July inflation falls to 22-year low
by Ronnel Domingo
Inflation fell to a 22-year low of 0.2 percent year-on-year in July mainly due to the continued easing of food, beverage and tobacco prices, according to the National Statistics Office.
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Banks start to relax credit standards
Local banks are starting starting to relax their credit standards, believing that the world economy is on its way to a gradual recovery from a crisis, reducing risk aversion toward lending.
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BSP sees no need for shift in monetary policy
by Michelle Remo
THE CURRENT MONETARY policy, with its key interest rate at a historic low of 4 percent, is still appropriate for the moment, given that liquidity in the system remains sufficient to help boost growth while inflation is expected to stay within comfortable levels, said the Bangko Sentral ng Pilipinas.
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Drastic reforms in education system sought
If the country does not want to continue suffering from a ?declining quality of citizenry? and increasing unemployment and underemployment levels, the government should do something drastic to reform its educational system.
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Roundup
AUSTRALIAN FIRM KAIRIKI ENERGY LTD. HAS raised A$10 million to partly fund the development program in Service Contract 54 in offshore Palawan basin.
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BPO sector expects 25% growth
by Amy R. Remo
DESPITE THE GLOBAL ECONOMIC SLOWdown, the business process outsourcing industry remained optimistic it would post a double-digit growth of as much as 25 percent this year, an industry official said.
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