Tuesday, 05 August 2025, 12:03 pm

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    PH on track for 5.7% growth in 2024, driven by strong inflation control

    The USD437 billion Philippine economy is projected to grow by 5.7 percent in 2024, according to Fitch Ratings, which credits the country’s effective monetary policy for the positive outlook.

    OFW remittances continue to surge: October sees 2.7% growth

    The Bangko Sentral ng Pilipinas (BSP) on Monday reported a positive trend in personal remittances from overseas Filipinos (OFs), with October 2024 figures showing a 2.7 percent annual increase.

    Philippine T-bill yields rise ahead of central banks’ action

    Philippine Treasury bill (T-bill) yields rose at Monday’s auction compared to the previous week, as market participants await key monetary policy decisions from both the US Federal Reserve and the Bangko Sentral ng Pilipinas (BSP) later this week.

    LTFRB issues SCO vs Angkas on rider cap breach

    The Land Transportation Franchising and Regulatory Board (LTFRB) has issued a show cause order (SCO) to motorcycle ride-hailing and delivery service app, Angkas, demanding an explanation for allegedly surpassing the government-mandated cap on motorcycle taxis in Metro Manila.

    DA stands firm on closed-fishing season for sustainable fisheries

    The Department of Agriculture (DA) and Bureau of Fisheries and Aquatic Resources (BFAR) reaffirmed their commitment to the closed-fishing season as a critical conservation measure. 

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    Globe Taps Airtel’s Xtelify for AI-driven service overhaul

    Globe Telecom has entered a multi-year, multi-million-dollar partnership with Xtelify, the digital innovation arm of India’s Bharti Airtel, to deploy next-generation AI-driven software aimed at revolutionizing customer service and operational efficiency in the Philippines.

    Rice, utilities costs pull down July inflation to 6-year low

    Inflation in the Philippines eased to its lowest level in six years in July, driven by falling prices of rice, other food items, and utilities. The headline inflation rate slowed to 0.9 percent, down from 1.4 percent in June, according to the Philippine Statistics Authority (PSA).

    Strong credit demand lifts bank loans, money supply in June

    Lending activity by universal and commercial banks (U/KBs) continued its upward trajectory in June, supporting stronger domestic demand and economic momentum, according to preliminary data from the Bangko Sentral ng Pilipinas (BSP).

    Wall Street advances on hopes Fed will cut rates

    U.S. stocks rallied Monday as weak jobs data bolstered expectations that the Federal Reserve could begin cutting interest rates in the coming months.

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