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Philippine finance secretary does not expect rate hike as inflation easing

MANILA :Philippine Finance Secretary Ralph Recto said on Thursday he does not expect interest rates to rise as inflation is easing, adding that rates could go down in the second half of the year. "I don't expect a future rate hike because inflation is going down ... I think our policy rates today are high eno
Ralph Recto Bangko Sentral Philippine Finance Secretary Ralph Recto

No way but up; Traviz milestone | Al S. Mendoza

WILL vehicle sales hit the half-a-million mark this year? If you ask Rommel Gutierrez, the answer is a resounding yes. “It’s possible,” said Gutierrez, citing 2023 figures that breached the 420,000 threshold in volume sales. Gutierrez, the lawyer president of the Chamber of Automotive Manufacturers of the Philippines Inc. (Campi),…
City Of Taguig Tetsuya Fujita Elvin Luciano Yvonne Lingchangco Mixie Flavier Rommel Gutierrez

BSP: Only a 'sustained' dip in prices justifies an easing

THE Bangko Sentral ng Pilipinas (BSP) remains hawkish despite commodity prices slowing to 2.8 percent, the slowest in 39 months or four years. Based on the Philippine Statistics Authority (PSA), inflation slowed to a rate that is the slowest since October 2020 when inflation averaged 2.3 percent. This is within…
San Carlos Negros Occidental Michaell Ricafort Arseniom Balisacan Diwa Guinigundo Bangko Sentral

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Philippines as a global tax leader | Joel L. Tan-Torres

Part 10 The Philippines should not be left behind in the realm of international tax developments and tax administration innovations. In the process, the BIR can enhance its efforts to generate higher and more efficient tax collections. This will also improve the BIR’s standing and recognition in the global tax…
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