MANILA, Philippines — Twenty-six business groups are asking the government to allow the private sector to use their large stockpile of vaccines as booster shots for employees to prevent wasting jabs and a resurgence in infections. “We no longer have a shortage, and with such as large stockpile, we risk having vaccines expire and go to waste,” the […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) and economists expect inflation easing toward the end of the year until next year despite the warning of the International Monetary Fund (IMF) that elevated consumer prices could hang around longer in some countries. After staying above the central bank’s two to four percent target, BSP […]
Read MoreMANILA, Philippines — Bank lending is seen picking up further amid the gradual reopening of the economy as mobility restrictions are eased with the steady decline in daily COVID infections, according to the Bangko Sentral ng Pilipinas. BSP managing director Zeno Ronald Abenoja said, during a virtual media lecture series, that household loans are expected […]
Read MoreThe US dollar surged to its highest level in 16 months as investors weighed in on the possible Fed tightening as early as mid-2022. This is well ahead of the contemplated moves of other major central banks. Last Friday, Fed vice chair Richard Clarida said that it may be appropriate for policymakers to discuss whether […]
Read MoreMANILA, Philippines — The Philippine economy is seen growing 4.6 percent this year following the stronger than expected performance in the third quarter and as recovery continues to pick up pace. In an email to The STAR, Oxford Economics assistant economist Makoto Tsuchiya said the think tank further hiked its gross domestic product (GDP) prospects […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) expects to see more bank mergers and acquisitions after financial regulators agreed to streamline the processing of applications. In his weekly virtual press conference, BSP Governor Benjamin Diokno said monetary authorities are processing five applications, including four for mergers and consolidation and one for acquisition. “There […]
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