Tag: bworldonline
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Luzon dams still recovering despite rains
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The island of Luzon has been affected by local thunderstorms, easterlies, and the southwest monsoon since May, but the dams are still recovering according to the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA). “Hindi sapat yung thunderstorm o yung ulan. So minsan may time na bumababa pa rin siya,…
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Rate cut probably after Fed — Recto
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THE BANGKO SENTRAL ng Pilipinas (BSP) will probably cut its policy rate after the US Federal Reserve, which has signaled it may start easing as late as December.
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June Meralco rates jump amid higher generation charge
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TYPICAL HOUSEHOLDS in areas served by Manila Electric Co. (Meralco) will have to pay higher electricity bills this month, even as the utility deferred the collection of a portion of generation costs. Meralco in a statement on Thursday said the overall rate will increase by P0.6436 per kilowatt-hour (kWh) to…
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World Bank to support more agriculture projects in PHL
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THE WORLD BANK is seeking to fund more Philippine projects that seek to bolster productivity in the agriculture sector amid rising prices of food. “The World Bank is very supportive of agriculture and agricultural productivity in the Philippines,” Ndiamé Diop, World Bank Country Director for Brunei, Malaysia, Philippines and Thailand,…
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PHL banks fall short of lending quota for small, medium businesses
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PHILIPPINE BANKS failed to meet the mandated quota for small business loans in the first quarter, data from the Bangko Sentral ng Pilipinas (BSP) showed. Loans extended by the banking industry to micro-, small-, and medium-sized enterprises (MSMEs) amounted to P474.922 billion as of end-March. This made up only 4.41%…
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There is more to Korea than Seoul and Busan
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The varied pleasures of Daejeon and Sejong By Chelsea Visto THE CHANCE to embrace the simple charm of a quiet city attracts travelers as much as the opportunity to be immersed in the complex and often chaotic life of a busy center. It is the same for most destinations —…
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Striking the balance between familial and career responsibilities in the modern age
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For much of the 20th century, the nuclear family archetype included a working father and a stay-at-home mother. This division of labor was largely influenced by cultural norms and economic necessities. This model was reinforced by post-World War II economic prosperity in Western countries, which enabled single-income households to thrive.…
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Peso slump could derail rate cuts
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THE PESO WEAKNESS could impact the Bangko Sentral ng Pilipinas’ (BSP) policy easing cycle even after inflation has settled within target for a sixth straight month in May, analysts said.
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Marcos says inflation is still Philippines’ ‘greatest problem’
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PHILIPPINE PRESIDENT Ferdinand R. Marcos, Jr. on Wednesday said inflation remains a major concern for his government. “It remains unfortunately our greatest problem that is brought by forces that we cannot control,” Mr. Marcos said at an annual Independence Day reception for diplomats at the Presidential Palace. Headline inflation hit…