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.
A private sector-led push to review the nearly two-decade-old Japan-Philippines Economic Partnership Agreement (JPEPA) is gaining momentum, as business leaders argue that evolving regional dynamics demand a refreshed approach to Philippine-Japan trade ties.
The Bangko Sentral ng Pilipinas (BSP) cut its key policy rate by 25 basis points on Thursday, signaling a shift toward supporting economic growth as inflation remains under control.
Proposed global tax reforms under the Organisation for Economic Co-operation and Development (OECD) could bolster fiscal sustainability, but Philippine industry leaders are urging policymakers to tread carefully to avoid undercutting demand and competitiveness.
The Department of Public Works and Highways (DPWH) will create a “green lane” to speed up the completion of major infrastructure projects by prioritizing qualified and legitimate contractors.