MANILA, Philippines — The affirmation of the Philippines’ investment grade rating by Fitch Ratings reflects a credible economic policy framework, strong economic growth and sound external finances, according to economic managers. Bangko Sentral ng Pilipinas Governor Felipe Medalla said the BSP “consistently signals to the market its unwavering commitment to use the tools at its […]
Read MoreMANILA, Philippines — A new poll showed that 11.3% of Filipino families or an estimated 2.9 million experienced “involuntary hunger” moving into the third quarter of 2022. The survey, the first of its kind conducted under the administration of President Ferdinand Marcos Jr., showed that people who reported that their family experienced hunger and did […]
Read MoreMANILA, Philippines — Rising interest rates and higher construction costs are among the headwinds in the country’s residential property market due to their potential impact on mortgage rates, according to a professional services and investment management firm. “Colliers believes that developers need to be cautious with rising interest and mortgage rates, and the potential impact […]
Read MoreMANILA, Philippines — Remittance inflows to developing Asian countries from overseas workers are expected to continue to grow this year, while deployment of migrant workers from the region disrupted by restrictions imposed due to COVID-19 is expected to return to pre-pandemic levels amid the resumption of economic activities, the Asian Development Bank (ADB) said. In […]
Read MoreMANILA, Philippines — Inflation likely breached the seven percent level in October on the back of transport fare hikes, elevated domestic petroleum prices, higher agricultural commodity prices due to recent typhoons, and the depreciation of the peso, according to the Bangko Sentral ng Pilipinas. BSP Governor Felipe Medalla said inflation last month likely settled within […]
Read MoreMANILA, Philippines — The telco industry has asked President Marcos to allocate a yearly budget not only for physical infrastructure, but also for digital assets to achieve his push for universal connectivity. PLDT president and CEO Alfredo Panlilio told The STAR that telco executives in the Private Sector Advisory Council have requested that the government […]
Read More
Thailand
