MANILA, Philippines — Property prices nationwide rose for the second straight quarter in the fourth quarter of 2021 as the cost of owning a townhouse or a condominium jumped by double digits. According to the Residential Real Estate Price Index (RREPI), property rates across the country grew by 4.9 percent from October to December 2021, […]
Read MoreMANILA, Philippines — The next Philippine president could become unpopular to taxpayers, both rich and poor, as the new government would have to resort to tax reforms and spending cuts to avert a potentially disastrous debt crisis. The Duterte administration will pass on the largest outstanding debt, as measured against gross domestic product (GDP), in […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has urged Malacañang to pursue several initiatives, including expanding social interventions and trimming import duties, to tame inflation in the short term. BSP Governor Benjamin Diokno said the central bank finds no reason yet to hike interest rates to hold off inflationary pressures caused by rising […]
Read MoreMANILA, Philippines — The Philippines may import more corn to supplement some feed wheat demand, as prices of wheat have increased amid the Ukraine-Russia conflict, the United States Department of Agriculture (USDA) said. In a report by its Foreign Agricultural Service, the USDA said it sees the Philippines importing 750,000 metric tons (MT) of corn […]
Read MoreMANILA, Philippines — Meat importers are reiterating their support for a proposal to lower tariff rates on pork imports, stressing that the Ukraine-Russia conflict has already caused increases in the cost of production and transport of meat globally. In a letter to Tariff Commission chairperson Marilou Mendoza, the Meat Importers and Traders Association (MITA) said […]
Read MoreMANILA, Philippines — The significant upgrade in inflation forecast for 2022 just made it harder for the Bangko Sentral ng Pilipinas (BSP) to move toward normalization, according to international think tank Pantheon Macroeconomics. In a report, Pantheon Macroeconomics said the BSP may keep rates on hold for the rest of 2022. This after the BSP […]
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