As inflation blows past expectations MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is expected to deliver a higher rate hike this month as inflation blew past expectations, hitting a new 14-year high at 8.7 percent in January from 8.1 percent in December, according to S&P Global Ratings and bank economists. In a report, […]
Read MoreMANILA, Philippines (Updated, 11:03 a.m.) — The proportion of jobless Filipinos slightly increased in December last year, although the quality of available jobs significantly improved during a high-spending season for consumers. There were 2.22 million Filipinos who are either unemployed or out of business in December, higher than the preceding month’s 2.18 million, the Philippine Statistics Authority […]
Read MoreCambodia and the Philippines may re-sign the memorandum of understanding (MoU) using the nation-nation mechanism that enables free trade in rice. The subject came up during a three-day Philippines rice market study visit, starting on February 1, of a delegation from the Ministry of Commerce. The Ministry also pitched for exporting rice to the Philippines. […]
Read MoreMONETARY authorities will have to continue raising interest rates after inflation spiked to a higher-than-expected 8.7 percent in January, analysts said. The Bangko Sentral ng Pilipinas’ (BSP) policymaking Monetary Board may have to deliver another 50-basis-point (bps) increase next week instead of the 25 bps initially expected, two economists added. This would raise the policy […]
Read MoreMANILA, Philippines (Updated, 11:35 a.m.) — Inflation unexpectedly got hotter in January as costly utilities during the month overtook expensive food items as the major driver of price growth, dashing hopes that the uptrend would reach its peak soon and would start to ease. Inflation, as measured by the consumer price index, accelerated 8.7% year-on-year in the […]
Read MoreIn order to expand the rice market and exports, a delegation of the Ministry of Commerce and the Cambodia Rice Federation (CRF) visited the Philippines and engaged in negotiations with Philippine officials. The Cambodian delegation was led by Kim Srey Roth, Undersecretary of State of the Ministry of Commerce, Chan Sok Ty, the Royal Government […]
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