MANILA, Philippines — The tourism comeback is expected to be a significant growth driver for the Philippines this year, according to S&P Global Market Intelligence. In a report released yesterday, S&P Global Market Intelligence Asia-Pacific chief economist Rajiv Biswas said the easing of pandemic-induced travel restrictions last year has allowed a gradual reopening of both […]
Read MoreMANILA, Philippines — While most economists are convinced the Bangko Sentral ng Pilipinas (BSP) has ended its tightening cycle by keeping key policy rates steady over the past two months, some still believe the door for rate hikes remains open. Moody’s Analytics said the BSP’s Monetary Board remains hawkish as it stands ready to respond […]
Read MoreTo manage risks MANILA, Philippines — The Bankers Association of the Philippines (BAP) has launched a new facility, allowing members and customers to better manage foreign exchange and interest rate risks. In a statement, the group said that it has introduced the dollar-peso cross-currency swap (USDPHP CCS) market that would allow banks to utilize hedging […]
Read MoreMANILA, Philippines — Collections from the proposed junk food tax and higher levies on sweetened drinks should be used to support the research and development and production of cheaper nutritious food and food supplements, according to a business group. In a Viber message over the weekend, Management Association of the Philippines (MAP)-president Benedicta Du-Baladad expressed […]
Read MoreMANILA, Philippines — The Department of Agriculture (DA) is opening more export markets and investment opportunities for local high value crops to carve a position in the global market. The country is negotiating to export more high value crops after “determined strides” last year that opened opportunities for cash crops, DA Undersecretary for policy, planning, […]
Read MoreMANILA, Philippines — Economists of foreign banks expect a prolonged high interest rate regime in the Philippines, as they ruled out possible rate cuts by the Bangko Sentral ng Pilipinas (BSP) this year due to upside inflationary risks. Nalin Chutchotitham, economist for the Philippines and Thailand at Citi, said the BSP is likely to maintain […]
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