MANILA, Philippines — Any further monetary measures will continue to have limited impact unless business and consumer confidence recovers significantly, according to the Bangko Sentral ng Pilipinas. BSP Governor Benjamin Diokno said the aggressive easing measures implemented by the central bank last year have limited impact on credit and private spending as the country implemented […]
Read MoreMANILA, Philippines — A spike in inflation would typically prompt Filipino workers to call for a wage hike. But not this year. Some labor groups are holding back from asking for an increase in daily minimum wage last adjusted nearly 3 years ago over fears doing so would only exacerbate business shutdowns, leaving them jobless and […]
Read MoreMANILA, Philippines — At least 26 new mining projects will start development this year even as several stumbling blocks have yet to be resolved. Mines and Geosciences Bureau (MGB) director Wilfredo Moncano told The Star 26 new mining projects have complied with the documentary requirements, allowing them to proceed with development. “These are MPSAs (mineral […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) will likely keep rates on hold until next year as real interest rates in the country are already in negative territory, an international think tank said. In a new Asia Pacific research brief, UK-based Oxford Economics said that in countries like India and the Philippines, negative […]
Read MoreMANILA, Philippines — The Philippines ranked 96th out of 152 economies in the Business-to-Consumer (B2C) E-Commerce Index 2020 released by the UN Conference on Trade and Development (UNCTAD), lagging behind most of its neighbors in Southeast Asia in terms of readiness to support online shopping. Within Southeast Asia, the Philippines trailed behind Singapore which placed […]
Read MoreMANILA, Philippines — The head of the country’s central bank said an accommodative monetary stance remains in place as it is too early to raise interest rates. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said in an interview with Bloomberg Television it is too early to hike rates as monetary authorities are focused on […]
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