Inflation dropping below 0.9% possible

October 24, 2019
“The inflation outlook for the rest of the year is, it will at least go sideways or lower,” MB member Bruce Tolentino told journalists in an interview after the Bankers Institute of the Philippines general membership meeting in Makati City.

Australian GT returns to the streets of Surfers Paradise

After a mid-season battle of endurance that saw reigning Australian GT champion Geoff Emery and team-mate Garth Tander crowned champions in the 2019 CAMS Australian Endurance Championship, the series returns to sprint format this weekend with the Gold Coast hosting the penultimate round of the season alongside Supercars, with two 60-minute races on the beachside circuit, the first for AGT since 2012.

No ‘vulnerabilities’ in banking system –– FSCC

September 28, 2019
“As I have said all along, growth must be our top-of-mind policy objective and the global conditions do not change our resolve,” stated Governor Diokno, highlighting that having better infrastructure is key, specifically the government’s Build, Build, Build program. “From the standpoint of the FSCC, one of our objectives is to make infrastructure financing viable and this is why we are focusing in particular on deepening the capital market,” Bangko Sentral and FSCC Chairman Diokno said.

Dar assures rice import safeguards

September 25, 2019
“So, I have taken the necessary steps and the direction where we will enforce legal measures during these times when we have greatly exceeded the volume needed to fill up the slack in national rice supply, most particularly in Metro Manila and major urban rice consumption centers,” the DA chief added.

P300M sought to fund innovation law

September 25, 2019
The Department of Trade and Industry is seeking an initial P200 million to P300-million revolving fund for the implementation next year of a new law supporting the innovation activities especially of micro, small and medium enterprises and enable them to become part of the global market.

Gov’t spending seen to boost Q3 growth

September 20, 2019
Cielito Habito, former NEDA chief and now a professor at Ateneo de Manila University, cited the global growth forecast of the International Monetary Fund at 3.2 percent in 2019, with growth coming from emerging markets and developing economies, including the Philippines.

Tax hikes, lower consumption, less collection

September 19, 2019
Citing the group’s position paper submitted to the Senate Ways and Means Committee, DSAP president Olivia Limpe-Aw, in a statement, said industry data has shown that “too much” tax hikes may result in lower revenues and tax yield for the government due to lower consumption.