Too early for rate cut

View in browser   |   Shop Inquirer July 18, 2023 Too early for rate cut talk, BSP says It is still too early to put interest rate cuts on the table as upside pressures on prices remain even if inflation is on a downtrend, according to Bangko Sentral ng Pilipinas Governor Eli Remolona. By Ronnel W. Domingo Gotianun plans Cebu desalination plant to ease water shortage The Gotianun conglomerate is keen on developing a desalination plant in Cebu to help alleviate water supply problem in the Philippines' second largest metropolitan area. FDC Utilities Inc. (FDCUI), a unit of Filinvest Development Corp., hopes to start soon the construction of the desalination facility with capacity of 80 million liters per day (MLD). By Jordeene B. Lagare MSMEs urged to use credit cards for funding shortfall Credit cards can be a viable financing tool for small enterprises seeking loans amid a countrywide business funding gap that is estimated in the trillions of pesos. Industry group Credit Card Association of the Philippines (CCAP) said certain micro, small and medium enterprises (MSMEs) could tap credit card loans for "short-term financial needs." By Miguel R. Camus Like this email? Forward it to your friends and let them know that they can sign up here. BIZ BUZZ Megaworld rides Cebu wave It was supposed the be the showcase project that would bring foreign businessmen to Cebu in droves for meetings and exhibits, but things didn't exactly turn out that way for the megaproject. By Daxim L. Lucas INQUIRER PLUS-EXCLUSIVE 'Huge' power generation cost to be recouped over 3 years A Supreme Court (SC) ruling that allowed the staggered recovery of P22.64 billion in power generation costs would likely be implemented on a three-year period starting next year, the Energy Regulatory Commission (ERC) said. ERC chair Monalisa Dimalanta declined to disclose the final cost, which would be collected from customers of power distributor Manila Electric Co. (Meralco) and other distribution utilities and electric cooperatives in Luzon. By Jordeene B. Lagare 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