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Neutral policy rate for Philippines slashed to 5%

The economic scarring effects from the pandemic, expected to be worst in the Philippines, are seen bringing down the country’s long-term neutral policy rate, an international think tank said......»»

Category: newsSource: philstar philstarAug 1st, 2021

‘Inaction is action’ may be BSP’s monetary policy for 2021, says economist

MANILA, Philippines — The central bank will likely keep its key interest rate unchanged when its Monetary Board convenes on Thursday with the regulator finding itself lodged between the opposing demands of fighting rising inflation and restarting the country’s economic growth. As such, the Bangko Sentral ng Pilipinas (BSP) may even end up leaving its overnight […] The post ‘Inaction is action’ may be BSP’s monetary policy for 2021, says economist appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsFeb 8th, 2021

China or US Philippines Inches Toward a Neutral Foreign Policy

TAIPEI, TAIWAN - The Philippines, an old U.S. ally and more recent friend of China, is awkwardly bouncing one superpower off the other on its way to a neutral foreign policy that will give the Sout.....»»

Category: newsSource:  philippinetimesRelated NewsSep 3rd, 2020

Philippines needs to address policy gap for financing RE debts

The Philippines needs to address the policy gap for financing renewable energy developments to be able to reach its clean energy capacity and energy transition targets as this gap has kept projects from getting to shovel ready status......»»

Category: financeSource:  philstarRelated NewsAug 22nd, 2021

Duterte thanks Xi anew for jabs, vows ‘neutral’ PH

President Duterte on Friday told Chinese President Xi Jinping that the Philippines would remain “neutral” on geopolitical issues, as he thanked Beijing for its latest donation of COVID-19 vaccines. Mr. Duterte welcomed the arrival of 739,000 Sinopharm doses that were part of the 1 million doses of that brand that China had pledged to the […] The post Duterte thanks Xi anew for jabs, vows ‘neutral’ PH appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsAug 20th, 2021

CCPO suggests ‘One Entrance, One Exit’ in Carbon Public Market

  CEBU CITY, Philippines — The Cebu City Police Office (CCPO) suggests the re-implementation of the ‘One Entrance, One Exit’ policy in the Carbon Public Market, particularly in the afternoon to avoid overcrowding. Police Lieutenant Colonel Wilbert Parilla, CCPO deputy director for operations, said they will be recommending the said policy to market administrators like […] The post CCPO suggests ‘One Entrance, One Exit’ in Carbon Public Market appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsAug 18th, 2021

Cebu City police reminds residents: Public cooperation is needed in fight against COVID-19

  CEBU CITY, Philippines – Police here have observed that some Cebu City residents are not taking seriously the stay-at-home policy of the city government, which took effect last Monday, August 16, 2021. According to Lieutenant Colonel Wilbert Parilla, deputy director for operations of the Cebu City Police Office (CCPO), this is what they observed […] The post Cebu City police reminds residents: Public cooperation is needed in fight against COVID-19 appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsAug 18th, 2021

Maybank cuts Philippine growth forecast

Malaysian financial giant Maybank has slashed its second half gross domestic product growth forecast for the Philippines despite the expansion in the second quarter......»»

Category: financeSource:  philstarRelated NewsAug 16th, 2021

Oxford Economics slashes Philippine growth outlook to 4.5%

London-based Oxford Economics has turned less optimistic on the Philippines’ growth prospects after it slashed its forecast to 4.5 percent this year, among the lowest projections for the country......»»

Category: financeSource:  philstarRelated NewsAug 15th, 2021

IMF confident of sustained Philippine recovery

Multilateral lender International Monetary Fund said the recovery of the Philippines from the pandemic-induced recession is likely to continue in the second half until next year on the back of substantial policy support and stronger global economy......»»

Category: financeSource:  philstarRelated NewsAug 14th, 2021

GDP slump convinces BSP to maintain historic-low interest rates

The Bangko Sentral ng Pilipinas maintained its historic-low policy rate, keeping monetary support to the economy amid the coronavirus onslaught......»»

Category: newsSource:  philstarRelated NewsAug 12th, 2021

IATF member challenged: Show data, don’t blame Cebu on Delta variant

CEBU CITY, Philippines – A column linking Cebu’s swab-upon-arrival policy and the Delta variant, written by a member of the national government’s anti-COVID task force, did not sit well with local officials here. Cebu Gov. Gwendolyn Garcia did not mince words when she gave her comments on Dr. Edsel Salvaña’s recent statements in his column […] The post IATF member challenged: Show data, don’t blame Cebu on Delta variant appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsAug 12th, 2021

Philippines growth forecasts slashed anew amid latest lockdown

Dutch financial giant ING Bank and ANZ Research expect the Philippines to make a slower bounceback from the pandemic-induced recession as stricter lockdown and quarantine measures were reimposed in the National Capital Region and nearby provinces......»»

Category: financeSource:  philstarRelated NewsAug 6th, 2021

PDu30, nilagdaan ang EO na naglalayong ia-adjust ang dividend rate ng OFBank

MANILA, Philippines – Nilagdaan ni Pangulong Rodrigo Roa Duterte ang isang executive order (EO) na naglalayong ia-adjust ang dividend rate ng Overseas Filipino Bank (OFBank). Tinintahan nitong Agosto 5 at isinapubliko , araw ng Biyernes, inaprubahan ng EO 146 ang adjustment ng porsiyento ng annual net ratings na idedeklara at ire-remitt ng OFB mula 50% […] The post PDu30, nilagdaan ang EO na naglalayong ia-adjust ang dividend rate ng OFBank appeared first on REMATE ONLINE......»»

Category: newsSource:  remateRelated NewsAug 6th, 2021

Ayuda sa Bayanihan 3 isusulong sa Kamara

MANILA, Philippines – Dahil sa paghihigpit muli ng quarantine restriksyon dahil sa pagtaas ng kaso ng coronavirus disease (COVID-19), isusulong ng Kamara ang pagpasa ng Bayanihan to Arise as One Act (Bayanihan 3). “The Philippines should be able to realize that in a crisis such as this, at least we have a policy instrument called […] The post Ayuda sa Bayanihan 3 isusulong sa Kamara appeared first on REMATE ONLINE......»»

Category: newsSource:  remateRelated NewsAug 6th, 2021

Mandaue considers giving free temporary accommodation to health workers

MANDAUE CITY, Philippines — The Mandaue City government is again planning to provide health workers with free temporary accommodation. Mayor Jonas Cortes said especially that COVID-19 cases were rising and capacity utilization rate of hospitals had increased, it’s just also right to help health personnel as they continued to sacrifice their lives in the fight […] The post Mandaue considers giving free temporary accommodation to health workers appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsAug 2nd, 2021

Credit card issuers see more challenges

Credit card issuers expect delinquency rate to be more challenging despite a lower default rate in the second quarter, according to the Credit Card Association of the Philippines......»»

Category: financeSource:  philstarRelated NewsAug 1st, 2021

Chan to IATF: Let Lapu-Lapu MGCQ stay; have uniform quarantine status in Cebu

LAPU-LAPU CITY, Philippines — Lapu-Lapu City Mayor Junard “Ahong” Chan appealed to the Inter-Agency Task Force for the Management of Emerging Infectious Diseases (IATF-MEID) to make a uniform community quarantine classification in Cebu since the local government units (LGUs) in the province were operating under the “One Cebu” Policy. The mayor is also appealing to […] The post Chan to IATF: Let Lapu-Lapu MGCQ stay; have uniform quarantine status in Cebu appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsJul 29th, 2021

Slowing inflation gives BSP space to keep rates low

Bangko Sentral ng Pilipinas Governor Benjamin Diokno said Thursday the manageable inflation rate is giving monetary authorities elbow room to maintain the current policy stance......»»

Category: financeSource:  thestandardRelated NewsJul 23rd, 2021

CitizenWatch: LGUs need digital connectivity

Consumer advocate CitizenWatch Philippines urged business groups to help local governments with digital solutions to strengthen ongoing COVID-19 response and vaccination deployment amidst the prevailing high rate of infections......»»

Category: techSource:  thestandardRelated NewsJul 17th, 2021

Philippines largest telco-neutral data hub opens

Bee Information Technology PH Inc. has opened its first data center in the country to provide telco-grade and tailored data center services to local companies......»»

Category: financeSource:  philstarRelated NewsJul 16th, 2021