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Gov't vows fiscal prudence to revive ailing economy

Gov't vows fiscal prudence to revive ailing economy
bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.

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Yields on term deposits climb on concerns over US inflation

BusinessWorld
June 10, 2021 | 12:02 am
REUTERS
YIELDS ON THE central bank’s term deposits increased on Wednesday due to concerns over US inflation, which could affect the US central bank’s future policy path, and as the market priced in a possible easing in restriction measures due to the decline in the daily tally of local coronavirus cases.
Demand for the term deposit facility (TDF) of the Bangko Sentral ng Pilipinas (BSP) amounted to P599.126 billion on Wednesday, going beyond the P520 billion on the auction block and the P572.605 billion in bids logged last week.
Broken down, tenders for the seven-day term deposits amounted to P140.165 billion, lower than the P150-billion offer as well as the P158.544 billion in bids seen during the previous auction. ....

San Carlos , Negros Occidental , Karl Kendrickt Chua , Michaell Ricafort , Bangko Sentral , Us Labor Department , Department Of Health , Federal Reserve , Rizal Commercial Banking Corp , Rizal Commercial Banking , Chief Economist Michael , Planning Secretary Karl Kendrick , சான் கார்லோஸ் , நீக்ரோஸ் தற்செயலானது , எங்களுக்கு தொழிலாளர் துறை , துறை ஆஃப் ஆரோக்கியம் , கூட்டாட்சியின் இருப்பு , ரிஜால் வணிகரீதியானது வங்கி கார்ப் , ரிஜால் வணிகரீதியானது வங்கி , தலைமை பொருளாதார நிபுணர் மைக்கேல் , திட்டமிடல் செயலாளர் கார்ல் கெஂட்‌ரிக் ,

May inflation steadies at 4.5% - BusinessWorld

May inflation steadies at 4.5% - BusinessWorld
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More imported pork 'urgently needed'—NEDA – Manila Bulletin

Published May 6, 2021, 10:58 AM
The National Economic and Development Authority (NEDA) raised the need to urgently augment the local pork supply through importation, noting that the meat remained as the top contributor to inflation last month.
Socioeconomic Planning Secretary Karl Kendrick T. Chua said the temporary reduction of pork tariffs and the increase of its minimum access volume (MAV) will immediately curb the rising pork inflation for the benefit of some 100 million Filipinos.
Socio Economic Planning Secretary Karl Kendrick Chua (FACEBOOK/ MANILA BULLETIN FILE PHOTO)
“Meat has been persistently the top contributor to inflation this year, hence we urgently need to temporarily augment our pork supply through importation. Retaining the status quo will cause 100 million Filipinos to suffer longer from high food prices,” Chua said in a statement. ....

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Farmers declare 'moral victory' after revisions to pork import EO

BusinessWorld
May 6, 2021 | 8:01 pm
REUTERS
THE agriculture industry said the governmentâs decision to moderate drastic tariff reductions represents a âmoral victoryâ for hog raisers, who will need to compete with the increased volume of imports.
The Samahang Industriya ng Agrikultura (SINAG) said in a statement on Thursday that the Department of Agriculture (DA) also needs to revoke all sanitary and phytosanitary import clearances that had been issued under the original terms of Executive Order (EO) 128.
âThis is a moral victory for the local hog industry and a slap in the face of the pro-importation and anti-local hog raiser Secretary of Agriculture,â SINAG said. ....

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