Posted at 02/25/20 10:52 AM
The BSP could implement its second 25-basis point cut for the year "possibly in May or even earlier," Standard Chartered Asia economist Chidu Narayanan told ANC's Market Edge.
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It will be the Philippines' version of other countries' "great sale" wherein people fly in just to shop. Shopping malls across Luzon, Visayas and Mindanao will participate in the month-long retail event.
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Philippine retailers are grappling with hefty revenue losses because of the 2019 new coronavirus scare in the country.
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Philippine shares started the week on a high note, shrugging off the growth concerns that gripped most regional peers amid the coronavirus outbreak.
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Retired Philippine chief justice Lucas Bersamin was appointed to head the Government Service Insurance System (GSIS).
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Despite mounting worries on COVID-19's impact on global supply chain, the Philippine central bank stands by its original forecast, that the country's growth will only suffer a 0.3 percentage drop.
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Philippines shares fell back to the 7,200 level on a week filled with rebalancing news and lingering virus concerns.
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Before his death, SM founder Henry Sy had regular coffee dates with his lieutenants, including the would-be president of SM Supermalls, Steven Tan.
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(UPDATED) "It was a ghost town" in China malls during the first two weeks that COVID-19 was reported, said SM Supermalls President Steven Tan.
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Senate President Vicente Sotto III expects a delay in the passage of the next packages of the Duterte administration's tax reform program.
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