BSP sees steady inflation rate in May

BSP sees steady inflation rate in May

The steady increase in fuel prices in May—after dropping sharply in the previous month at the height of the lockdown imposed to fight the coronavirus pandemic—may have pushed the country’s inflation rate to accelerate slightly, according to the central bank’s economists. In a statement on Friday, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said […]
MPIC sees 50% cut in capital spending

MPIC sees 50% cut in capital spending

Infrastructure hol­ding firm Metro Pacific Investments Corp. (MPIC) has turned more optimistic on reaching a “bankable” new concession deal for Maynilad Water Services Inc. through an out-of-court settlement with the government. But while the group has seen a...