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Philippines: BSP sees inflation rising until Q3

MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) sees inflation rising closer to the upper end of the two to four percent target until the third quarter due to elevated oil and food prices. BSP Governor Amando Tetangco Jr. said in his speech during the economic briefing 2017 and general membership meeting of the […]

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Philippines: Businessmen upbeat on Philippine economy – MBC

MANILA, Philippines – Business executives in the country remain highly optimistic in their outlook on the Philippine economy despite anticipation of higher inflation and interest rates this year coupled with a critical outlook on trade, a survey conducted by the Makati Business Club (MBC) showed. MBC’s First Semester Executive Outlook Survey for 2017, released yesterday, […]

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Businessmen upbeat on Philippine economy – MBC

MANILA, Philippines – Business executives in the country remain highly optimistic in their outlook on the Philippine economy despite anticipation of higher inflation and interest rates this year coupled with a critical outlook on trade, a survey conducted by the Makati Business Club (MBC) showed. MBC’s First Semester Executive Outlook Survey for 2017, released yesterday, […]

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Philippines: Slower growth seen for Q1

MANILA, Philippines – Dutch financial giant ING Bank expects a slower growth of six to 6.2 percent for the Philippine economy in the first quarter due to moderate government spending and higher unemployment. Joey Cuyegkeng, senior economist at ING Bank Manila, said the investment bank’s gross domestic product (GDP) growth forecast for the first quarter […]

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Philippines: Consumer confidence slips in Q1

MANILA, Philippines – Filipino consumers turned less optimistic in the first quarter of the year after the confidence index soared to an all-time high in the fourth quarter of 2016, the Bangko Sentral ng Pilipinas (BSP) reported yesterday. Teresita Deveza, deputy director of the BSP’s Department of Economic Statistics (DES), said Filipino consumers are less […]

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