MANILA, Philippines — More Filipinos are keeping their money in banks as total deposits went up by 7.7 percent to P12.8 trillion as of end-March, according to the Bangko Sentral ng Pilipinas (BSP). The central bank said demand deposits inched up by 1.9 percent quarter-on-quarter, while savings deposits slipped by 1.6 percent and time deposits […]
Read MoreMANILA, Philippines — Governments are urged to take action to make fertilizers more accessible and affordable by providing credit facilities and encouraging efficient use to prevent a prolonged food crisis. In the latest World Bank blog, Juergen Voegele, vice president for sustainable development at the World Bank, called on policy makers to immediately act as […]
Read MoreAs the war in Ukraine pushes up wheat prices and a weaker peso raises the cost of imported edible oil, many Philippine bakers are shrinking the size of a popular breakfast roll to cope with higher inflation. The slightly sweet and pillowy soft “pandesal”, which Filipinos often dunk in coffee or stuff with cheese, used […]
Read MoreMANILA, Philippines — The country’s biofuel consumption is expected to continue to recover this year on the back of economic growth, as well as the increase in ethanol and biodiesel demand, according to the United States Department of Agriculture (USDA). In a report by its Foreign Agricultural Service (FAS), the USDA said ethanol demand is […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) still has room to continue raising key policy rates, following last week’s off-cycle rate hike, the ASEAN+3 Macroeconomic Research Office (AMRO) said. In a briefing, AMRO chief economist Hoe Ee Khor said the BSP’s recent 75-basis-point hike, which brought the key policy rate to 3.25 percent, […]
Read MoreFOOD and non-alcoholic beverage price increases have caused the Philippine inflation rate to jump to a three-year high of 6.1 percent last month, exceeding the government’s target for this year. According to the Philippine Statistics Authority data, the current rate is the highest it has been in more than three years, or since October 2018, when it […]
Read More
Thailand
