MANILA, Philippines – Inflation cooled in October as food prices eased as the economy begins a long-winding process of recovering from a historic economic meltdown. Data from the Philippine Statistics Authority found that inflation slowed to 4.6% year-on-year in the previous month. This was lower than the 4.8% rate measured in September. Inflation, as measured […]
Read MoreMANILA, Philippines — Foreign trade continued its ascent in September, albeit at a slower pace, as demand stood firm against pandemic curbs then. What’s new External trade grew 16.9% year-on-year to $17.35 billion in September, the Philippine Statistics Authority reported Friday. This was slower than the 25.3% annual growth rate in August, and a turnaround […]
Read MoreMANILA, Philippines — The Securities and Exchange Commission drew the line on online lending platforms as it suspended new registrations in a bid to stop predatory behavior from these financing outfits. In a statement on Friday, the regulator issued the moratorium as it observed fintech companies took advantage of financially-needy Filipinos amid the pandemic which sent […]
Read MoreMANILA, Philippines — Unemployment further worsened in September despite the easing of mobility curbs, indicating the long-term scarring impact of repeated lockdowns on the labor market. The labor situation in the Philippines failed to see improvements in September despite looser restrictions and a more relaxed alert level system implemented in the country. The latest report […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) said there are no clear signs of emerging second round effects as inflation remained above the government’s two to four percent target due to higher oil and food prices. In his weekly online press conference, BSP Governor Benjamin Diokno said inflation pressures over the past year […]
Read MoreMANILA, Philippines — Prices of basic goods and services likely accelerated in October as global crude costs remain at three-year highs, but would start easing next year due to a lower base and the absence of one-off price increases. In its latest Market Call report, First Metro Investment Corp.(FMIC) and University of Asia and the […]
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