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.
For three days, Bohol traded its usual island rhythm for the hum of spinning wheels as Giro d’ Luca returned, turning the province into a moving celebration of cycling, wellness, and friendship.
The Department of Trade and Industry (DTI) has expanded safeguard duties on cement imports to include China and Indonesia, tightening protection for local manufacturers amid rising inbound shipments and persistent excess capacity in the domestic industry.
The Philippines’ return to High Point Market after nearly two decades is already paying dividends, with local furniture and home furnishings manufacturers securing USD3.7 million in initial orders and attracting interest from some of the world’s largest lifestyle and home décor brands.
Girlie, a Philippine eagle rescued in 1982 as a juvenile with a permanent injury and blindness in one eye, has spent over 40 years in human care and is now in her mid‑40s — well beyond the species’ usual lifespan. Living at the Ninoy Aquino Parks and Wildlife Center since 2009, she stands as the living symbol of the long‑running partnership between the Department of Environment and Natural Resources (DENR) and the Philippine Eagle Foundation (PEF).