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Residential real estate prices push higher in 4Q 2023
Residential real estate prices of various types of new housing units in the Philippines continued to increase in 4Q 2023, rising by 6.5 percent year-on-year, albeit lower than the 12.9 percent growth in 3Q 2023. Quarter-on-quarter, the index contracted by 3.6 percent, which is a reversal of the 3.4 percent growth registered in 3Q 2023.
BSP delays Monetary Board’s rate-setting meeting to April 8
The Bangko Sentral ng Pilipinas said it decided to hold its second monetary policy meeting this year on April 8.
DOE takes back earlier assurances, now saying thinning reserves boost yellow alerts in months ahead
Below-capacity water levels at hydroelectric facilities in the Luzon grid has increased the likelihood of so-called yellow alerts being issued in the hot months ahead, the Department of Energy (DOE) said.
National Treasury seeks to raise P45B next week for budget support
The Bureau of the Treasury aims to raise a total P45 billion through the auction of treasury bills and bonds for budget support.
Philippines needs investment to sustain strong growth—WEF chief
The Philippines will need more investment to develop its young talent pool, critical infrastructure and renewable energy to sustain its robust economic growth and become a formidable player in the world economy, said Borge Brende, president of the World Economic Forum.
