MANILA, Philippines — Market activity has generally been soft and will continue to stay as such as investors await vital economic data on inflation for March. The Philippine Statistics Authority (PSA) is set to release no later than April 5 the inflation report for March. The Bangko Sentral ng Pilipinas forecasts inflation in March to […]
Read MoreSoutheast Asia’s fourth-largest economy sees inflation hit 8.6 percent, far above Thailand, Indonesia and Vietnam. Manila, Philippines – Emelie Ann Ducabo, 57, a married mother and sales worker in Metro Manila, has been forced to become an expert in pinching pennies to feed the seven members of her household. At the market, Ducabo buys pork, fruit […]
Read MoreMANILA, Philippines — Banks expect a double-digit growth in earnings in the next two years due to higher net interest margins brought about by the aggressive rate hikes delivered by the Bangko Sentral ng Pilipinas (BSP). Based on the First Semester 2022 Banking Sector Outlook Survey (BSOS), the BSP said 77.9 percent of the respondents […]
Read MoreMANILA, Philippines — Companies have put on hold plans to expand their operations and hire workers in the second quarter of the year due to insufficient demand and high interest rates. Redentor Paolo Alegre Jr., officer-in-charge of the Monetary Policy Sub-Sector at the Bangko Sentral ng Pilipinas, said the results of the First Quarter 2023 […]
Read MoreMANILA, Philippines — The country’s outstanding debt increased to P13.75 trillion in February, reaching its highest level yet again, following the issuance of domestic securities as the government moves to finance the budget deficit. Latest data from the Bureau of the Treasury showed that the national debt reached P13.75 trillion by end-February, inching up by […]
Read MoreMANILA, Philippines — Housing prices still shot up in the final quarter of 2022 despite loan growth softening as borrowing costs turned expensive. Data released by the Bangko Sentral ng Pilipinas on Friday showed that Residential Real Estate Price Index, a measure of average change in the prices of various types of housing units, improved […]
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