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    BSP keeps Inflation target range from 2 to 4 percent over next 3 years

    The interagency Development Budget Coordination Committee (DBCC), in consultation with the Bangko Sentral ng Pilipinas (BSP), has kept the current inflation target of 3 percent, plus or minus 1 percentage point for 2024 – 2026. 

    President Marcos signs 2024 budget into law; govt eyes sustained growth

    President Ferdinand Marcos Jr. on Wednesday signed into law the P5.768 trillion General Appropriation Act for 2024, a budget the chief executive said was meticulously crafted by the national government and Congress to sustain the Philippines’ high-growth trajectory, 

    BSP can consider policy easing if inflation on downward path

    The Philippine central bank can start considering an easing of its monetary policy if inflation continued on its path and expectations remain well anchored, its governor said on Wednesday.

    IMF governors approve 50% increase in lending resources with no shareholding changes

    The International Monetary Fund's governing body has approved a 50 percent increase in quota resources to be contributed by member countries in proportion to their current IMF shareholding, bringing total quotas to $960 billion, the IMF said on Monday.

    Internet Transactions Act protects both online consumers and sellers

    Enterprises are advised to be well-informed about the recently signed Internet Transactions Act (ITA), which seeks to protect both online consumers and merchants engaged in digital transactions.

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    Quimpo name Ayala Land CFO, signaling strategic financial transition

    Ayala Land Inc. (ALI) has appointed Jose Eduardo A. Quimpo II as its new chief financial officer (CFO) and treasurer, effective August 19, marking a key leadership transition with corporate and commercial implications for the real estate giant.

    DOTr Orders Airlines to Give Real-Time Flight Updates

    The Department of Transportation (DOTr), through the Civil Aeronautics Board (CAB), has issued a directive requiring all airlines to provide passengers with timely and accurate updates on flight status, in line with President Ferdinand Marcos Jr.’s directive to improve the travel experience for Filipinos.

    Clark Airport lowers forecast passenger traffic, citing operational delays

    Luzon International Premiere Airport Development Corp. (LIPAD), operator of Clark International Airport (CRK), has revised its 2025 passenger traffic forecast downward to 3 million, from an earlier estimate of 3.2 million, citing operational delays and airline changes.

    DA pushes for more rice processing systems

    The Department of Agriculture (DA) is seeking to accelerate the development of additional rice processing systems (RPS) nationwide to improve post-harvest efficiency and support the National Food Authority (NFA), whose milling and drying capacity has declined following the Rice Tariffication Law (RTL).

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