MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) decided yesterday to step on the brake pedal, keeping its interest rates unchanged to monitor the impact of previous monetary actions. In a press briefing, BSP officer-in-charge Francisco Dakila Jr. said the central bank believes that prevailing monetary view settings remain appropriate. The overnight reverse repurchase […]
Read MoreMANILA, Philippines — The country’s group of vehicle assemblers achieved its highest monthly sales for the year in October, up nearly four percent from a year ago amid higher demand for both passenger cars (PC) and commercial vehicles (CV). Data released yesterday showed combined sales of the Chamber of Automotive Manufacturers of the Philippines Inc. […]
Read MoreMANILA, Phillipines — A trade war may be brewing between the Philippines and Thailand as the Department of Trade and Industry (DTI) is considering the imposition of duty on vehicle imports from Thailand as a retaliatory measure for the latter’s failure to comply with a World Trade Organization (WTO) decision on a cigarette tax case […]
Read MoreMANILA, Phillipines — Economists said the Bangko Sentral ng Pilipinas (BSP) may step on the brake pedal and keep interest rates unchanged today, as the easing cycle is expected to resume next year. ING Bank Manila senior economist Nicholas Mapa said the BSP is expected to hold fire after unloading a salvo of rate cuts […]
Read MoreMANILA, Philippines — The Department of Finance (DOF) expects Congress to pass before the end of the year a bill which would increase taxes on alcohol and electronic cigarette products, now that President Duterte has certified the bill as urgent. In an interview, Finance Secretary Carlos Dominguez said he has asked lawmakers to swiftly pass […]
Read MoreMANILA, Philippines — Net inflow of foreign direct investments (FDIs) slowed down for the sixth consecutive month in August as uncertainties in the global market continued to dampen investor sentiment, the Bangko Sentral ng Pilipinas (BSP) reported yesterday. According to the latest data from the central bank, FDIs in August posted a net inflow of […]
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