‘Significantly lower’ inflation expected
INFLATION is expected to fall anew in May and the rest of the year given base effects, Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla said...
Marcos body to address inflation
President Ferdinand “Bongbong” Marcos Jr. has ordered the creation of the Inter-Agency Committee on Inflation and Market Outlook (IAC-IMO) to address inflation and enhance initiatives to...
IMF raises US 2023 economic forecast
WASHINGTON, D.C.: The International Monetary Fund (IMF) slightly raised its forecast for 2023 US economic growth on Friday while noting that a slowing economy will likely...
Dela Rosa shoots for responsible gun ownership
MANILA, Philippines — The growth and development of the firearms manufacturing industry will all depend on the number of educated and responsible gun owners. Thus, said...
UnionBank, PDAX tie up for cutting edge solutions
MANILA, Philippines — Aboitiz-led Union Bank of the Philippines has partnered with Philippine Digital Asset Exchange (PDAX) Inc. to offer cutting-edge solutions for fintechs, tech companies,...
Clients’ money must be protected
BANGKO Sentral ng Pilipinas (BSP) Governor Felipe Medalla likened bank owners to public servants, saying the former’s job is to protect their depositors’ money. In his...
Peso recovers but PSEi drops anew
THE peso rebounded on Friday and returned to P55:$1 territory, but the stock market dropped anew to near the 6,500 level. The currency strengthened by 27...
‘Earning guarantees’ eyed in Maharlika fund
SEN. Francis “Chiz” Escudero, on Friday, called for more “earning guarantees” in the Maharlika Fund bill, which would allow the sovereign fund to surpass the 6...
Marcos certifies Maharlika fund bill as urgent
MANILA, Philippines — The Senate yesterday received a letter from President Marcos certifying as urgent the creation of a Maharlika investment fund as urgent. Malacañang’s letter...
Asia FX weakens amid debt ceiling woes, dollar at two-month high
Investing.com — Most Asian currencies slid on Thursday, while the dollar hit a two-month high as uncertainty over raising the U.S. debt limit and averting a...