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PH may implement up to 5 rate hikes due to inflation risks

CEBU CITY, Philippines – The Philippines may need to impose as many as five interest rate hikes this year to tame inflation pressures worsened by rising global oil prices and a weakening peso, according to a top executive of BDO Unibank Inc. Speaking during the Cebu Economic Briefing of the Sy-led bank, Ritz Ocampo, its

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Customer experience sector expected to hit $35.7B in 2026

CEBU CITY, Philippines — The Philippine customer experience and business process management sector is expected to sustain its growth momentum in 2026 despite mounting global economic and political uncertainties, industry leaders said. The contact center-business process management (CC-BPM) industry is projected to grow by 5.31 percent to $35.7 billion this year, from an estimated $33.9

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Dangerous heat index forecast in 53 areas on Thursday; to peak at 47°C

MANILA, Philippines — Danger-level heat indices will persist in 53 areas across the country, with up to 47°C expected on Thursday, according to the Philippine Atmospheric, Geophysical and Astronomical Services Administration (Pagasa). In Metro Manila, a heat index of 42°C is forecast in Quezon City and up to 44°C is expected in Pasay City. “Nasa

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