THE International Monetary Fund (IMF) on Monday (Sep 26) slashed its growth forecasts for the Philippines for this year and next to reflect the impact of a global economic slowdown and tightening financial conditions. The IMF said economic growth in the South-east Asian country this year would hit 6.5 per cent, weaker than its previous […]
Read MoreMANILA, Philippines — The Philippine economy is expected to grow by 6.5 percent this year with domestic demand seen to remain strong despite high inflation, according to First Metro Investment Corp. (FMIC) and University of Asia and the Pacific (UA&P) Capital Markets Research. In the Market Call report for September released over the weekend, FMIC […]
Read MoreMANILA, Philippines — The Manila Electric Co. (Meralco) expects a six percent growth in energy sales for the third quarter, buoyed by the recovery of the commercial sector. Meralco first vice president and chief commercial officer customer retail services Ferdinand Geluz said the company’s energy sales during the months of July, August, and September recorded […]
Read MoreMANILA, Philippines — DBS Bank Ltd. of Singapore sees the Bangko Sentral ng Pilipinas (BSP) raising interest rates by at least 75 basis points more this year as it continues to combat rising inflation. In a commentary titled “Philippines: Firm on Fighting Inflation,” DBS economist Chua Han Teng said the Monetary Board would likely hike key […]
Read MoreMANILA, Philippines — Business and consumer confidence fell in the third quarter on the back of elevated inflation, rising fuel prices, the weak peso as well as higher household expenses and lower income, according to the Bangko Sentral ng Pilipinas (BSP). In a virtual press conference, Redentor Paolo Alegre, senior director of the Department of […]
Read MoreMANILA, Philippines — The Asian Development Bank (ADB) raised its inflation forecast for the Philippines this year, amid rising global energy and commodity prices. According to its Outlook 2022 report released yesterday, the ADB now expects inflation in the country to quicken to 5.3 percent this year, up from the 4.9 percent forecast it provided […]
Read More
Thailand
