MANILA, Philippines — Clothing retail, food and other commercial businesses that have benefitted from the growing offshore gaming industry in the country are likely to take a hit from the ongoing crackdown on the controversial sector, analysts told The STAR. This developed as property giants assured their investors that their exposure to the Philippine Offshore […]
Read MoreMANILA, Philippines — Moody’s Investors Service expects central banks in the region, including the Philippines, to continue calibrating monetary policies against the backdrop of slower economic growth in Asia Pacific. In its latest regional growth update, Moody’s senior vice president Christian de Guzman said the gross domestic product (GDP) growth forecast for the region has […]
Read MoreMANILA, Philippines — Foreign portfolio investors continued to shun the Philippines as net outflows reached $671.5 million in the first seven months, reversing the net inflow of $458.55 million in the same period last year, according to the Bangko Sentral ng Pilipinas (BSP). This despite the $15.02 million net inflow recorded in July that ended […]
Read MoreMANILA, Philippines — Economic growth may continue to slow down and settle below five percent next year, if Congress once again fails to approve the proposed 2020 budget on time, according to the National Economic and Development Authority (NEDA). Responding to a question by House minority leader Bienvenido Abante during a hearing with the House […]
Read MoreMANILA, Philippines — There should be no price increase in pork products even as the government has started culling hogs to contain the possible entry of the dreaded African swine fever. The Samahang Industriya ng Agrikultura said there has been no movement in prices after the Department of Agriculture directed the culling of hogs in […]
Read MoreMANILA, Philippines — Treasury bills fetched lower rates across all tenors amid easing domestic inflation and expectations of further monetary policy easing in the country and abroad, the Bureau of the Treasury (BTr) said yesterday. During yesterday’s auction, rates for the bellwether 91-day securities averaged 3.254 percent, 14.4 basis points lower than 3.398 percent the […]
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