Inflation slowed in July

View in browser   |   Shop Inquirer August 1, 2023 Inflation slowed further in July, says BSP  Overall inflation in the Philippines may have eased for the sixth month in a row and settled within the range of 4.1 percent to 4.9 percent, according to the Bangko Sentral ng Pilipinas. By Ronnel W. Domingo Maharlika sovereign fund not a cure-all to funding woes, says Pantheon The Maharlika Investment Fund (MIF)  might become a reason for the flow of investments into infrastructure to slow into a trickle instead of build up to a surge, contrary to what the Marcos administration expects. According to the United Kingdom-based data and research firm Pantheon Macroeconomics, the proponents of the Philippines' new sovereign wealth fund promise much in their proposal but the MIF "should not be mistaken as a panacea for much-needed reform to boost capital outlays." By Ronnel W. Domingo BDO profits surged 47% in H1 on growth of loan book The Sy family's BDO Unibank Inc., the country's biggest lender, extended its profitability streak during the first semester of 2023 as net income jumped 47 percent to P35.2 billion on stable growth of loans and sharp increase in lending rates. By Miguel R. Camus Like this email? Forward it to your friends and let them know that they can sign up here. BIZ BUZZ The first Maharlika chief​  Now that Congress has passed the law creating Maharlika Investment Corp. (MIC) — the corporate vehicle that will put up the Philippine sovereign wealth fund called Maharlika Investment Fund — the next question on everyone's mind is who will run the show.  By Doris Dumlao-Abadilla INQUIRER PLUS-EXCLUSIVE Crypto platform gains traction in PH Hong Kong-based tech firm ROLA is projecting a "strong growth" in its crypto-focused social media platform this year, citing rising usage in the Philippines where its active users have hit 100,000 to date. By Alden M. Monzon Try Inquirer Plus. Inquirer Plus is the digital version of the Philippine Daily Inquirer. Register for a 30-day trial for free to get access to Inquirer's fearless reporting, app-exclusive stories, and archives. REGISTER NOW Hi Edward. Have feedback? We're happy to hear it. Give Suggestions newsletter@inquirer.com.ph © 2023 PHILIPPINE DAILY INQUIRER, Barangay Tejeros, Makati City, Philippines You are receiving this email because you are subscribed to Inquirer Newsletters. Unsubscribe anytime