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President Ferdinand Marcos Jr. vowed on Thursday, February 8, 2024, to pursue the upskilling and re-skilling initiatives of the country’s workforce amid the new and emerging demands of the labor market.
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
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),…
THE Asian Development Bank (ADB) pledged to back Finance Secretary Ralph Recto's central strategy for enhanced tax collection, focusing on leveraging digital technologies to achieve more efficient and proactive tax administration.
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…