MANILA, Philippines — Inflation may exceed the central bank’s two to four percent target for 2018 due to the implementation of the tax reform law, according to a survey conducted by the Bangko Sentral ng Pilipinas (BSP). Zeno Ronald Abenoja, director at the BSP’s Department of Economic Research, said the central bank’s Private Sector Economists’ […]
Read MoreMANILA, Philippines — The Philippines is the third largest remittance receiving nation in the world in 2017, according to a World Bank report Monday. The country maintained its position with $33 billion (P1.72 trillion) of remittance inflows. Remittances from more than 10 million overseas Filipino workers are the second largest source of foreign exchange for […]
Read MoreForeign portfolio investments swung to a net inflow of $1.13 billion in March, the highest in more than three years, after the government successfully raised P12 billion ($230 million) from the maiden issuance of Panda bonds, the Bangko Sentral ng Pilipinas (BSP) reported yesterday. The latest figure was the highest since the country registered a […]
Read MoreMANILA, Philippines — Deficit in the Philippines’ external payments position persisted in March 2018, putting the three-month tally above the central bank’s full-year deficit ceiling on the back of ballooning trade gap. Data released by the Bangko Sentral ng Pilipinas show the country’s overall balance of payments position, or BOP, swung to a $266 million […]
Read MoreMANILA, Philippines — Wholesale prices of commodities increased at a slower pace in February due largely to the decline in the prices of crude materials, the National Statistics Office reported. Data from the NSO showed that the general wholesale price index (GWPI) grew five percent from 7.5 percent. The crude materials index except fuels continued […]
Read MoreMANILA, Philippines — E-recruitment activities in the Philippines further picked up in the first two months of the year on the back of bullish outlook on the country’s economy, according to online hiring website Monster.com. Based on data provided by the Monster Employment Index, which was released on Thursday, hiring sentiment in the country posted […]
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