Ian Nicolas Cigaral
Ian Nicolas Cigaral
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Calamity declarations seen to tame inflation fanned by 'Ompong'
by Ian Nicolas Cigaral - September 21, 2018 - 4:38pm
Declaring a state of calamity in areas slammed by Typhoon Ompong will help manage inflation expectations, Philippine socioeconomic planners said Friday, amid concerns that damage caused by the monster storm to agriculture...
Poe remains in the lead in women-dominated 2019 senatorial poll — Pulse Asia
by Ian Nicolas Cigaral - September 21, 2018 - 12:10pm
Sen. Grace Poe remains in the lead in a women-dominated opinion poll for the upcoming senatorial race in May next year.
S&P: 'Policy shifts' after 2019 polls may affect Philippine infra development
by Ian Nicolas Cigaral - September 20, 2018 - 5:45pm
Policy actions influenced by elections and political shifts can create “greater uncertainties” for infrastructure projects in Southeast Asia, according to S&P Global Ratings, which also expects the region’s...
Philippines plans to tap World Bank loan to assist recovery from ‘Ompong’
by Ian Nicolas Cigaral - September 18, 2018 - 5:42pm
The Philippine government is looking into tapping a $500-million credit line from the World Bank to fund recovery and reconstruction efforts after typhoon Ompong (international name: Mangkhut) lashed northern Luzon...
‘Ompong’ to push inflation higher in September — ING Bank
by Ian Nicolas Cigaral - September 18, 2018 - 4:53pm
Philippine inflation, which is now higher than most emerging economies in Asia, could jump higher in September after typhoon Ompong flattened vast swathes of farmland over the weekend.
BSP still expects inflation to peak in Q3 despite ‘Ompong’ onslaught
by Ian Nicolas Cigaral - September 18, 2018 - 4:22pm
The Bangko Sentral ng Pilipinas on Tuesday said it continues to expect inflation to peak in the third quarter of the year and gradually ease from there, despite the damage caused by typhoon Ompong and expected...
NAIA 'super consortium' gains the upper hand in airport upgrade battle
by Ian Nicolas Cigaral - September 13, 2018 - 3:45pm
The team of seven conglomerates that recently submitted a proposal to upgrade, operate and maintain the aging Ninoy Aquino International Airport for 15 years confirmed Thursday it has been granted the much sought-after...
Philippines could be future 'outperforming' economy — think tank
by Ian Nicolas Cigaral - September 13, 2018 - 1:16pm
The Philippines is the “only non-outperforming economy” in the region, McKinsey Global Institute said in its latest report, which noted that the country has the potential to stand out should it maintain...
Inflation not seen to be a big problem for most of emerging Asia, except the Philippines
by Ian Nicolas Cigaral - September 13, 2018 - 12:47pm
Spiraling inflation is unlikely to become a big headache for most of the region’s central banks—except in the Philippines, where policymakers continue to wrestle with rising commodity prices that have...
‘Consolidation’ of Duterte’s power seen after 2019 polls, but not without drawbacks
by Ian Nicolas Cigaral - September 11, 2018 - 3:33pm
The upcoming May 2019 mid-term elections in the Philippines could see the Senate fill up with allies of President Rodrigo Duterte, a Fitch Group unit said, although such an outcome could pose downside risks to the...
Philippine trade gap widens in July amid lackluster export growth
by Ian Nicolas Cigaral - September 11, 2018 - 11:49am
The Philippines’ trade deficit swelled in July, the government’s statistics agency reported Tuesday, after exports barely grew during the month while imports continued its accelerated growth pace.
Manny Villar's fortune triples, climbs to 2nd spot in Forbes' rich list
by Ian Nicolas Cigaral - September 6, 2018 - 2:15pm
Real estate tycoon Manuel Villar is now the Philippines' second richest man after his wealth tripled over the past year, according to Forbes magazine’s 2018 ranking of the country’s 50 wealthiest people,...
HSBC: Rate hikes alone won't fully address inflation
by Ian Nicolas Cigaral - September 6, 2018 - 2:15pm
Monetary policy tightening alone is not enough to temper runaway inflation in the Philippines, British banking giant HSBC said in a report published Thursday, a day after the release of higher-than-expected...
Filipinos tighten belts as inflation jumps to new 9-year high in August
by Ian Nicolas Cigaral - September 5, 2018 - 10:54am
Consumers already bearing the brunt of rising commodity prices continue to feel the sting of inflation, which hit its highest level in nearly a decade in August and may prompt the central bank to hike policy...
Malaysia’s Anwar cautions Philippines on ‘dubious’ infra loan deals
by Ian Nicolas Cigaral - September 4, 2018 - 6:47pm
Malaysian opposition icon Anwar Ibrahim warned the Philippines against entering into questionable loan deals with other countries, more than a week after Malaysia canceled multibillion-dollar China-financed...
Malaysia’s Anwar tells Duterte to ‘ensure vibrant democracy’ amid arrest order vs Trillanes
by Ian Nicolas Cigaral - September 4, 2018 - 4:41pm
At a press conference on the sidelines of a business conference in Manila, Malaysian opposition icon Anwar Ibrahim highlighted the importance of due process, the rule of law and human rights when asked about his...
Philippines, Indonesia tie for 2nd place in ASEAN factory growth rankings
by Ian Nicolas Cigaral - September 4, 2018 - 12:54pm
The Philippines' manufacturing activity registered a “quicker” pace of growth in August, sharing the second place with Indonesia while factory growth in Southeast Asia regained some momentum in the middle...
NEDA proposes phased, 15-year federalism shift
by Ian Nicolas Cigaral - August 31, 2018 - 12:09pm
The country’s socioeconomic planners have proposed a phased shift to a federal form of government that will span 15 years to avoid disruptions to the economy’s growth momentum.
Gatchalian wants DOE to cancel order to sell cheaper, dirtier fuel
by Ian Nicolas Cigaral - August 30, 2018 - 6:21pm
Sen. Sherwin Gatchalian on Thursday called on the Department of Energy to scrap its order allowing the sale of cheaper but dirtier fuel to bring down pump prices and tame inflation.
Debt repayment costs now higher due to rising interest rates, weak peso — report
by Ian Nicolas Cigaral - August 30, 2018 - 1:34pm
Costlier debt servicing due to rising interest rates and exchange rate volatility is the biggest concern faced by the economy, and financial authorities are now planning to introduce “interventions” to...
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