“I think times have changed and I think we should be open to more improvement so personally I am for opening up some sectors of the economy [that are] still closed,” Diokno said in a press conference in Manila.The Finance chief, in particular, said the foreign ownership restrictions on the education sector as well as the mass media should be relaxed.
As expected, the Bangko Sentral ng Pilipinas dialed down its tightening cycle as it delivered a smaller 25-basis-point increase amid easing, but persistent price pressures.
The Department of Finance (DOF) wants a whole-of-government approach to tackle inflation that remained elevated in February despite the central bank’s very aggressive monetary policy stance.
During the Presidential Communications Office briefing on Tuesday, March 7, Finance Secretary Benjamin E.
Finance chief backs additional imports of rice, corn, sugar bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.