MANILA, Philippines — The government’s debt payments in the first nine months exceeded P1 trillion following the repayment of the P300 billion short-term loan from the Bangko Sentral ng Pilipinas (BSP), according to the Bureau of the Treasury (BTr). Based on BTr data, debt service from January to September amounted to P1.13 trillion, a dramatic […]
Read MoreMANILA, Philippines — The peso may weaken and move closer to the 49 to $1 level toward the end of the year due to stronger imports as demand is expected to recover amid the easing of lockdown measures, according to Bank of the Philippine Islands lead economist Jun Neri. “Dollar demand may pick up and […]
Read More[MANILA] The Philippines sees growth picking up in the current quarter after virus restrictions were eased, even as data due Tuesday is likely to show the economy continued to contract in the three months through September. The government expects its move last month to loosen curbs on movement and reopen more businesses “will have a […]
Read MoreMANILA, Philippines — Business groups are hopeful the election of Joe Biden as new US president would pave the way for stronger trade ties with the Philippines, as well as greater global cooperation. American Chamber of Commerce of the Philippines Inc. senior advisor John Forbes said yesterday that while the group expects Biden to look […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) may hold off any interest rate adjustments until next year as previous aggressive cuts to soften the impact of the pandemic have yet to be absorbed by the economy, economists said. ING Bank Manila senior economist Nicholas Mapa said the BSP is not likely to adjust […]
Read MoreMANILA, Philippines — Consumer prices rose at a faster pace last month, driven by higher food and transport costs, the Philippine Statistics Authority (PSA) said yesterday. In its report, the PSA said headline inflation the rate of change in the average prices of goods and services typically purchased by consumers quickened to 2.5 percent in […]
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