Economic Provisions of 1987 Philippine Constitution Need Change
By Lilybeth G. Ison House Speaker Feliciano Belmonte Jr. said on Tuesday the Philippine mining industry can grow much further, and contribute more to government revenues, rural development, and economic growth if amendments will be made in the economic provisions of the decades-old 1987 Constitution. “Today, the constitutionality of the Mining Act of 1995 is [...]
Sustainable development of the Philippines mineral resources
By Lilybeth G. Ison Speaker Feliciano Belmonte Jr. on Tuesday stressed the need of a long-term plan for the sustainable development of the country’s mineral resources. “What we face today is global and unabated environmental degradation. What we need today is a new paradigm shift — adopting a new way of thinking that is in [...]
Interest rates on term RRPs, RPs, and special deposit accounts (SDAs)
At its meeting today, the Monetary Board decided to reduce the BSP’s key policy interest rates by 25 basis points to 4.25 percent for the overnight borrowing or reverse repurchase (RRP) facility and 6.25 percent for the overnight lending or repurchase (RP) facility, effective immediately. The interest rates on term RRPs, RPs, and special deposit [...]
Bangko Sentral ng Pilipinas Borrowing Rate
At its meeting today, the Monetary Board decided to reduce the BSP’s key policy interest rates by 25 basis points to 4.0 percent for the overnight borrowing or reverse repurchase (RRP) facility and 6.0 percent for the overnight lending or repurchase (RP) facility, effective immediately. The interest rates on term RRPs, RPs, and special deposit [...]
Bangko Sentral Keeps Key Policy Rate at 4 Percent
At its meeting today, the Monetary Board decided to keep the BSP’s key policy rates at 4 percent for the overnight borrowing or reverse repurchase (RRP) facility and 6 percent for the overnight lending or repurchase (RP) facility. The interest rates on term RRPs, RPs, and special deposit accounts (SDAs) were also maintained accordingly. The [...]
Philippine Peso Stays Strong in Currency Market
Local stock prices remained generally up Tuesday amid the continued uncertainties in the global economy and anticipation on the results of the upcoming European leaders’ summit. The composite index bucked trends overseas as it rose by 26.64 points, or 0.52 percent, to 5,193.84 points from the previous day’s 5,167.2 points. The broader all shares index [...]
Improving women’s access to jobs and economic opportunity
The World Bank said on Thursday improving women’s access to jobs and economic opportunity could significantly boost workers’ productivity in the Philippines and the rest of East Asia and the Pacific Region by as much as 18 percent. In a report titled, “Toward Gender Equality in East Asia and the Pacific,” the WB says that [...]
Philippine International Tourism Fair (PITF) 2010
Cebu’s tourism industry leaders are optimistic their sector will continue to grow this year, believing the world economy is on a clear path to recovery. Robert Lim Joseph, chairman emeritus of the National Association of Independent Travel Agencies-Philippines Inc. (Naitas), said he is confident the group can gather at least 100 foreign buyers and 120 [...]
Climate change and economic challenges
Almost 200 individuals representing different sectors on Wednesday gathered at the People’s Village in Tiendesitas Pasig to kick off a year-long 2012 campaign to help local communities gain resiliency against climate change and economic challenges. Organizers said the “Run for Your Life!” Campaign aims to trigger community action towards installing harmonized ecological and economic (“Eco-Eco”) [...]
Tarlac and Henan, China Sisterhood Agreement
The provincial government of Tarlac and the province of Henan in China have recently signed a sisterhood agreement aimed at strengthening the two province’s exchanges and cooperation in the fields of economy, trade and science and technology. Governor Victor Yap, in his remarks, said that Tarlac is honored to host the Chinese delegation to formalize [...]