The Bank of the Philippine Islands (BPI) is urging the Bangko Sentral ng Pilipinas (BSP) to deliver a calibrated interest rate increase while calling on executive agencies to roll out immediate supply-side reforms, following the central bank’s warning late Wednesday that the economy faces a difficult mix of high inflation and slowing growth.
Travelers and freight forwarders may pay less for flights and cargo starting November 16, as the Civil Aeronautics Board (CAB) lowers fuel surcharges following a drop in global jet‑fuel prices.
The Philippine Ports Authority (PPA) is inviting Filipinos to explore local tourist spots using the country’s modernized ports and budget‑friendly inter‑island sea travel for the November 14‑18 extended holiday tied to the 49th ASEAN Summit.
GMA Network Inc. reported a 98‑percent drop in its January‑September net income, as the end of election‑driven advertising revenue, inflation, and economic uncertainty dragged down its core broadcast business.