The Philippines’ central bank governor on Sunday said another 200 basis-point cut in its reserve requirement ratio (RRR) is “forthcoming” and signalled there will be more interest rate cuts to cushion …
This Is What Roads Around the Philippines Look Like During Quarantine
It’s been a few weeks since the government put Luzon under enhanced community quarantine due to COVID-19. And it will be a few weeks (if all goes well) until we go back to our normal lives, or at …
Philippines’ Oldest Conglomerate to Get Out of Coal by 2030
Ayala Corp., the Philippines’ oldest conglomerate, aims to fully divest from coal by 2030, a rare rebuke of the fuel in a region where its use is expected to grow.
Philippines Records 19 New Coronavirus Deaths, 200 More Cases
Health workers talk to the nurse assigned at the swab testing booth, which was set up in a hospital parking lot as the Philippines ramps up testing for coronavirus dis …
Philippines at risk of losing P228 billion in OFW remittances
The national government stands to lose $4.5 billion (roughly P228 billion) this year in remittances from about 10 million overseas Filipino workers (OFWs) due to the coronavirus pandemic. This was the …
Philippines: Further easing by the BSP is not ruled out – UOB
UOB Group’s Senior Economist Julia Goh and Economist Loke Siew Ting reviewed last week’s decision by the central bank of Philippines (BSP) to reduce the reverse repurchase rate (RRP) to 2.75%. “At its …
Philippines’ economic planning minister resigns over “differences” with cabinet
Philippine Economic Planning Secretary Ernerso Pernia said on Friday that he had resigned, citing personal reasons and “differences” with some cabinet officials. His resignation comes as the …
’90 Day Fiance’ Star Ed Talks ‘Surreal’ Shower Scene With Rose and Her Dad in the Philippines (Exclusive)
Before the 90 Days season 4 star Ed is opening up about that instantly iconic scene from a recent episode of the hit TLC series, when he bathed with both his girlfriend, Rosemarie, and her father at …
Poorer regions in the Philippines have more COVID-19 cases
In Asia, though the number of infections gradually increases, some countries have reported high death rates, including Indonesia and the Philippines. The outbreak of COVID-19 is a source concern in …
Philippines Central Bank to Help in Loans to Small Businesses
The Philippines central bank has stepped in to encourage banks to lend to small businesses reeling from the economic fallout from the coronavirus pandemic.