MANILA, Philippines — Monetary authorities are expected to cut interest rates first before further lowering the level of deposits banks are required to keep with the Bangko Sentral ng Pilipinas (BSP). BSP Governor Benjamin Diokno told reporters on the sidelines of the Philippines Investment Forum organized by Euromoney that the additional reduction to the reserve […]
Read MorePotential growth in next 3 years, says Diokno MANILA, Philippines — The country’s economic growth potential is projected to rise even further in the next three years as the economy has been transformed into one of the most resilient economies in the region and the world by a long list of structural reforms, according to […]
Read MoreMANILA, Philippines — The Philippines saw its trade facilitation score go up in this year’s United Nations (UN) Global Survey on Digital and Sustainable Trade Facilitation amid improvements in four out of five categories tracked by the report. This year’s report showed the Philippines got a trade facilitation score of 80.65 percent, up from 69.89 […]
Read MoreMANILA, Philippines — Local consumers will not feel the burden of higher prices of rice even if the government imposes safeguard duties on imports. The Federation of Free Farmers (FFF) allayed fears that rice prices will increase once safeguard duties are imposed on rice imports. This as Trade chief Ramon Lopez and consumer groups said […]
Read MoreMANILA, Philippines — The value of counterfeit goods seized by the government reached close to P14 billion in the January to July period, with cigarettes and alcohol products topping the haul, according to the Intellectual Property Office of the Philippines. IPOPHL said the counterfeit items worth P13.73 billion confiscated by the National Committee on Intellectual […]
Read MoreMANILA, Philippines — Fitch Solutions Macro Research expects the Philippines to incur a wider budget deficit next year as the 2020 national budget supports President Duterte’s desire to transform the country into an upper middle-income economy. The unit of the Fitch Group said the Philippines may incur a wider budget shortfall of 3.5 percent of […]
Read More
Thailand
