MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is expected to pause rate hikes next month as inflation eased to a six-month low in March, according to UK-based think tank Pantheon Macroeconomics. In a report, Pantheon Macroeconomics chief emerging Asia economist Miguel Chanco and senior Asia economist Moorthy Krshnan said the latest inflation data […]
Read MoreMANILA, Philippines — The Philippine economy expanded at a slightly slower pace in the fourth quarter last year than initially reported, the Philippine Statistics Authority (PSA) said. “The fourth quarter 2022 gross domestic product (GDP) growth rate was revised downward to 7.1 percent from 7.2 percent,” the PSA said. Meanwhile, it said full-year 2022 and […]
Read MoreMANILA, Philippines — More than 10.8 million passengers traveled through the Ninoy Aquino International Airport from January to March, marking a 158% increase in number of travelers in the first quarter of the year compared to the same period in 2022. The Manila International Airport Authority, which manages NAIA, said Sunday it recorded 10,855,332 passengers […]
Read MoreMANILA, Philippines — The government reduced its debt service by nearly 80 percent to P48 billion in January as payments for interest and amortization declined. Data from the Bureau of the Treasury showed that the government reduced its debt payments by nearly 80 percent at the start of the year to P47.83 billion from P215.84 […]
Read MoreBut remains top performer in Southeast Asia MANILA, Philippines — The Philippines is expected to post the second fastest growth in Southeast Asia this year, but the projected growth is slower than last year due to challenges such as a global economic slowdown and high inflation, according to the Association of Southeast Asian Nations Plus […]
Read MoreMANILA, Philippines — Japan’s Nomura forecast the Bangko Sentral ng Pilipinas will raise interest rates, with two 25 basis point hikes in tow before it hits the pause button, as inflation remains a pressing concern. In a commentary on Thursday, the Japan-based investment bank noted that accelerating core inflation, which hit 8% year-on-year in March, […]
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