Publicist: Shia LaBeouf treated for alcoholism

The Department of Finance wants to slash tariffs on rice imports further below 35 percent to pull down retail prices of the staple, which have been putting pressure on the country’s inflation print.

Renewable energy firm Alternergy Holdings Corp. borrowed P8 billion from two banks to finance the construction of a 112 megawatt wind power project in Rizal province.

Department of Finance Secretary Ralph Recto (link) said that he doesn’t “expect interest rates to go any higher”, and that “they will start to go down, maybe 150 bps in the next two years”.

The Bangko Sentral ng Pilipinas may cut interest rates by as much as 150 basis points in the next two years mainly due to the downtrend in inflation, according to Finance Secretary Ralph Recto.

The Philippine economy is expected to triple by 2033, putting the country in the league of China, Japan, India and South Korea, Finance Secretary Ralph Recto said.