High inflation and rising interest rates took center stage in the past month as these are viewed as major risks for the Philippines. Investors and economists paid close attention to the release of our country’s inflation data last week as rising prices have started to affect all Filipinos. Last Friday, the Philippine Statistics Authority reported […]
Read MoreMANILA, Philippines — DBS Bank Ltd. of Singapore said the Philippines’ economic growth would ease further while inflation would continue to soar in 2019, if the price of oil hits $100 per barrel as the US ratchets up sanctions on Iran. In its economics and weekly strategy titled “How will Asia cope with $100 oil,” […]
Read MoreMANILA, Philippines — Nomura Securities Ltd. has raised its inflation forecasts over the next two years amid the persistence of higher oil prices, weather-related disruptions, and strong demand conditions. Euben Paracuelles, economist at Nomura, said in a report titled “Philippines: Inflation still soaring in September” inflation may hit 5.4 percent this year and 4.2 percent […]
Read MoreMANILA, Philippines — Standard Chartered Bank expects the Bangko Sentral ng Pilipinas (BSP) to deliver two more rate hikes this year as inflation is expected to peak at 7.4 percent in December. Chidu Narayanan, economist for Asia at Stanchart, said the central bank is expected to respond to higher inflation, breaching seven percent in the […]
Read MoreMANILA, Philippines — The Philippine Chamber of Commerce and Industry, Philippine Exporters Confederation Inc. and Philippine Food Processors and Exporters Confederation lauded government’s move to remove non-tariff barriers on imports of agricultural products. In a statement yesterday, the groups said the issuance of Administrative Order (AO) 13 by President Duterte to lift the non-tariff barriers […]
Read MoreMANILA, Philippines — The World Bank has downgraded its growth forecast for the Philippines to 6.5 percent this year amid rising global uncertainties and domestic inflationary pressures. The multilateral lender last April projected a 6.7 percent economic expansion for the Philippines in 2018. The growth outlook of 6.7 percent in 2019 and 6.6 percent in 2020, however, were […]
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