MANILA, Philippines — The peso is expected to remain resilient as it continues to emerge as the strongest performing currencies in the region amid the pandemic, according to the Bangko Sentral ng Pilipinas (BSP). In an interview with ANC’s Market Edge, BSP Governor Benjamin Diokno said “things are looking good with respect to the peso” […]
Read MoreMANILA, Philippines (UPDATE 12:11 p.m., Oct. 6) — Inflation slowed for the second straight month in September despite key economic centers returning back to business after a brief lockdown the previous month, reflecting a long way back to reviving consumer demand. Consumer prices rose 2.3% year-on-year in September from 2.4% the previous month, the Philippine Statistics Authority […]
Read MoreMANILA, Philippines — Adult joblessness has declined to 39.5% percent of the adult labor force, according to a Social Weather Stations phone survey that reported a record high of 45.5% joblessness in July. SWS said in a release Monday evening that the estimated numbers of jobless adults according to its September 17-20, 2020 National Mobile […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) may maintain the benchmark interest rate at a record low of 2.25 percent until late next year to allow the economy to recover from the impact of the COVID-19 pandemic, according to Fitch Solutions Country Risk & Industry Research. In its latest research note titled “Philippine […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is now expecting a deeper gross domestic product (GDP) contraction of seven to nine percent this year as the economy stalled due to containment measures to slow the spread of COVID-19. In a virtual conference, BSP Governor Benjamin Diokno told members of the Financial Executives of […]
Read MoreMANILA, Philippines — Chronic weakness in global trade amid the pandemic continued to weigh on revenues generated by the Bureau of Customs, although collections were still enough to exceed the government’s tempered target in September. Customs raised P50.2 billion last month, beating the government’s downwardly revised P37.7-billion collection target by 33.2%, the agency said in […]
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