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Philippines: Reforms needed to keep remittances robust – ADB

MANILA, Philippines — The Philippines and other Asia-Pacific economies reliant on remittances must implement policy reforms and boost digitalization efforts to ensure that money sent from abroad will remain strong and resilient despite the pandemic, according to the Asian Development Bank (ADB). In its latest blog, the ADB said remittances sustained their strong pace in […]

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Philippines: Inflation may breach this year’s target

MANILA, Philippines — The incoming governor of the Bangko Sentral ng Pilipinas (BSP) sees inflation breaching the two to four percent target by 1.5 to 1.7 percent this year on soaring oil and commodity prices. Monetary Board member and incoming BSP chief Felipe Medalla told “The Chiefs” on Cignal’s TV’s One News/TV5 that private forecasters […]

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