Despite a surprise uptick in December inflation in the Philippines, ANZ and Barclays analysts both maintain that the central bank still has room to ease its monetary policy in Q1 2020. Barclays said the Bangko Sentral ng Pilipinas (BSP) can cut rates only once in 2020, most likely on Feb 6, due to the risks […]
Read MoreMANILA, Philippines — Consumer prices rose at a faster pace in December 2019, driven by brisk holiday spending and supply constraints caused by recent typhoons, the Philippine Statistics Authority (PSA) said yesterday. In its report, PSA said headline inflation – the rate of change in the average prices of goods and services typically purchased by […]
Read MoreMANILA, Philippines — Economists expect the peso to weaken to 53 to $1 this year amind the escalating tension between US and Iran. Philippine National Bank economist Jun Trinidad said the peso is expected to drift back to the 52 to 53 range against the dollar especially with the escalating tension between the US and […]
Read MoreMANILA, Philippines — The Philippines and Cambodia are conducting negotiations for an agreement which seeks to prevent double taxation on individuals or companies covered by both jurisdictions, according to the Department of Finance (DOF). According to the DOF, both countries may soon reach an agreement on double taxation following the second round of negotiations between […]
Read MoreMANILA, Philippines — Consumer prices for the country’s poorest households rose at a faster pace in November 2019, with prices accelerating more in areas outside Metro Manila, the Philippine Statistics Authority (PSA) reported yesterday. The growth in the Consumer Price Index (CPI) for the bottom 30 percent income households accelerated to 1.7 percent in November […]
Read MoreMANILA, Philippines — Dutch financial giant ING Bank expects inflation and bond yields to rise as a result of a stronger economic performance for this year. “With the domestic speed bumps in the rear view mirror, we can expect growth to pickup in 2020 and return to six percent firing on all cylinders form. The […]
Read More
Thailand
