Tag: bworldonline
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Striving for change and efficiency in the police
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PNP Chief shares his vision for a revitalized police force Solving crimes and building peace and trust within communities is what the police force is here for. “To protect and serve” is the most distinguished tagline of the police force worldwide, encapsulating their commitment in shaping modern societies the way…
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PHL jobless rate hits 4-month high
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THE PHILIPPINE jobless rate climbed to a four-month high in May while the quality of jobs improved to its best level since 2005, the Philippine Statistics Authority (PSA) reported on Monday.
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Delayed easing to dampen growth — BSP chief
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THE BANGKO SENTRAL ng Pilipinas (BSP) said that it should not “wait too long” to begin policy easing as this would dampen economic growth, its top official said.
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PHL told to boost manufacturing jobs to achieve high-income growth
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ECONOMISTS flagged the declining employment share of the Philippine manufacturing sector, which they said is key to achieving a high-income status and meeting other development goals including bringing down poverty incidence to single digits at a faster rate.
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Government considering Samurai, dollar bonds this year
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THE GOVERNMENT is looking to issue Japanese yen-denominated and US dollar-denominated bonds within the year, the Finance chief said. “I expect both the dollar and possibly Samurai bonds this year. Both are being considered,” Finance Secretary Ralph G. Recto told reporters on the sidelines of the Economic Journalists Association of…
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BSP still hints at rate cut in August
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A POSSIBLE BREACH in the inflation target this month will not derail the Bangko Sentral ng Pilipinas’ (BSP) planned rate cut by August, its top official said.
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Dollar reserves slip to $104.7 billion in June
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THE PHILIPPINES’ gross international reserves (GIR) dipped by 0.3% month on month in June, which the Bangko Sentral ng Pilipinas (BSP) governor partly attributed to its intervention in the foreign exchange market amid the peso’s continued depreciation against the US dollar. Preliminary data from the BSP showed gross dollar reserves…
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PHL can’t handle ‘fast’ transition to renewable energy — Balisacan
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THE PHILIPPINE ECONOMY cannot handle a “fast” transition to a dominantly renewable energy (RE) mix, according to the National Economic and Development Authority (NEDA).
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GOCC subsidies up 32% in May
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SUBSIDIES PROVIDED to government-owned and -controlled corporations (GOCCs) jumped by 32% year on year in May, the Bureau of the Treasury (BTr) said. Data from the BTr showed that budgetary support to GOCCs rose to P9.74 billion in May from P7.38 billion in the same month last year. Month on…
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SSI Group, Inc. to hold virtual annual meeting of stockholders on July 30
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