The Bangko Sentral ng Pilipinas (BSP) on Thursday capped 2024 with a third consecutive reduction ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
| | | | | | | | | | POLICY
BSP finishes 2024 with 3rd rate cut
The Bangko Sentral ng Pilipinas (BSP) on Thursday capped 2024 with a third consecutive reduction to the policy interest rate, with Governor Eli Remolona Jr. keeping his intention to take "baby steps" when it comes to easing amid persistent price pressures.
By Ian Nicolas P. Cigaral
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| | | | ECONOMY
Balance of payments deficit grew to widest in over 2 years
The Philippines posted its largest dollar deficit in over two years in November, with the outflows stemming from the Bangko Sentral ng Pilipinas' (BSP) moves to shore up a weak peso and repayment of external debt of the government. The BoP summarizes an economy's transactions with the rest of the world during a certain period.
By Ian Nicolas P. Cigaral
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| | | | MARKETING PULSE
Playing to win: Entrepreneurship and the competitive spirit
In business, I have always embraced a competitive spirit. I don't just play to avoid losing; I play to win. This mindset reflects my philosophy: "Better Than Before, Better Than Others, Better Than Expected." I first articulated this in my debut book, Contemporary Marketing Strategy in the Philippine Setting (1992).
By Josiah Go
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| | | | | | | | BIZ BUZZ
MVP confirms John Hay plans
Manuel V. Pangilinan took time off his ultra busy schedule to go up to the City of Pines on Wednesday, not just to take in the cool December air but to also meet with officials of Camp John Hay and Bases Conversion Development Authority.
By Tina Arceo-Dumlao
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| | | | INQUIRER PLUS-EXCLUSIVE
ACEN bags 900-MW wind project in Australia
ACEN Corp., the listed energy platform of the Ayala Group, emerged as the winner from a recent bidding for a 900-megawatts (MW) wind park project in Australia. The company said the facility, dubbed as "Valley of the Winds," will be built in Coolah in New South Wales, within a location designated as a Renewable Energy Zone.
By Lisbet K. Esmael
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