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MANILA, Philippines — Lipstick lovers like me have a lot to be happy about in 2024. With so many local beauty product launches and global brands coming into the market, we’re definitely given a lot of choices! They offer different formulations with all kinds of benefits and a wide range of shades to suit every customer’s preferences.
MANILA, Philippines — When the Toyota Corolla Altis first launched in the Philippines, the motoring scene was abuzz, dubbing the compact sedan as a “sneak peek into the future.”
The Monetary Board of the Bangko Sentral ng Pilipinas (BSP) [link] decided to cut interest rates by 25 basis points to 6.25% (from 6.50%). This is the first rate cut since 2020, and the first time the interest rate has changed in any way (up or down) since October of last year. The BSP’s statement on the cut said that its inflation outlook is “supported by well-anchored inflation expectations over the policy horizon”, and that the “balance of risks to the inflation outlook continues to lean toward the downside for 2024 and 2025.” The downside risk to inflation (that inflation will be lower than projected) is “linked mainly to lower import tariffs on rice”. The BSP concluded as follows: “With inflation on a target-consistent path, the current macroeconomic outlook supports a calibrated shift to a less restrictive monetary policy stance. Nonetheless, monetary authorities remain mindful of lingering upside risks to prices.”
MANILA, Philippines — The benefit of Executive Order No. 62 on lowering tariff on imported rice can only be felt in October as the retail price of local rice remains cheaper compared to those of imported grains more than a month after the EO took effect on July 7, Agriculture Secretary Francisco Tiu Laurel said yesterday.
The price of Ripple (XRP) has fallen by 1.5% today, dropping to $0.5672 as the wider crypto market loses by 4% in the past 24 hours.
MANILA, Philippines — A full day's schedule of presentations and meetings can be tiring, and one just wants to have a filling lunch or cap the day with a delicious and satisfying meal.
HONG KONG, China — Asian markets mostly mirrored positive strides on Wall Street in early trade Thursday, as easing US consumer inflation buoyed hopes that a big interest rate cut was around the corner and economic growth in Japan outpaced expectations.
Patrick Frater Asia Bureau Chief Even after a slow-down, the premium video-on-demand (VOD) market in Southeast Asia saw revenues grow by 11% in the first half of this year. And paid SVOD take-up grew by a million subscribers to reach 49 million, according to a new report. The quarterly report published by digiatal measurement platform AMPD and its parent company Media Partners Asia covers Indonesia, Thailand, Malaysia, Philippines and Singapore. APMD measures more than 230 billion minutes in viewership over the first half of 2024, up 4% year on year, driven particularly by growth in the Philippines and Indonesia. Premium video revenues, including subscription fees and advertising sales, grew 11% to $895 million. Indonesia continues to retain the leading position in terms of revenues.