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BSP notes moderate price pressures in August; inflation forecast as low as 3.2%

The monetary authorities project inflation, or the rate of change in prices, to moderate in August from a low of 3.2 percent to no more than 4 percent. This compares with headline inflation averaging 4.4 percent in July.

NEDA Board extends Laguindingan Airport challenge period by a month

The National Economic and Development Authority (NEDA) Board has extended by a month the submission of comparative proposals for the upgrade, expansion, and operations and maintenance of the Laguindingan International Airport.

DA starts controlled inoculation to combat ASF

The Department of Agriculture on Friday kicked off the controlled trial of a Vietnam-developed African swine fever live vaccine in Lobo, Batangas—a municipality with one of the highest cases of ASF.

Government selling triple-tranche global bonds for budget support

The government has started its second external issuance of 2024, seeking to raise at least USD500 million from a triple-tranche fixed-rate US dollar global bond with maturities of 5.5 years, 10.5 years, and 25 years, primarily for budget support.

Budget deficit narrows in July on strong revenue growth

The budget deficit of the national government narrowed in July to P28.8 billion from P47.8 billion in the same month last year, helped by a robust 11 percent increase in revenue that outpaced the 5.8 percent increase in expenditures

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Discovery Capital secures loan to widen reach, boost financial inclusion

Discovery Capital Finance Corp. has secured a credit facility with Union Bank of the Philippines, part of the Aboitiz group, to speed up its expansion across the country.

EastWest Bank expands priority banking for affluent clients amid strong growth

East West Banking Corp. is set to grow its priority banking network and services, following a 40 percent rise in assets under management to P120 billion last year. CEO Jerry G. Ngo announced the bank will increase priority banking branches nationwide from 13 to 20 in the coming years.

Silent senators forfeit democracy’s mantle

The Senate has been regarded as the last bastion of democratic dissent—a chamber where statesmen stood their ground, challenged power, and refused to let their voices be drowned out by political pressure or executive overreach. It was where difficult questions were asked, unpopular truths were spoken, and silence was treated not as a virtue but as a surrender.

Minority senators seek Cayetano exit over Senate shutdown

The Senate minority bloc on Tuesday called on Senate President Alan Peter Cayetano to resign, him of abandoning his responsibilities, neglecting his duties, and disregarding Senate rules by halting the chamber’s proceedings. In a sharply worded statement, minority senators argued that the Senate “cannot be made to stop working because its presiding officer refuses to lead,” stressing that legislative work must continue regardless of political disputes. The bloc also maintained that Senate rules require the Senate President to consult both majority and minority leaders before postponing a session, alleging that such consultation did not take place.

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