MANILA, Philippines — Inflation remained elevated last month, likely settling between 7.5 and 8.3 percent, as higher electricity, water, fuel and food prices continue to hound consumers, according to the Bangko Sentral ng Pilipinas (BSP). The BSP said the upward price pressures in January emanated from higher electricity rates, approved water rate rebasing, higher domestic […]
Read MoreMANILA, Philippines — Local factories opened the year strong, with output soaring to a 7-month high as the economy’s reopening brightened the sector’s prospects. A survey of around 400 manufacturers in the country found that the Philippines’ Purchasing Managers’ Index (PMI), a gauge of manufacturing output, grew 53.5 in January from 53.1 in December, S&P […]
Read MoreMANILA, Philippines — Factory gate prices’ growth eased in December from the previous month, due to slower increases in 15 industry divisions, the Philippine Statistics Authority (PSA) said. Preliminary data released by the PSA yesterday showed the Producer Price Index (PPI) for manufacturing posted a 5.1 percent growth in December, slower than the 6.2 percent […]
Read MoreDespite predictions of global economic downturn MANILA, Philippines — The International Monetary Fund (IMF) is maintaining its growth outlook for the Philippines over the next two years despite predictions of a global economic downturn. IMF resident representative Ragnar Gudmundsson said the multilateral lender expects gross domestic product growth in the country to slow down to […]
Read MoreMANILA, Philippines — Banks are now feeling the pinch of higher interest rates as credit growth slowed to 13.4 percent in December from 13.9 percent in November, the Bangko Sentral ng Pilipinas (BSP) said. Preliminary data released by the central bank showed loans released by universal and commercial banks reached P10.9 trillion in end-2022, which […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas is keeping its eyes peeled on consumer price growth at the start of 2023, as its projection left room for an uptick in January. In a statement on Tuesday, the BSP projected inflation would land between 7.5-8.3% in January. This means that this month’s reading could see […]
Read More
Thailand
