MANILA, Philippines — Monetary authorities see ample scope to keep a patient hand on their various policy levers as inflation eased further, supporting the narrative that the rise in consumer prices is on a downward trajectory. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said the rebasing of the consumer price index to 2018 from […]
Read MoreMANILA, Philippines — Singapore-based SpaceDC is putting up the largest hyperscale data center in the Philippines. SpaceDC CEO Darren Hawkins said the firm picked the Philippines as it ranks second in terms of data center growth in Southeast Asia. “With only 47 MW (megawatt) of available capacity in the country, it is a dramatically underserved […]
Read MoreMANILA, Philippines — Bank of Commerce, the banking arm of diversified conglomerate San Miguel Corp. (SMC), built up its assets under management (AUM) by 63 percent to P63 billion last year by widening its retail investor client base. Ramon Ang, president and CEO of SMC, said the strong showing of Bank of Commerce in investment […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is evaluating additional applications from non-bank electronic money issuers (EMIs) after the regulator imposed a two-year moratorium on the issuance of licenses. BSP Governor Benjamin Diokno said during his weekly online press conference that they have received a total of 36 applications before the moratorium took […]
Read MoreMANILA, Philippines (Update 1, 11:30 a.m.) — Price growth continued to slow in January to post its softest print in over two years, with analysts attributing the subdued reading to rebasing of consumer price index (CPI) used to measure inflation. Inflation picked up 3% year-on-year in January, the Philippine Statistics Authority reported Friday. This was the first […]
Read MoreMANILA, Philippines — Factory gate prices grew at a slower pace in December even as increments were recorded in the majority of industry groups, the Philippine Statistics Authority (PSA) said. Latest data from the PSA showed that the Producer Price Index (PPI) for December went up by 0.6 percent, a slowdown from the 1.1 percent […]
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