Dan Roces News Today

A SCANDAL involving ghost employees at the Philippine central bank threatens to shake up the monetary authority at a time when policy decisions are crucial amid elevated inflation and a weak currency.

Faced with allegations of payroll discrepancies, BSP authorities launched an investigation

Lawmakers are debating the removal of a 40 per cent restriction on foreign ownership of public utilities, educational institutions and the advertising industry.

The Marcos administration missed its growth objective of 6 to 7 percent last year as increased interest rates brought about by the high level of inflation reduc

‘The decent economic growth forecast was attributed to strong household consumption backed by a bigger labor force, despite high interest and inflation rates.’

KEY interest rates will likely be kept unchanged this Thursday, analysts said, following markedly slower inflation and economic growth still falling below target.

Rate hikes make credit more expensive with the goal of controlling inflation, but this also means people and businesses have less money to spend, potentially slowing down the economy

KEY interest rates will likely be increased by 25 basis points (bps) should monetary authorities push through with an off-cycle rate hike, analysts said on Wednesday.

The president of the Development Bank of the Philippines tells Rappler that the bank will ‘breach’ its capital requirements after pouring billions into the Maharlika fund. Here’s why that matters.

The BSP is expected to again keep its key policy rate unchanged at 6.25% amid expectations of continually easing inflation.