MANILA, Philippines — Economists see the Bangko Sentral ng Pilipinas (BSP) maintaining a pro-growth stance by keeping interest rates at record lows despite the fact that rising oil and commodity prices are putting monetary authorities in a tight spot. Security Bank chief economist Robert Dan Roces said the central bank’s Monetary Board will likely put […]
Read MoreMANILA, Philippines — Foreign arrivals in the country are not likely to return to pre-pandemic levels until 2024 under the best possible scenario, the Pacific Asia Travel Association (PATA) said. Data provided by PATA to The STAR showed that visitor arrivals in the Philippines are expected to reach almost 10 million by 2024 under a […]
Read MoreMANILA, Philippines — The Philippines is expected to post slower economic growth and higher inflation this year despite an assurance from the Bangko Sentral ng Pilipinas (BSP) that the country is insulated from the ongoing Russia-Ukraine war, according to S&P Global Ratings and Moody’s Investors Service. In its latest Global Macro Update titled “Preliminary Forecasts […]
Read MoreMANILA, Philippines (Update 1, 11:09 a.m.) — There were fewer jobless Filipinos in January despite renewed mobility curbs back then to arrest the spread of Omicron variant. But one analyst said the figures are not telling a good news, stressing that prolonged pandemic hardships are prompting people to quit job-hunting. Results of the Philippine Statistics Authority’s Labor Force Survey found […]
Read MoreMANILA, Philippines — The government widened its budget deficit to more than P23 billion in January, opening the year with increased spending due to the expanded allocation for localities. The Bureau of the Treasury yesterday reported that the deficit ballooned by two-thirds to P23.38 billion in January from P14.06 billion a year ago, on a […]
Read MoreMANILA, Philippines — The Philippines is expected to post slower economic growth and higher inflation this year despite an assurance from the Bangko Sentral ng Pilipinas (BSP) that the country is insulated from the ongoing Russia-Ukraine war, according to S&P Global Ratings and Moody’s Investors Service. In its latest Global Macro Update titled “Preliminary Forecasts […]
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