MANILA, Philippines — The Philippine peso could come under pressure anew on the back of the country’s “worsening” external position, a London-based think tank said, adding that the central bank would likely “tread cautiously” as it cuts rates amid gloomy outlook on the local currency. In a commentary sent to reporters Monday, Capital Economics Asia […]
Read MoreThe Hanoitimes – To date, JG Summit has invested US$200 million in Vietnam, employs 3,000 people and exports 50% of its products manufactured in Vietnam. JG Summit Holdings, one of the largest Filipino investors in Vietnam, proposed to invest in the country’s tea industry through public-private partnership (PPP) contracts towards sustainable development, according to Lance Y. […]
Read MoreMANILA, Philippines — Filipino women are pragmatic borrowers likely to close existing liabilities within five to 15 days, a recent financial study reported. International financial group Robocash conducted the study in India, Indonesia, Vietnam and the Philippines to outline the correlation of the terms of loans and the gender of those taking them per country. The study, […]
Read MoreMANILA, Philippines — Remittance growth slowed last April, but remained above the target set by the Bangko Sentral ng Pilipinas (BSP). BSP Governor Benjamin Diokno said personal remittances inched up by 3.7 percent to $2.71 billion in April from $2.62 billion in the same month last year. This was slower than the 6.4 percent growth […]
Read MoreMANILA, Philippines — Local vehicle assemblers see the road to recovery getting clearer despite nearly flat sales in the first five months of the year. The joint report of the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and the Truck Manufacturers Association (TMA) released yesterday showed combined sales reached 142,185 units as of […]
Read MoreMANILA, Philippines — The country’s external debt almost booked a double-digit increase in the first quarter of the year as the government continues to borrow more from foreign lenders, the Bangko Sentral ng Pilipinas (BSP) reported over the weekend. BSP Governor Benjamin Diokno said the outstanding external debt of the Philippines stood at $80.43 billion […]
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