The Bangko Sentral ng Pilipinas (BSP) [link], our central bank, said that it expects February inflation to “settle” between 8.5% and 9.3%. Noting that inflation is “still elevated”, the BSP said that the largest upward price pressures would continue to come from LPG prices and basic food items like meat, fish, eggs, and sugar. Due to January’s […]
Read MoreMANILA, Philippines — Growth in factory gate prices eased at the beginning of the year as most industry divisions registered slower increases, the Philippine Statistics Authority (PSA) said. Preliminary data released by the PSA yesterday showed the Producer Price Index (PPI) for manufacturing posted a 4.2-percent growth in January, slower than the 5.1-percent increase in […]
Read MoreMANILA, Philippines — BSP Deputy Governor Mamerto Tangonan said that all BSP-supervised financial institutions (BSFIs) as well as payment service providers (PSPs) are required to comply with BSP Circular 1055 on the adoption of a national QR code standard or QR Ph. The BSP, Tangonan said, issued Resolution 216 on the adoption of QR Ph […]
Read MoreMANILA, Philippines — The growth in Philippine manufacturing activity eased to a three-month low in February amid supply chain concerns and higher costs. In a report released yesterday, S&P Global said the country’s purchasing manager’s index (PMI) remained on expansion mode but slowed to 52.7 in February from 53.5 in January. “The latest reading signaled […]
Read MoreMANILA, Philippines — Moody’s Investors Service has maintained a stable outlook for Philippine banks as the tighter monetary conditions brought about by the aggressive rate hikes by the Bangko Sentral ng Pilipinas (BSP) is not likely to derail the recovery from the impact of the pandemic. In a report on the Philippine banking system, the […]
Read MoreMANILA, Philippines — Inflation is estimated to have edged higher to over nine percent in February and expected to remain elevated this month, according to an economist. Alvin Ang, chair of the Ateneo de Manila University’s Department of Economics, said in an interview with The Chiefs aired over One News, that based on their projections, […]
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