MANILA, Philippines — Inflation likely accelerated in April due to the increase in the prices of oil and food products, economists said. Philippine National Bank vice president and head of research Alvin Arogo said inflation likely quickened to 4.9 percent in April from 4.5 percent in March mainly due to the lifting of the pork […]
Read MoreMANILA, Philippines — Developing economies in Asia-Pacific, including the Philippines, need to strive harder to address inequality as decades worth of gains in reducing poverty have been pushed back due to the pandemic. In yesterday’s virtual discussion organized by BusinessWorld in partnership with The STAR, Asian Development Bank (ADB) chief economist Yasuyuki Sawada said the […]
Read MoreOutflow of speculative funds down to 67% in Q1 MANILA, Philippines — The net outflow of speculative funds invested in the Philippines slowed by 67.4 percent to $483.45 million in the first quarter amid the improving global economic outlook and the rollout of COVID-19 vaccines, the Bangko Sentral ng Pilipinas (BSP) said. Data released by […]
Read MoreMANILA, Philippines — Consumer price growth likely stayed beyond government expectations in April driven by more expensive meat products, particularly pork, and higher power costs. Inflation likely settled between 4.2%-5.0% this month, economists at the Bangko Sentral ng Pilipinas said on Friday. If the upper-end of the forecast range is realized, that would exceed the […]
Read MoreAs high unemployment seen to linger MANILA, Philippines — The Asian Development Bank (ADB) has joined other international agencies and local think tanks that cut growth projections for the Philippine economy this year. In a virtual briefing yesterday, ADB country director Kelly Bird said the Manila-based multilateral lender has substantially slashed its gross domestic product […]
Read MoreMANILA, Philippines — Where coronavirus spreads the most, the economy in that area tends to falter the deepest. State statisticians on Thursday released regional gross domestic product (GDP) data for last year that when read together with COVID-19 infections by region, showed an undesirable pattern of higher cases tending to result into a bigger economic […]
Read More
Thailand
