Domestic interest rates, best reflected by the benchmark rate of the Bangko Sentral ng Pilipinas (BSP), are seen to mirror the reduction adopted by the US Fed, which has cut its own benchmark by 50 basis points, analysts say.
Agriculture Secretary Francisco P. Tiu Laurel, Jr. on Wednesday projected a gradual easing of rice prices as soon as October as a result of the government decision reducing the tariff on imports.
Personal remittances from Filipinos living and working abroad reached USD3.43 billion in July, an increase of 3.2 percent from the USD3.32 billion total in the same month last year.
The country’s two e-wallet companies on Thursday said they will comply with the Bangko Sentral ng Pilipinas’ (BSP) directive to remove links and icons that connect payment apps to online gambling platforms.
A Korea-funded cold storage and seafood distribution hub launched in El Nido, Palawan, this week—marking a major policy-driven initiative to enhance fisheries, support local cooperatives, and strengthen climate-resilient livelihoods in coastal communities.
The Department of Agriculture (DA) on Thursday announced that the maximum suggested retail price (MSRP) for imported rice will remain in effect during the planned two-month rice import suspension beginning September 1.
The Energy Regulatory Commission (ERC) is proposing key internal policy adjustments aimed at accelerating the resolution of approximately 5,000 pending cases, some dating back to the agency’s founding in 2001.