Monday, 18 August 2025, 11:47 am

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    BSP data suggests a stay in benchmark interest rate

    Latest Bangko Sentral ng Pilipinas (BSP) data boost the likelihood the monetary authorities will keep the rate at which they lend to or borrow from the banks where they stood two weeks earlier when the policy-making monetary board (MB) announced an off-cycle adjustment.

    Rafael D. Consing Jr. named MIC head

    Malacanang has appointed former infrastructure and port executive and current presidential adviser Rafael D. Consing Jr. as president and chief executive of the Maharlika Investment Corp. (MIC).

    Fitch affirms country’s investment grade rating, stable credit outlook

    ​Fitch Ratings has affirmed Manila's triple B (BBB) credit rating, which is above the minimum investment grade, and has kept the outlook on the rating at “stable.” 

    Saving and real investments fell in 2020 as pandemic bites – BSP data

    The country's so-called flow of funds in 2020, which helps indicate whether the USD406 billion economy borrows from or actually lends money to the growth-producing economic sectors, show a sharp 26.1 percent drop in domestic saving to P3.7 trillion from P5 trillion in 2019.

    Tenuous global outlook helps dampen 8-month foreign investor interest

    Long-horizon foreign direct investments (FDI) in August proved marginally lower this year at only USD789 million from year-ago level of USD792 million, the Bangko Sentral ng Pilipinas (BSP) reported on Friday.

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    MSRP on imported rice to stay despite import ban

    The Department of Agriculture (DA) will maintain the maximum suggested retail price (MSRP) of P43 per kilo for imported rice during the two-month rice import suspension set for September and October.

    Top Line declares P22.9M as special cash dividend

    Top Line Business Development Corp. on Monday declared a special cash dividend worth P22.9 million.

    ADB appoints Jeffries as Philippine director

    The Asian Development Bank (ADB) has appointed Andrew Jeffries as its new Country Director for the Philippines. He assumes his new role on Monday, August 18.

    Arthaland’s Furusato Land secures key Cebu property

    Listed real estate firm Arthaland Corp. announced that its newly established subsidiary, Furusato Land Corp., has acquired a significant stake in 14 parcels of land in Cebu City.

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