By Keisha B. Ta-asan, Reporter THE PHILIPPINE central bank should cut borrowing costs at an off-cycle meeting before April to support consumer spending and investments, an economist said at the weekend, but others said any rate cuts before the US Federal Reserve starts its own easing could hurt the peso. […]
Economists see inflation within target until 2026 — BSP survey
A wide variety of fish at the Marikina Public Market. — PHILIPPINE STAR/ WALTER BOLLOZOS ECONOMISTS expect inflation to stay within the Philippine central bank’s 2-4% target until 2026, but supply shocks and second-round effects continue to pose risks to the outlook, the Bangko Sentral ng Pilipinas (BSP) said last […]
Higher-than-expected wage hikes may stoke prices, keep rates high
Workers are seen installing steel at a construction site in Santa Cruz, Manila. — PHILIPPINE STAR/EDD GUMBAN By Luisa Maria Jacinta C. Jocson, Reporter HIGHER-THAN-EXPECTED minimum wage increases could spur prices to spiral out of control and prompt the central bank to keep rates tighter for longer, according to analysts. […]
Gov’t told to expand funding sources, rein in spending to hit growth targets
ICTSI By Beatriz Marie D. Cruz, Reporter THE GOVERNMENT of Philippine President Ferdinand R. Marcos, Jr. should expand its funding sources and manage spending to meet economic growth targets this year, according to lawmakers. This was after analysts said the dry spell brought by El Niño could temper growth this […]
SMC-led group told to show financial projections for NAIA
Passengers disembark from their vehicles in front of the Ninoy Aquino International Airport terminal 1 in Pasay City, Metro Manila, Philippines, Oct. 6, 2023. — REUTERS By Ashley Erika O. Jose, Reporter THE offer of San Miguel Corp. (SMC) consortium to rehabilitate and operate the Ninoy Aquino International Airport (NAIA) […]
UAAGI springs an executive surprise
From left are Foton Philippines General Manager Levy Santos; United Asia Automotive Group, Inc. (UAAGI) Chairman Rommel Sytin; UAAGI Chief Marketing Executive Lyn Manalansang-Buena; and Chery Philippines Managing Director Froilan Dytianquin. — PHOTO BY MANNY N. DE LOS REYES THE RATHER eleventh-hour invitations came straight from the father-and-son team of […]
Airline fuel surcharge to rise in March
PHILSTAR THE Civil Aeronautics Board (CAB) has increased the airline fuel surcharge for March. The fuel surcharge, which is added to the base fare, was increased to Level 6 from Level 5 in February, the agency said in an advisory signed by CAB Executive Director Carmelo L. Arcilla. “Airlines wishing […]
Porsche comes to shove
1 of 6 By Angel Rivero WHAT A SPECIAL DAY it was — a three-day extravaganza where speed, luxury, and precision converged in a celebration of four of the most illustrious car brands: Porsche, Audi, Lamborghini, and Bentley. They called it the PGA World of Supercars. And hurrah, I was […]
Power blooms in Carolina Herrera’s show at New York Fashion Week
1 of 2 NEW YORK — Carolina Herrera aimed to highlight the powerful and resilient side of its clientele at its runway show at New York Fashion Week. The collection was filled with streamlined silhouettes that were both precise and clean, speaking to the clarity and focus of the modern […]
URC shares pick up on rosy outlook
STOCKS on Universal Robina Corp. (URC) inched up last week as analysts saw better performance with taxes on junk food and sweetened beverages scrapped and inflation easing. A total of 8.07 million shares amounting to P932.39 million were traded from Feb. 12 to 16, data from the Philippine Stock Exchange […]