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 Bangko Sentral ng Pilipinas (BSP) has signaled that its interest rate easing cycle has come to an end, with Governor Eli Remolona saying the latest 25-basis-point adjustment will likely be the last.
Local electricity supplier Rockport Power Inc. has partnered with Filipino manufacturer King Global Sanitary Products to supply energy for its operations.
The National Power Corp. (NPC) has signed an agreement with Climate Smart Ventures (CSV) to create a framework for carbon credits, aiming to support the Philippines’ shift to a low-carbon future.