MANILA, Philippines — Businesses turned more buoyant for the second quarter and the next 12 months with the full reopening of the economy, according to the Bangko Sentral ng Pilipinas (BSP). Redentor Paolo Alegre Jr., officer-in-charge of the BSP’s monetary policy subsector, in a virtual press conference, said that results of the First Quarter 2023 […]
Read MoreMANILA, Philippines — Businesses were still bullish about their prospects despite headwinds that continue to test the Philippine economy, according to the Bangko Sentral ng Pilipinas. Results of a nationwide BSP survey of 1,554 firms released on Thursday showed the overall consumer confidence index (CI) rose to 34% in the first quarter, from 23.9% in […]
Read MoreMANILA, Philippines — The national government’s liabilities inched up in February, with an analyst expecting a heavier debt load in the coming years as the Marcos Jr. administration sticks to its growth targets that would require higher spending to hit. Data released by the Bureau of the Treasury showed that the country’s outstanding liabilities inched […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is further strengthening its consumer protection framework with new rules on consumer assistance mechanism (CAM), mediation and adjudication set to take effect in May. BSP Governor Felipe Medalla said the regulator has approved the rules of procedure to effectively carry out the objectives of Republic Act […]
Read MoreMANILA, Philippines — Investments approved by the Philippine Economic Zone Authority (PEZA) in the first quarter of the year reached P12.537 billion, up 54 percent from the same period last year. The more than 50 percent surge in investments from January to March is an indication that we are on the right track in achieving […]
Read MoreMANILA, Philippines — Issuers are pushing credit card ownership, particularly among Filipino women, amid stubbornly high inflation and uncertainties. According to the Credit Card Association of the Philippines (CCAP), the umbrella organization of the country’s 17 major issuers, credit cards serve as powerful tools of economic empowerment for women, as these increase their financial flexibility, […]
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