BBM’s Economic Team: “Follow the Money”
There is now a clear picture as who are in Pres-Elect Marcos’ economic team. Let us learn who they are.
Philippine central bank raises interest rates to curb inflation
The Philippine central bank raised interest rates Thursday for the first time in more than three years, in a bid to curb inflation as rising fuel prices and food shortages push up living costs.
Philippine province lifts open-pit mining ban, paves way for Tampakan project: official
A Philippine provincial government has lifted a ban on open-pit mining, removing the final regulatory obstacle for a long-delayed copper and gold project in the country’s restive south, a senior official said Monday.
South Cotabato lifts 12-year old mining ban
Members of the South Cotabato Sangguniang Panlalawigan on Monday, May 16, lifted the controversial 12-year old mining ban in the province.
Economic prospects under Marcos Jr. presidency
Hours after Ferdinand “Bongbong” Marcos, Jr. was showing insurmountable lead over rival Vice President Leni Robredo, Chayong Camus of JP Morgan, a Wall Street investment banker, recommended a “sell” to stock investors in the Philippine Stock Exchange. Such recommendation forebodes negative prospects of the incoming Marcos administration.
Philippines’ Duterte vows to ban online cockfighting
Philippine President Rodrigo Duterte has vowed to ban online cockfighting following outcry over the industry sparked by the disappearance of dozens of workers and concerns about the social costs of gambling.
EU to propose phasing out Russian oil in new sanctions wave
The EU will propose a phased out ban on Russian oil imports as part of a fresh round of sanctions against Russia for its invasion of Ukraine, sources said on Sunday.
Yellen warns European ban on Russian energy could harm economies
A European ban on Russian oil and gas imports could have unintended economic consequences, US Treasury Secretary Janet Yellen said Thursday.
Police intercept over P5M smuggled cigarettes in Zamboanga Sibugay village
The police have intercepted some 402 assorted cases of smuggled cigarettes with an estimated value of P5,266,000 in an anti-smuggling operation on Saturday, April 16.
Ukraine war, energy crisis force UK into fossils fuel rethink
Given the climate emergency, the UN chief says that investing now in fossil fuels is “moral and economic madness”. But given the energy shock from the war in Ukraine, Britain is set to do just that.