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The strong economic expansion in the second quarter gives monetary authorities flexibility to keep an accommodative monetary policy stance, according to the Bangko Sentral ng Pilipinas.

The Asian Development Bank (ADB) has signed an agreement with South Korea-based Green Climate Fund (GCF) to scale up its climate finance delivery in developing member countries.

Flag carrier Philippine Airlines (PAL) is allowing passengers to use the internet for free for 30 minutes or 15 MB on its flights and to surf longer for the rest of the trip at 50 percent off, as part of improving its service.


Philequity held its investor briefing last Saturday at the Meralco Theater.

It is supposed to be good news… the economy grew by 6.5 percent, well within the government’s target range of 6.5 to 7.5 percent.

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The Bangko Sentral ng Pilipinas (BSP) is expected to turn haw-kish and deliver a rate hike in the fourth quarter amid rising inflation and the continued weakening of the peso against the dollar, ING Bank and ANZ Bank said over the weekend.

The government’s rightsizing program will be high on the priority list of reforms under the Duterte administration, but would not result in mass layoffs, said Socioeconomic Planning Secretary Ernesto Pernia.

Net profit of San Miguel Corp. unit South Luzon Tollway Corp. (SLTC) declined 19 percent to P750.61 million in the second quarter from P926.50 million a year ago due to higher cost of service.

The Philippine Retirement Authority (PRA), an attached agency of the Department of Tourism(DOT),  hopes to attract 10,000 new members this year.

The Philippine Coconut Authority (PCA) will get a P1.4-billion allocation for 2018, the same budget level this year, the bulk of which will be used on the increased planting of coconut trees nationwide.

The Insurance Commission (IC) has released new guidelines for the submission of financial reports by insurance and pre-need companies to help facilitate data gathering among industry players in compliance with International Monetary Fund (IMF) standards.

How to make sense of financial reports is the typical challenge faced by decision-makers.  While many can read financial statements, only few can correctly interpret and analyze the numbers to make the right decisions in board and management meetings.

Be a smart taxpayer. Learn the trade secrets and tax-saving strategies for business and individuals with the Center for Global Best Practices’ special seminar titled, “Optimizing Tax Savings and Deductions – The Legal Way!” on Sept. 14 at Marriott Hotel, Cebu City.

Across the Philippines and Asia’s other emerging economies, some $800 billion in investment opportunities go unfilled each year because capital markets are less reliable than issuers might like.

The Philippines may be able to tap $3.8 billion in loans from the Asian Development Bank in the next three years to help fund the priority programs of the Duterte administration, the Department of Finance (DOF) said over the weekend.


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