng Pilipinas (BSP) said on Thursday.

    DOF chief briefs WEF CEOs on proposed Maharlika Investment Fund

    Finance Secretary Benjamin Diokno briefed World Economic Forum (WEF) chief executive officers (CEOs) on the current state of the Philippine economy, as well as...

    Tugon Kabuhayan offers private-sector help to stop chronic food smuggling

    Food security and livelihood advocacy group Tugon Kabuhayan on Tuesday offered to help the government stop the chronic smuggling of food products that has depressed local production and kept food prices...

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    New organic pesticide gets PCA nod to fight cocolisap

    The Philippine Coconut Authority (PCA) has approved the use of CropGuard, a locally developed pesticide by Chemrez Technologies Inc., as an alternative treatment for coconut scale insect (CSI), or cocolisap, signaling a shift toward more sustainable pest control policies.

    Hydrogen exploration kicks off in clean energy push

    The Department of Energy (DOE) has conducted a reconnaissance survey in Zambales and Pangasinan preparatory to crafting the country’s first native hydrogen exploration service contracts. The effort is a critical step in positioning hydrogen as a resource in the country’s clean energy transition, particularly through co-firing with natural gas to reduce emissions.

    P20 rice program launched in Guimaras

    The Department of Agriculture (DA), in collaboration with the local government, launched the “Benteng Bigas, Meron na!” in Guimaras, expanding the reach of the affordable rice initiative of President Ferdinand Marcos Jr. to vulnerable sectors in the island province.

    New BPI fund offers 6.1% annual payout via global bonds

    BPI Wealth, the asset management arm of Ayala-led Bank of the Philippine Islands, has introduced the BPI Global Bond Income Fund, aiming to provide Filipino investors with consistent monthly income through global fixed income investments.

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