MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) may be underestimating the country’s inflation risks as high oil prices will soon be the problem, prompting consumer prices to surpass government targets. In its latest economic monitor, UK-based Pantheon Macroeconomics said the BSP is very slowly taking near-term inflation risks seriously, evident in its modest […]
Read MoreMANILA, Philippines — The Philippines remains poised to suspend tariff concessions on Thai products entering the country if needed, even as it is closely watching the facilitator-led process to resolve Thailand’s compliance issues regarding a World Trade Organization (WTO) decision on a cigarette tax case, the Department of Trade and Industry (DTI) said. Trade Undersecretary […]
Read MoreMANILA, Philippines — More Filipinos went jobless and people already working were looking for bigger earnings in a sign people were merely getting by during the crisis. An estimated 4.2 million people were reported unemployed in February, up from 4 million in January even as the economy was already reopened and businesses had long restarted, […]
Read MoreMANILA, Philippines — Moody’s Investors Service warns that delayed recovery from the pandemic-induced recession, as the number of COVID-19 infections soars to new record levels, is credit negative for the Philippines. In its latest issuer comment, the debt watcher said the new pandemic containment measures last March 22, including a ban on mass gatherings and […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is seen maintaining an accommodative stance to help rejuvenate the economy amid a surge in COVID-19 infections, according to Fitch Solutions and Moody’s Analytics. In its latest commentary, Fitch Solutions Country Risk & Industry Research said the central bank’s Monetary Board is likely to keep its […]
Read MoreThe Philippines placed the Manila region and nearby provinces under lockdown for a week from Monday to stem the nation’s worst coronavirus surge that’s overwhelming hospitals in its key economic area. The national capital region and the adjacent Bulacan, Cavite, Laguna and Rizal provinces will be under an enhanced community quarantine or ECQ, the nation’s […]
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