Business

BSP keeps policy rates steady, cuts 2019 inflation forecast

By Joann Villanueva/PNA MANILA -- Expectations of more moderate inflation, as well as firm domestic growth, caused the Bangko Sentral ng Pilipinas' (BSP) policy-making Monetary Board (MB) to keep key rates steady Thursday. Thus,...

6.4% GDP growth in 2019 still possible

By Joann Villanueva/PNA MANILA -- A 6 percent level growth can still be achieved by the Philippine economy this year despite the anticipated impact of the budget impasse in Congress, an official of...

Gov’t to save P4.2-B on Kaliwa Dam project due to China ODA

By Joann Villanueva/PNA MANILA -- The Philippine government will save as much as PHP4.2 billion in the construction of Kaliwa Dam with the help of an official development assistance (ODA) loan from China...

Traders blamed for high sugar prices

By Lilybeth Ison/PNA MANILA -- It is the middlemen, traders and repackers who are jacking up the retail prices of sugar. This was the outcry of farmers and producers as they face the proposed...

PAL postpones New Delhi flights

By Ma. Cristina Arayata/PNA MANILA -- Flag carrier Philippine Airlines (PAL) has announced the postponement of its New Delhi route until further notice. PAL is supposed to re-launch the New Delhi route this summer. However,...

TDF rates mixed this week

By Joann Villanueva/PNA MANILA -- The rates of Bangko Sentral ng Pilipinas' (BSP) term facilities registered mix results Wednesday ahead of the Monetary Board's (MB) much anticipated rate-setting meeting on Thursday. The average accepted...
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