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Philippines: June inflation seen at 2.4-3.2% in June

MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) said it expects inflation to hover at a range of 2.4 percent to 3.2 percent in June following lower fuel and energy prices. “The BSP forecast suggests that June inflation could settle within the 2.4 to 3.2 percent range,” BSP Governor Amando Tetangco Jr. said in […]

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Philippines: FCDU loans up 14.7% as of end-March

MANILA, Philippines – Foreign currency loans extended by local banks continued to grow as of end-March as disbursements exceeded principal repayments, the Bangko Sentral ng Pilipinas (BSP) said over the weekend. BSP Governor Amando Tetangco Jr. said outstanding loans granted by foreign currency deposit units (FCDUs) of banks reached $14.35 billion as of end-March, 14.7 […]

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Foreign biz chambers remain bullish on Philippines growth

MANILA, Philippines – Foreign businessmen are keeping their bullish prospects for the country intact as they commended the Duterte administration’s first year performance despite noting a couple of moves deemed “inappropriate.” “We acknowledge the notable achievements of the current administration thus far. With this, it is fair to say that they have done a commendable […]

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Philippines: GOCC remittances drop 32% in 5 months

MANILA, Philippines – Government-owned and controlled corporations remitted lower dividends to the national government in the first five months despite a recovery in May, according to the Bureau of the Treasury (BTr). Based on the latest Treasury data, state corporations remitted P18.64 billion in dividends from January to May, 32.83 percent lower than the P27.75 […]

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Philippines, Thailand plan agri collaborations

MANILA, Philippines – The Philippines may undertake future collaborations with the Thailand government to improve its agriculture sector. In a statement, the Philippine Carabao Center (PCC) said it was able to identify the areas it may collaborate on with Thailand, following its meeting with the Department of Livestock DevelopmentThailand. Among the areas of collaboration identified […]

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