MANILA, Philippines — Foreign direct investments (FDI) in the Philippines showed stability in the first quarter, growing by two percent amid risks such as the war in Eastern Europe and monetary tightening worldwide. The Bangko Sentral ng Pilipinas (BSP) yesterday reported that FDI went up to $2.44 billion in the first quarter from $2.4 billion […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is committed to bring down the level of deposits that big banks should maintain by the fourth quarter. BSP Governor Benjamin Diokno yesterday said the central bank would pursue the reduction of the reserve requirement ratio (RRR) of big banks to within single digit in the […]
Read MoreMANILA, Philippines — The Philippines and Thailand have taken positive steps to resolve outstanding issues in relation to a cigarette tax dispute through the signing of an understanding on agreed procedures. In a statement, the World Trade Organization (WTO) said the two countries signed a bilateral “Understanding on Agreed Procedures Towards a Comprehensive Settlement of […]
Read MoreMANILA, Philippines (Updated, 11:41 a.m.) — The proportion of unemployed Filipinos in April eased to its lowest level since the pandemic began, thanks to temporary job opportunities related to pre-election activities and the harvest season. Results of a survey of 43,500 households nationwide showed there were 2.76 million Filipinos who were either unemployed or out of business in […]
Read MoreMANILA, Philippines — The country’s balance of trade in goods expanded in April, as double-digit gains in imports were sustained and outpaced exports, with the Philippines still bearing the brunt of soaring global commodity prices as a consequence of the Russia-Ukraine war. Data from the Philippine Statistics Authority showed that the country’s trade shortfall surged […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is set to launch a news sentiment index (NSI) next year to capture relevant views on key macroeconomic events that may affect the current and emerging economic and financial environment. Outgoing BSP Governor and incoming Finance Secretary Benjamin Diokno said the regulator intends to use a […]
Read More
Thailand
