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Yearly Archives: 2019

Bill filed to set cap on PH debt

By JAVIER J. ISMAEL July 20, 2019 A debt cap bill setting national indebtedness at an amount not more than 50 percent of the national Gross Domestic Product (GDP) has been filed at the Senate. Senate President Pro Tempore Ralph Recto, author of the bill, said the cap will not …

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Don’t forget ASF threat, govt told

By EIREENE JAIREE GOMEZ July 20, 2019 Amid the change in leadership at the Department of Agriculture (DA), the local swine industry has asked the full attention of the government on the serious threat of the African Swine Fever (ASF) which, they said, could destroy the P220-billion industry. Even with …

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Agri chief insists rice tax law needs review

By EIREENE JAIREE GOMEZ July 20, 2019 AGRICULTURE Secretary Emmanuel Piñol on Friday insisted that the Rice Tariffication Act needs to be reviewed. At the sidelines of 2018 Malinis at Masaganang Karagatan (MMK) awarding of Most Outstanding Coastal Community in Siquijor, Piñol cited initial problems deeply hurting local farmers upon …

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PSEi rises on rate cut hopes

By ANGELICA BALLESTEROS, TMT July 20, 2019 THE stock market rose further on Friday, joining a global rally, over renewed hopes of a further rate cut from the US central bank. The benchmark Philippine Stock Exchange index (PSEi) grew by 0.15 percent or 12.02 points to close at 8,270.07, while …

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‘Pag-IBIG home loan rates lowest’

By The Manila Times July 20, 2019 THE Home Development Mutual Fund (Pag-IBIG Fund) has retained the lowest-ever interest rates it has been offering under its home loan program in the last few years, it said on Friday. In a statement, Pag-IBIG said this came as its top executives reported …

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Credit rules tightened in Apr-June – bank poll

By MAYVELIN U. CARABALLO, TMT July 20, 2019 BANKS tightened credit standards on loans extended to companies and individual borrowers in the second quarter, the Bangko Sentral ng Pilipinas (BSP) has found. Results of the Second Quarter 2019 Senior Bank Loan Officers’ Survey (SLOS) indicated a net tightening of overall …

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BoP position reverts to shortfall in June

By MAYVELIN U. CARABALLO, TMT July 20, 2019 THE country’s balance of payments (BoP) position reverted to an eight-month high deficit in June, trimming the year-to-date tally. The Bangko Sentral ng Pilipinas (BSP) reported on Friday that last month’s $404-million shortfall reversed May’s $928-million surplus, but added that it was …

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Monetary policy settings appropriate, says Diokno

By MAYVELIN U. CARABALLO, TMT July 20, 2019 THE Bangko Sentral ng Pilipinas’ (BSP) monetary policy settings remain “appropriate,” based on economic developments in the last three months, Governor Benjamin Diokno said on Friday. In a message read by BSP Deputy Governor Francisco Dakila Jr. at the central bank’s 2nd …

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Ilhan Omar’s trial by political firestorm

World In just six months, Ilhan Omar has gone from freshman congresswoman to national lightning rod, not surprising for a dogged community organizer whose career has been on a rapid rise since she pulled off a historic upset in the 2016 Minnesota state election. Somali-American congresswoman has had a rapid …

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