Why interest rate cuts aren't always good news
Philippine Daily Inquirer
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Good morning. Last week, columnist Henry Ong made the case of why interest rate cuts aren't always good news. The economy is a complex system, and navigating the many established economic indicators is a tricky task. This is why conglomerates like San Miguel Corp. seek out the best of economists.
In order to spot potential conflicts of interest, the BSP wants to require banks to provide more details about their business dealings. In addition, the ADB is preparing a $500-M policy loan to boost PH fiscal modernization.
The PH may have won the battle of rising prices, but hikes in fees are still present elsewhere, particularly in the "VIP" lane offered to Naia passengers. The cost of access to VIP services in Naia has increased from P800 to a whopping P8,000.
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