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September 29, 2023

HSBC highlights potential reforms for SONA mention to boost investor sentiment

Banking giant HSBC suggests that mentioning three potential reforms on Monday’s State of the Nation Address (SONA) could signal the government’s commitment to resolving pressing challenges and improving the macroeconomic fundamentals of the Philippines economy.

The reforms include Military and uniformed personnel pension (MUP) reforms, extension of Executive Order (EO) 10 that temporarily reduced tariffs on key commodities, and liberalization and competitiveness reforms for livestock, onion, and sugar sectors.

The bank believes that these mentions could have a significant impact on the economy’s fiscal coffers, lower inflation, and bring down consumer prices, potentially leading to earlier-than-expected BSP rate cuts.


Metrobank provides P15B loan facility to Globe Telecom

Metrobank has agreed to provide Globe Telecom Inc. with a P15-billion term loan facility to finance capital expenditures, debt refinancing, and general corporate requirements, as the telecom company allocates funds for data network expansion and the deployment of 5G technology.

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