PHILIPPINE STAR/WALTER BOLLOZOS By Luisa Maria Jacinta C. Jocson, Reporter INFLATION may have quickened for the second straight month in March, according to economists, which could make the case for the Philippine central bank to keep key rates higher for longer. It probably rose by 3.8% last month, according to […]
Securing ‘A’ credit rating difficult as fiscal issues remain
PIXABAY By Luisa Maria Jacinta C. Jocson, Reporter SECURING an “A” level sovereign credit rating by the end of the Marcos administration may be difficult as persistent underspending and the lack of reforms to improve revenue generation continue to constrain the Philippines’ growth prospects, analysts said. “Getting an ‘A’ rating […]
PHL Jan. debt service up threefold to P159B
BW FILE PHOTO THE NATIONAL Government’s (NG) debt service bill more than tripled to P158.898 billion in January as both principal and interest payments rose, the Bureau of the Treasury (BTr) reported. Latest data from the BTr showed that the debt repayments in January surged by 232.2% from the P47.831 […]
Marcos gov’t told to turn to Japan for infra funding
PHILIPPINE STAR/ MIGUEL DE GUZMAN By John Victor D. Ordoñez, Reporter THE GOVERNMENT of President Ferdinand R. Marcos, Jr. should turn to Japan for funding assistance to fast-track stalled infrastructure and development projects initially designed for funding by Chinese loans, according to economists. “The Japan International Cooperation Agency (JICA) remains […]
Ban on Binance seen to chill crypto landscape
REUTERS By Revin Mikhael D. Ochave, Reporter THE PHILIPPINES’ ban on the crypto exchange Binance may have a “chilling effect” on the industry, according to analysts. “Overall, this action of the Securities and Exchange Commission (SEC) sends a chilling effect to all other exchanges, whether they are international or locaI,” […]
Beyond the road less traveled
1 of 4 THERE’S SOMETHING extra special about the idea of driving into the great outdoors and its promise of unforgettable experiences. Clearly, not every car is designed to be both a city driver and off-road adventurer; it’s usually one or the other. Subaru vehicles are among those that can […]
IEMOP: Dry season demand to drive up spot prices
ELECTRICITY prices in the Wholesale Electricity Spot Market (WESM) are expected to increase during the dry season this year due to a surge in demand, the Independent Electricity Market Operator of the Philippines (IEMOP) said. “In terms of the WESM prices, I think it will increase at around P5 to […]
FAO grant funds 3 PHL agri feasibility studies for $1 million
REUTERS THE PHILIPPINES has received grants worth $1 million from the Food and Agriculture Organization of the United Nations (FAO) to support technical cooperation projects focused on the agri-fisheries sector. In a statement, the Department of Agriculture (DA) said that the projects involve agrifood system transformation, protection for El Niño-affected […]
More than a snack, the pili nut is making its way to your face
PILI ANI, a homegrown brand that harnesses pili and elemi nut oil (both plants are under the same Canarium family) launched its latest product, the Pili Ani Cleansing Butter, on March 18 in Rockwell’s Balmori Suites. The nourishing balm is formulated with pili butter, pili oil, virgin coconut oil, and […]
Trident to be tested
1 of 6 THE MAIN Metro Manila artery that is EDSA is also known to many as “automotive row,” on account of the numerous mobility brands that have set up shop there. It’s a key battleground as much as it is a thriving marketplace. It’s thus an important message Modena […]