DEBT watcher Fitch Ratings said the Philippines’ tourism rebound will be subject to setbacks as the global epidemiological scenario evolves. “Many APAC (Asia Pacific) economies had been implementing reopening strategies prior to the Omicron variant, driven by falling virus cases and accelerating vaccine rollouts,” it underscored in a report released on Tuesday. Thailand was first to ease […]
Read MoreMANILA, Philippines — Prices of goods and services likely averaged at 4.4 percent last year, the same forecast as the Bangko Sentral ng Pilipinas (BSP), but inflation is expected to start decelerating this 2022. In its latest Market Call report, First Metro Investment Corp. (FMIC) and University of Asia and the Pacific (UA&P) Capital Markets […]
Read MoreMANILA, Philippines — Local factory output continued its nascent climb in December, finishing 2021 strong as manufacturers gear up for improved operations despite continued supply chain disruptions. British information provider IHS Markit reported the Philippines’ purchasing managers’ index (PMI), a measure of manufacturing output, stood at 51.8 in December, the strongest expansion in nine months. […]
Read MoreRENEWED restrictions following a surge in Covid-19 cases could cost the Philippine economy around P200 million, according to Trade Secretary Ramon Lopez on Monday. The National Capital Region (NCR) has been placed under Alert Level 3 from January 3 to 15 as Covid-19 cases skyrocketed over the past week amid the holiday season. “If I remember correctly, […]
Read MoreMANILA, Philippines — The Philippines held on to its position as second fastest growing market for automobiles in Southeast Asia, with production and sales accelerating by over 20 percent in the 11 months to November. Data from the Association of Southeast Asian Nations (ASEAN) Automotive Federation showed assembly plants in the Philippines churned out 78,714 […]
Read MoreMANILA, Philippines — The prescribed ceiling on interest rates, charges and other fees for specific loan offering by lending firms, financing companies and online lending platforms is set to take effect on Jan. 3, 2022, according to Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno. Last Dec. 16, the Monetary Board issued Resolution 1717 approving […]
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Thailand
