nestor-espenilla
Read More

Philippines: BSP keeps focus on inflation target

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) reiterated it is not expected to move in synch with the tightening moves of some central banks in advanced economies. BSP Governor Nestor Espenilla Jr. said monetary authorities are focused on promoting price and financial stability conducive to a balanced and sustainable economic growth. “Our monetary […]

Read More
power-plant-transmission-lines
Read More

Philippines: Gov’t urged to address high power rates

MANILA, Philippines — The Philippines will continue to lag behind Asian neighbors in socio-economic development unless government takes proactive reforms to address the country’s  high power cost – considered the most expensive in the world, according to Meralco PowerGen Corp. (MGen) senior vice president for commercial and planning Chrysogonus Herrera. “We are at the bottom […]

Read More
not-all-deficits
Read More

Philippines: Not all deficits are created equal

MANILA, Philippines — A celebrated playwright and coincidentally one of the founders of London School of Economics and Political Science (LSE), George Bernard Shaw once famously quipped “If all economists were laid end to end, they would not reach a conclusion.”  Economics as a field has been characterized by a number of disagreements. One only […]

Read More