MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has granted a final extension of the zero spread on its peso rediscount loans anew until end-June to allow banks to tap the facility to meet their temporary liquidity needs amid the pandemic. BSP Governor Benjamin Diokno said the Monetary Board approved the extension of the […]
Read MoreMANILA, Philippines — Consumer prices rose at their briskest pace in six months in March and nearly breached the government’s target, no thanks to unabated rise in fuel prices that forced Filipinos to tighten their belts. Inflation, as measured by the consumer price index, accelerated 4% year-on-year in March, faster than the 3% clip posted in […]
Read MoreMANILA, Philippines — The Philippines is expected to see the highest bond yields among Asia-Pacific nations due to inflationary pressures from rising oil prices and the US Fed rate hikes. In a report, Oxford Economics said the Philippines may post the largest increase in yield spreads this year due to a number of factors. The […]
Read MoreIn Q2 due to high commodity prices MANILA, Philippines — The manufacturing sector in the Philippines and in Southeast Asia may slow down in the second quarter due to surging commodity prices as an effect of the Russia-Ukraine war. In a report, international think tank Pantheon Macroeconomics said that while manufacturing ended the first quarter […]
Read MoreMANILA, Philippines — Inflation likely accelerated in March and breached the upper end of the two to four percent target set by the Bangko Sentral ng Pilipinas (BSP), according to economists. Michael Ricafort, chief economist at Rizal Commercial Banking Corp., said inflation likely climbed to 4.4 percent in March from three percent in February largely […]
Read MoreMANILA, Philippines — The Philippines fell behind its Southeast Asian neighbors in motor vehicle assembly, posting the lowest growth in output in the first two months of the year. Data from the Association of Southeast Asian Nations (ASEAN) Automotive Federation (AAF) showed the Philippines produced 11,348 motor vehicles in the January to February period, up […]
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