President Ferdinand Marcos Jr. has lauded the recent “A-” investment grade rating from Japan’s Rating and Investment Information Inc. (R&I) as a catalyst for bolstering the nation’s economic prospects. The upgraded rating not only signifies enhanced investor trust in the country’s economic stability but is poised to have a significant impact on driving economic growth...
Consumers are bracing for notable price hikes at gas stations in the coming week, with oil prices expected to surge by over P1.00 per liter across all fuel types. Projections indicate increases ranging from P1.10 to P1.50 per liter for gasoline, P1.00 to P1.40 per liter for diesel, and P1.05 to P1.45 per liter for...
The Bangko Sentral ng Pilipinas (BSP) announced on Thursday a reduction of its policy rate by 25 basis points (bps), marking the beginning of an easing cycle in response to anticipated softer inflation. Bps is a unit of measure commonly used to describe changes in interest rates, bond yields, and other financial instruments. One basis...
The Department of Energy (DOE) has revealed a potential significant rollback in fuel prices expected to take effect next week. This anticipated adjustment comes as a result of noticeable decreases in global fuel prices, with gasoline prices dropping by P2.72 per liter, diesel by P2.02 per liter, and kerosene by P2.31 per liter. Amidst these...
The Bureau of Customs (BOC) recently engaged in the Philippine-British Meat Trade Briefing and Reception organized by the British Chamber of Commerce Philippines, highlighting efforts to enhance trade facilitation between the two nations. Acting Deputy Commissioner Michael Fermin shared BOC’s progress under the 5-Point Priority Program, emphasizing initiatives to simplify cross-border trade procedures and promote...
International Management Group (IMG) recently presented their strategic initiatives to the Department of Tourism (DOT) to capitalize on the fast-rising golf tourism industry in the country. In a meeting at the DOT Central Office in Makati City with DOT Secretary Christina Garcia Frasco, delegates from IMG outlined their plans to enhance the country’s standing in...
The Bangko Sentral ng Pilipinas (BSP) is aiming to revolutionize the Philippine payment landscape by exploring a policy that would make QR code payments free for everyone, potentially leading to wider adoption and greater financial inclusion. A draft circular that is currently under review suggests that payment service providers (PSPs) should offer services like the...
Megaworld Corporation, under the stewardship of entrepreneurial tycoon Andrew Tan, has surged ahead with an impressive financial showcase in the first half of 2024. This flourishing success is buoyed by substantial advancements in both its residential and hotel enterprises, propelling the renowned real estate giant to new heights. During the initial six months of 2024,...
AirAsia and Travelonline Team Up to Enhance Your Boracay Experience! Great news for travelers heading to Boracay! AirAsia, in partnership with TravelOnline, has opened a new AirAsia Travel & Service Center conveniently located on the beachfront of the famed Boracay White Beach. This new center goes beyond just ticketing. Here’s what you can expect: ...