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Philippines: Diokno hints at possibility of rate increase

MANILA, Philippines — The possibility of a rate hike for the first time in more than three years has increased as the space for accommodative monetary policy stance has narrowed significantly ahead of today’s rate setting meeting. During his weekly virtual press conference, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno hinted at the possibility […]

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Economists hike Philippine GDP growth forecast

MANILA, Philippines — Economists are now looking at a stronger economic growth for the Philippines after a faster-than-anticipated gross domestic product (GDP) growth in the first quarter. Standard Chartered Bank economist for Asia Jonathan Koh said the bank has upgraded the GDP growth forecast for the Philippines to eight percent from the original target of […]

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Philippines: GMA sees profit growth this year

MANILA, Philippines — GMA Network Inc. is looking at sustained profitability this year, with the broadcast giant not expecting to encounter any bumps in the road with the new administration under the leadership of presumptive president Ferdinand “Bongbong” Marcos Jr. GMA chairman and CEO Felipe Gozon said the company is projecting a net income after […]

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Philippines: Rate hike may dent demand, employment

MANILA, Philippines — The impending interest rate liftoff by the Bangko Sentral ng Pilipinas (BSP) may dent demand and employment recovery, especially in the absence of fiscal support to cushion the economy from higher borrowing costs, according to Moody’s Analytics. It said the Philippine economy has surpassed pre-pandemic levels of output after its gross domestic […]

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