MANILA, Philippines — Six out of 10 Filipinas manage their own household’s budget, but only two of 10 are able to put money into savings, according to a study commissioned by Insular Life Assurance Co. Ltd. (InLife). Citing the results of the Sheroes Landmark Study on Women, InLife executive vice president and Insular Health Care […]
Read MoreMANILA, Philippines — Growth in consumer prices further eased to 2.4 percent in July, the slowest in two years, on the back of cheaper rice, fuel and utilities, the Philippine Statistics Authority (PSA) said in a report yesterday. July’s headline inflation slid further from 2.7 percent in June and 5.7 percent a year earlier, bringing […]
Read MoreMANILA, Philippines — The Philippines is vulnerable to the full-blown trade war between the US and China as well as the ongoing global currency war, according to S&P Global Ratings. S&P director Andrew Wood, in a live webcast said the heightened trade tension between Washington and Beijing could complicate things in emerging markets, including the […]
Read MoreCentral banks in emerging Asia are poised to cut interest rates as they bolster their economies against a wave of global threats. India and the Philippines are expected to cut rates by 25 basis points this week. Thailand, which is likely to keep borrowing costs unchanged on Wednesday, may signal its willingness to ease going […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas may cut interest rates by at least 50 basis points more this year as telegraphed by Bangko Sentral ng Pilipinas Governor Benjamin Diokno due to easing inflation, according to debt watchers and economists of investment banks. Andrew Wood, director at S&P Global ratings, said in a live […]
Read MoreMANILA, Philippines — Manufacturing contracted in June as lower output were registered in petroleum products, furniture and fixtures, and basic metals, the Philippine Statistics Authority (PSA) said yesterday. Industrial output, as measured by the Volume of Production Index (VoPI), registered a negative 10.5 percent growth in June, reversing the 9.8 percent expansion in the same […]
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