MANILA, Philippines — Money sent home by Filipinos overseas inched up in September as they rushed to support their families weathering the impact of expensive consumer prices. Remittances coursed through banks inched up 3.8% year-on-year to $2.84 billion in September, the Bangko Sentral ng Pilipinas reported Tuesday. This, however, was slower than 4.3% recorded in […]
Read MoreMANILA, Philippines — The Philippine central bank has joined the push for a regional payment connectivity among member economies of the Association of Southeast Asian Nations (ASEAN). The Bangko Sentral ng Pilipinas (BSP), Bank Indonesia (BI), Bank Negara Malaysia (BNM), Monetary Authority of Singapore (MAS) and Bank of Thailand (BOT) have agreed to strengthen and […]
Read MoreTHE Philippines’ lower house of Congress approved on Monday (Nov 14) a measure that would slap taxes on single-use plastics, in step with President Ferdinand Marcos Jr’s commitment to tackle ocean pollution. A tax of 100 pesos (S$2.41) would be levied on firms for every kilogram of single-used plastics that they produce or import, the […]
Read MoreAs inflation continues to accelerate MANILA, Philippines — Economists are expecting the central bank to deliver another huge 75-basis-point hike on Thursday, as pre-announced by Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla. Security Bank chief economist Robert Dan Roces said the aggressive rate hike is justified as inflation accelerated to a 14-year high […]
Read MoreMANILA, Philippines — The government paid less debts during the nine-month period of the year largely due to a decline in principal amortization. Data from the Bureau of the Treasury showed the government slashed its debt payments by 7.67 percent to P889.85 billion in January to September from P963.78 billion in the same period last […]
Read MoreMANILA, Philippines — The Philippines may raise its beer imports by more than a third this year amid increasing demand due to the resumption of economic activities and the country’s young and growing population, the United States Department of Agriculture (USDA) said. In the latest report by its Foreign Agricultural Service (FAS), the USDA said […]
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