MANILA, Philippines — Economists further raised their inflation forecasts over the next two years after the higher-than-expected inflation print in January, according to results of the survey conducted by the Bangko Sentral ng Pilipinas (BSP) for February. Dennis Lapid, officer-in-charge of the BSP’s Department of Economic Research (DER), said the survey for February showed that […]
Read MoreMANILA, Philippines — The country imported more chicken meat in January, but overall meat importation was lower year-on-year, based on the latest Bureau of Animal Industry (BAI) data. The BAI data showed the country imported 76.52 million kilos of meat and meat products last month, 10.8 percent lower versus the 85.82 million kilos shipped in […]
Read MoreMANILA, Philippines — The Philippines has long been ready to participate in the Regional Comprehensive Economic Partnership (RCEP), according to the head of the Department of Trade and Industry (DTI). “I think the Philippines has been ready for some time (for RCEP),” Trade Secretary Alfredo Pascual said in a television interview with ANC. “Our neighboring […]
Read MoreBSP key rate hits 6% MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) remained hawkish as it raised key policy rates by another 50 basis points yesterday to hit its highest level in almost 16 years, a strong follow-through monetary policy response as inflation is now expected to accelerate further to above six percent […]
Read MoreMANILA, Philippines — The Philippines has reaffirmed its commitment to international tax transparency standards as it intends to join the Global Forum’s Asia Initiative. By joining the initiative, Finance Secretary Benjamin Diokno said that the Philippines reaffirms its commitment to the full and effective implementation of international tax transparency of the Global Forum as well […]
Read MoreMANILA, Philippines — Investment commitments from foreign firms registered with investment promotion agencies (IPAs) rose by 30 percent year-on-year in the fourth quarter, leading to a 26 percent growth in the full-year 2022 tally amid the reopening of the economy. Data released by the Philippine Statistics Authority (PSA) showed a total of P241.89 billion worth […]
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