ECCP at Work

BSP: August rate cut ‘quite likely’

The Bangko Sentral ng Pilipinas (BSP) could possibly deliver another rate cut later this month, its top official said on Monday. The central bank has so far lowered borrowing costs by a total of 125 basis points (bps) since it began its easing cycle in August last year.

Recto says extending rice import suspension beyond October unlikely

The Philippine government is unlikely to extend the 60-day suspension of rice imports after end of October, and has no plans to raise tariffs on rice, Finance Secretary Ralph G. Recto said on Monday.

SEC drafts new rules on sustainability reporting by PH firms

The Securities and Exchange Commission (SEC) is looking at requiring publicly-listed companies with a market cap and large but non-listed firms to submit an annual sustainability report.

Inside Philippine gov't's plan to upskill workers in AI

The Philippine government is setting up an AI Academy to help workers adapt to an economy where artificial intelligence is expected to shape most jobs in the next decade.

DOTr gets biggest hike in proposed 2026 budget

The budget of the Department of Transportation (DOTr) recorded the largest percentage jump in the 2026 National Expenditure Program (NEP), Budget Secretary Amenah Pangandaman said

Foreign direct investments grew 21% in May, BSP says

Foreign direct investments (FDI) in the Philippines posted a double-digit growth in May, but mainly driven by an increase in intercompany borrowings rather than fresh equity. Data from the Bangko Sentral ng Pilipinas (BSP) showed net inflows of FDI went up by 21 percent year-on-year to $586 million.

PH poised for slower growth over next 18 months

The Philippine economy will likely grow more slowly than previously expected over the next 18 months. This, considering the marginal increase in the pace of growth during the first half of this year, as well as the potential adverse impact of US “reciprocal” tariffs.

Philippine central bank governor confident inflation will hit 2% in 2025

The Philippine central bank is confident of achieving a 2% inflation rate this year, the lower end of its 2% to 4% target range, Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. said. The annual inflation rate was 0.9% in July, the lowest rate since October 2019.

DTI imposes 200-day provisional safeguard measures on corrugating medium imports

The Department of Trade and Industry (DTI) is imposing a provisional safeguard measure of P3,438 per metric ton (MT) on imports of corrugating medium, effective for 200 days.

P10.8B wind power project on sked — BOI

The Board of Investments’ One-Stop Action Center for Strategic Investments (OSACSI) has announced that Laguna Wind Energy Corp. has successfully transported and delivered wind turbines for the P10.85-billion Kalayaan 2 Wind Power Project at Batangas Port, keeping the project on schedule.