MANILA, Philippines — With inflation remaining elevated until the first half of next year, the Bangko Sentral ng Pilipinas (BSP) expects the tightening cycle to extend beyond the first quarter. In an interview with reporters, BSP Governor Felipe Medalla said he is not ruling out more interest rate hikes in the first two rate-setting meetings […]
Read MoreBANGKOK, Thailand — Low-cost airline AirAsia Philippines, together with the Tourism Authority of Thailand (TAT), is now offering special flight rates for Filipino travelers to come to the “Land of Smiles”. In enticing more tourists to visit Thailand, AirAsia Philippines offers a P1,612 one-way base fare for bookings made until January 8, 2023 as well […]
Read MoreRETAIL prices of pork are expected to drop next year following the extension of reduced tariffs that were supposed to expire this month, a senior Agriculture department official said on Tuesday. Liempo (pork belly), for example, will likely sell at a lower P300 to P320 per kilo from the current P320 to P340, Agriculture Undersecretary […]
Read MoreMANILA, Philippines — The country’s economic growth may exceed the target set by the government for this year, given its latest performance and expectations of strong growth in the last quarter of the year, the National Economic and Development Authority (NEDA) said. In a briefing yesterday, NEDA Secretary Arsenio Balisacan said the country’s average gross […]
Read MoreMANILA, Philippines — The Philippines dug itself into a deeper dollar deficit in November as foreign currency swings sent the national government’s debt payments in pricey territory. The country’s balance of payments (BOP) amounted to a deficit of $756 million in November, wider compared with the $123 million deficit a year ago, the Bangko Sentral […]
Read MoreMANILA, Philippines — Inflation may remain elevated next year, staying well above the two to four percent target set by the Bangko Sentral ng Pilipinas (BSP), according to New York-based think tank Global Source Partners Inc. In a report, former finance undersecretary Romeo Bernardo, country analyst at GlobalSource, said that inflation may remain elevated at […]
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