MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is expected to upgrade its inflation forecast for the year as oil prices soar, but it will be in no rush to move toward normalization. In a report, international think tank Pantheon Macroeconomics said the Bangko Sentral ng Pilipinas (BSP) is likely to raise its inflation […]
Read MoreMANILA, Philippines — The Philippines returned to the international debt market for the first time this year by offering global and green bonds to boost the government’s budget for pandemic recovery. In a notice of issuance, the Philippines said it would borrow a benchmark amount or at least $500 million through the offering of global […]
Read MoreMANILA, Philippines — President Rodrigo Duterte on Monday signed into law the Public Service Act, which would ease restrictions on foreign investments in key industries. The law amended the 85-year-old Commonwealth Act 146, known as the Public Service Act. The changes would open industries that foreigners were once limited to own or invest in — such as telecommunications, airlines, and railways […]
Read MoreMANILA, Philippines — A local research group has expressed concern over the drop in labor force participation in January, made worse by fuel price hikes and the measly assistance given by the government. Citing data from the Philippine Statistics Authority (PSA), IBON Foundation said the number of labor force participants fell by 3.6 million to 45.9 […]
Read MoreMANILA, Philippines — The country’s inflation is seen to temporarily rise in the coming months amid high global commodity prices, but is expected to return within the government’s target level, according to an international think tank. “We expect inflation to rise over the coming months, but probably not enough to worry the central bank,” said […]
Read MoreMANILA, Philippines — The foreign obligations of the Philippines went up by 8.1 percent to $106.43 billion last year as the national government borrowed more, including the emergency reserve fund from the International Monetary Fund (IMF), to finance the country’s COVID-19 response measures. BSP Governor Benjamin Diokno said the increase was due to net availments […]
Read More
Thailand
