News

Inflation may hit 6 percent in August, analysts say

ABS-CBN News
Posted at Aug 31 10:44 AM

Bangko Sentral ng Pilipinas Governor Nestor Espenilla told ANC on Aug. 24 that inflation would likely peak in August or September and it was his "expectation" that it would not reach 6 percent. Read more »

Meet First Gen's visionary boss Francis Giles Puno

Jan Yumul, ABS-CBN News
Updated as of Aug 31 01:36 AM

Puno, who heads the country's largest clean energy firm said, a leader should always think ahead. Read more »

Another Mindanao martial law extension needed to address terror groups: expert

ABS-CBN News
Updated as of Aug 30 08:19 PM

Extending martial law in Mindanao anew will help address the threat of terrorism in the southern Philippines, an expert said Thursday. Read more »

National ID system to help reduce 'unbanked' Filipinos

ABS-CBN News
Posted at Aug 30 06:22 PM

MANILA – The National ID system will help more Filipinos become financially stable by improving access to credit, an information solutions firm said Thursday.  Read more »

Industry group pushes for business aviation in Philippines

ABS-CBN News
Posted at Aug 30 04:40 PM

Business aviation can help spur economic activity, especially in remote areas that are not served by commercial carriers, according to an industry group. Read more »

Dissecting Data: Inflation at record level

ABS-CBN News
Updated as of Aug 30 04:48 PM

Official inflation data for August will be released on Sept. 5. Consumer prices rose 5.7 percent in July. Read more »

Federal gov't needs P240B more annually to operate: Pernia

ABS-CBN News
Posted at Aug 30 04:14 PM

The additional expenditures could push the budget deficit as a ratio of the gross domestic product to 7.1 to 7.2 percent from the current 3 percent, Pernia said, citing finance department data. Read more »

BSP poised for fourth rate hike this year: Fitch Solutions

ABS-CBN News
Updated as of Aug 30 04:14 PM

A further 50-basis point hike will bring the overnight borrowing rate to 4.5 percent and will match a 50-basis point increase last Aug. 9. Read more »

Should companies, schools allow cross-dressing?

Trishia Billones, ABS-CBN News
Updated as of Aug 30 11:48 AM

Company policy against cross-dressing is not necessarily a form of discrimination, Senator Joel Villanueva explained Thursday amid accusations that he is delaying the passage of a bill that would protect members of the LGBT community from discrimination. Read more »

Cash back app bets on tech-savvy Philippines

ABS-CBN News
Updated as of Aug 30 11:18 AM

Shopback allows users to get money back from purchases made through the platform and use them even in other merchants like convenience stores. Read more »

Blockchain seen making inroads in energy sector

ABS-CBN News
Posted at Aug 29 10:53 PM

An advocate of blockchain says the technology can be used to decentralize the energy market and make it more transparent.    Read more »

Diokno proposes 'transition period' for cash-based budget

ABS-CBN News
Posted at Aug 29 09:57 AM

Diokno said the settlement period may be extended to 6 months from 3 months, in effect giving government agencies 18 months to spend and account for projects. Read more »

Inflation that aids economic growth not a concern: budget chief

ABS-CBN News
Updated as of Aug 29 09:51 AM

Inflation will return to 'normal levels,' within the government's 2 to 4 percent target by 2019 after it peaks by the third quarter this year. Read more »

Villar urges DTI, Duterte to impose price ceiling on rice

ABS-CBN News
Posted at Aug 29 09:27 AM

The Department of Trade and Industry should recommend to President Rodrigo Duterte the imposition of a ceiling on the price of rice, Sen. Cynthia Villar said Wednesday. Read more »

Imee Marcos, Pia Cayetano, Cynthia Villar are Nacionalista's 2019 senatorial bets

ABS-CBN News
Posted at Aug 29 09:24 AM

The Nacionalista Party will be fielding Imee Marcos, Pia Cayetano and Cynthia Villar in the senatorial race next year. Read more »

China's Xi may announce 'more funding' for Philippines, Diokno says

ABS-CBN News
Posted at Aug 29 09:00 AM

Beijing earlier committed $9 billion in state funding for Manila. The first tranche includes 2 bridges in the capital that will both be completed by 2020. Read more »

Business group calls for dual airport strategy in PH

ABS-CBN News
Posted at Aug 28 09:00 PM

A business group is calling for a dual airport strategy to ease air traffic in the Philippine capital. Read more »

Rice 'trading center' in south to curb smuggling, Piñol says

ABS-CBN News
Updated as of Aug 28 12:12 PM

Rice prices in the Zamboanga, Basilan, Sulu and Tawi-Tawi or Zambasulta area shot up as the government cracked down on smugglers, who have long supplied the region with the grain, he said. Read more »

'Galunggongs don't have nationality': Agriculture chief defends fish imports

ABS-CBN News
Posted at Aug 28 10:32 AM

In 2017 alone, the country imported 130,000 metric tons of fish and "nobody complained." Piñol told ANC's Headstart. This year, another 3 billion fingerlings will be bought from Indonesia, he said. Read more »

Supreme Court faces credibility issue with De Castro appointment: NUPL

ABS-CBN News
Posted at Aug 27 05:20 PM

The Supreme Court carries with it questions on its credibility after Teresita Leonardo-De Castro was appointed the chief justice, the chairman of the National Union of People's Lawyers said Monday. Read more »