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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.’