ECCP at Work

Marcos calls special session to fast-track social, reform bills

President Ferdinand R. Marcos, Jr. called Congress to a special session starting June 17 to fast-track pending social protection and reform measures, citing urgent needs from a recent Mindanao earthquake and energy challenges.

PH economy seen to grow by 3% this year

The deceleration of the Philippine economy is expected to persist until the end of the Marcos administration, with economists at De La Salle University (DLSU) lowering their growth forecast for the year to 3.08 percent.

Remittance growth hits slowest pace in 4 years

Data from the Bangko Sentral ng Pilipinas (BSP) showed cash remittances coursed through banks grew by two percent to $2.72 billion in April from $2.66 billion in the same month last year.

BSP likely to stick to small rate hikes as inflation pressures begin to ease

The Bangko Sentral ng Pilipinas (BSP) will likely take a hawkish but measured stance at this week’s policy meeting as the slower-than-expected May inflation print lowered the odds of an outsized hike, Nomura Global Markets Research said.

Treasury revives CMBs to manage liquidity needs

The Bureau of the Treasury’s (BTr) decision to revive cash management bills (CMBs) for the first time since the pandemic reflects efforts to manage short-term liquidity needs amid elevated interest rates, analysts said.

DOE sees fuel price rollback from US-Iran peace deal

Data released by the DOE on Monday showed that for this week, diesel prices are set to decline between PHP3.71 per liter to PHP5.71 per liter and kerosene, between PHP0.50 per liter to PHP2.50 per liter; while gasoline prices are seen to either be slashed off PHP0.32 per liter or hiked by as much as PHP1.68 per liter. 

PHL outsourcing industry ranked 5th in Ataraxis AI readiness index

The Philippine outsourcing industry was ranked fifth in artificial intelligence (AI) readiness among all global outsourcing hubs, according to Ataraxis.

CAAP in deals for development of sustainable jet fuel

The Civil Aviation Authority of the Philippines (Caap) has signed separate agreements with the Island Skies Alliance (ISA) and the Global Green Growth Institute (GGGI) to accelerate the development of “sustainable aviation fuel” (SAF) in the country, as global production of the cleaner jet fuel remains a fraction of what the aviation industry needs.

DA seeks higher corn import quota to ease domestic livestock, poultry feed costs

The Department of Agriculture is seeking to more than double the country’s minimum access volume for corn to 500,000 metric tons to help livestock and poultry producers cope with rising feed costs and guard against supply disruptions.

BSP rate hike imminent, but analysts split on size

Economists are unanimous that the Bangko Sentral ng Pilipinas (BSP) will raise interest rates anew at its policy meeting on June 18, but opinions are divided on the size of the increase as inflation continues to run well above target despite easing slightly in May.

BSP to widen access to CRIMS credit registry

The Bangko Sentral ng Pilipinas (BSP) is moving to widen access to its credit registry, a step seen to improve lenders’ credit risk assessment, strengthen financial stability and help more borrowers enter the formal credit system.

PSE first signatory bourse in CDP

As a signatory, PSE is now one of over 540 global financial institutions representing more than $110 trillion in assets, collectively requesting that companies worldwide disclose their environmental impacts through CDP.

Manufacturers hold back as supply risks mount–FPI

Philippine manufacturers are shifting to a more defensive stance as rising geopolitical tensions and supply chain uncertainties continue to cloud the business outlook, according to the Federation of Philippine Industries (FPI)

German president Steinmeier on PH state visit

President Marcos will welcome German Federal President Frank-Walter Steinmeier, who is scheduled to arrive on Monday for a state visit.