Alan Peter apologizes for heated exchange
MANILA, Philippines — Sen. Alan Peter Cayetano has apologized for his behavior during the Senate’s review of the New Senate Building, which was marred by a heated exchange between him and Sen. Nancy Binay.
Inflation latest news
British Chamber reiterates support on managing Philippine inflationary pressures
The British Chamber of Commerce Philippines (BCCP) supported the recent developments on the modification of nomenclature and tariff rates as mandated under the Executive Order No. 62, and welcomed the easing of inflation at 3.7% in June 2024.
Overall inflation eases to 3.7% in June, but food prices still rising fast
MANILA, Philippines — Inflation in the Philippines decelerated to 3.7% in June from 3.9% in May, according to data released Friday by the Philippine Statistics Authority.
Marcos needs to prioritize PH economy — survey
MANILA, Philippines — Most Filipinos believe that President Ferdinand Marcos Jr. should focus on the Philippine economy, with inflation as the most pressing issue, according to the latest PUBLiCUS Asia Inc. survey released on Wednesday.
Most Pinoys want inflation tackled at SONA – Pulse
MANILA, Philippines — With inflation still deemed as the most urgent national concern among Filipinos, a majority of respondents of a recent Pulse Asia survey said they want President Marcos to discuss in his upcoming State of the Nation Address how his government plans to deal with the rising cost of basic commodities.
Rate cut more likely as inflation drops
LOWER-THAN-EXPECTED June inflation has raised the likelihood of the Bangko Sentral ng Pilipinas (BSP) cutting key interest rates next month, analysts said.
The week ahead
Price pops in the fixed-income market seem to show speculators starting to place bets that June’s slowing inflation could give the BSP enough cover to pivot and begin lowering rates. Let’s take a look at what this week has in store.PH: Monday is the last day of the NexGen [XG] IPO offer period ahead of its IPO on July 16th. Premium Leisure [PLC suspended] will then delist on Tuesday after a successful tender offer and delisting petition by PLC’s parent company, Belle Corp [BEL 2.41 ?1.6%; 113% avgVol].International: Jerome Powell, the Chairman of the US Federal Reserve, will testify in front of the US Senate and Congress on Wednesday and Thursday. On Thursday, the Central Bank of Malaysia will set its interest rate, and then on Friday morning, we’ll get the US CPI data for June.MB BOTTOM-LINE: I feel drawn to paying attention to the macroeconomic side of things right now, as it feels like we’re at an inflection point between the tight monetary policy we’ve seen since the start of the inflation crisis and whatever loosening we’ll get this year and next. Whether a central bank moves to lower interest rates to prevent a recession or because their country’s economic metrics simply don’t support keeping rates at this plateau, it will be interesting to see how the differences in approach impact the results that each country will experience. Just like we saw with COVID, there are real-world consequences for the country as a whole that follow from the government’s policy decisions, and my bet is that those consequences are not going to be felt equally between the upper, middle, and lower classes within each country. Any bets on who is going to get the worst of it?
Banksy defends Glastonbury migrant boat stunt
LONDON, United Kingdom — Banksy defended on Wednesday launching an inflatable migrant boat over a crowd at the Glastonbury festival after Britain's interior minister said it was "vile and unacceptable."