Darren Lee, Regional Director (Manila) of Enterprise Singapore, sheds some light on doing business in the Philippines. 1. What are some of the latest developments in the Philippines right now? In Q1 2018, the Philippines reported a GDP growth of 6.8%. The latest growth rates show that the country has enjoyed 6 consecutive years of […]
Read MoreMANILA, Philippines —The International Monetary Fund (IMF) has retained its economic growth forecast for the Philippines this year and expects it to pick up in 2020 on higher government spending as well as policy easing by the Bangko Sentral ng Pilipinas (BSP). IMF mission chief Thomas Helbling said in a press conference that the country’s […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) decided yesterday to step on the brake pedal, keeping its interest rates unchanged to monitor the impact of previous monetary actions. In a press briefing, BSP officer-in-charge Francisco Dakila Jr. said the central bank believes that prevailing monetary view settings remain appropriate. The overnight reverse repurchase […]
Read MoreMANILA, Philippines — The country’s group of vehicle assemblers achieved its highest monthly sales for the year in October, up nearly four percent from a year ago amid higher demand for both passenger cars (PC) and commercial vehicles (CV). Data released yesterday showed combined sales of the Chamber of Automotive Manufacturers of the Philippines Inc. […]
Read MoreMANILA, Phillipines — A trade war may be brewing between the Philippines and Thailand as the Department of Trade and Industry (DTI) is considering the imposition of duty on vehicle imports from Thailand as a retaliatory measure for the latter’s failure to comply with a World Trade Organization (WTO) decision on a cigarette tax case […]
Read MoreMANILA, Phillipines — Economists said the Bangko Sentral ng Pilipinas (BSP) may step on the brake pedal and keep interest rates unchanged today, as the easing cycle is expected to resume next year. ING Bank Manila senior economist Nicholas Mapa said the BSP is expected to hold fire after unloading a salvo of rate cuts […]
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