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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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Shared purpose and rule key to family firms

A clear sense of shared purpose backed by enforceable rules can spell the difference between continuity and conflict in family-run enterprises, according to governance adviser Enrique Soriano.

Fuel rewards campaign drives loyalty beyond pump

In a market where rising fuel prices test both patience and wallets, Rizal Commercial Banking Corp. and SEAOIL Philippines have turned everyday spending into something closer to aspiration. 

Cisco and NVIDIA make AI infrastructure practical 

If artificial intelligence has spent the last two years as corporate theater with lavish pilots and cautious applause, then Cisco and NVIDIA are now selling the stage itself.

The Days Ahead

Several things have changed over the past month. The global economy is now poised to face another severe slowdown and rising inflation as a result of the Middle East conflict. While the impact on countries may differ in magnitude, the oil supply shock will squeeze economic activity and raise prices significantly.

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