phil02
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Philippines: Inflation sizzles to 6.4% in July, putting pressure on households, interest rates

MANILA, Philippines (Update 1, 11:08 a.m.) — Inflation remained painfully high in July, keeping the pressure on the Bangko Sentral ng Pilipinas to stay hawkish as rising prices squeeze Filipino households’ budgets. Inflation, as measured by the Consumer Price Index (CPI), accelerated 6.4% year-on-year in July, faster than 6.1% recorded in June, the Philippine Statistics Authority reported […]

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asia01
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Southeast Asia GDP growth revised up to 5% in 2022

The Asian Development Bank revised its GDP growth projections for Southeast Asian countries in 2022 to 5 percent, slightly up from its earlier estimates of 4.9 percent. The bank, which maintained the forecast for 2023 at 5.2 percent, made its observations regarding the economic performance of Asean Countries in its Asian Development Outlook Supplement for […]

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