MANILA, Philippines — Despite the onslaught of Typhoon Ompong so close to the holiday season, inflation is still expected to ease in the fourth quarter, economic managers said yesterday. In a press briefing, economic managers expressed confidence that Ompong’s impact on food prices may ease with the implementation of non-tariff measures meant to address supply […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is holding its rate-setting meeting as scheduled next week, vowing stronger action to curb rising inflationary expectations. In an interview with reporters on the sidelines of the signing of the memorandum of agreement expanding the Negosyo Center financing ecosystem, BSP Governor Nestor Espenilla Jr. said the Monetary Board […]
Read MoreMANILA, Philippines — The national government borrowed P44.4 billion from both domestic and foreign lenders last July, data from the Bureau of the Treasury showed. Government borrowings rose more than three times to P44.4 billion in July from the P14.21 billion in the same month last year. This brought total gross borrowings to P505.26 billion […]
Read MoreMANILA: The embattled Philippine peso needs a break and it may soon get one. More than 10 million overseas Filipinos are preparing to send record amounts of money home for the Christmas and New Year holidays – a period when remittances pick up – with analysts from MUFG Bank Ltd. and Standard Chartered Plc saying those funds will […]
Read MoreMANILA, Philippines — The Philippines is the “only non-outperforming economy” in the region, McKinsey Global Institute said in its latest report, which noted that the country has the potential to stand out should it maintain its accelerated growth pace. Seven economies achieved or exceeded real annual per capita gross domestic product growth of 3.5 percent […]
Read MoreMANILA, Philippines — Foreign portfolio investment inflows hit a four-month high of $225.85 million in August, reversing a net outflow of $57.52 million in the same month last year on the back of good second quarter corporate earnings results. According to the Bangko Sentral ng Pilipinas (BSP), last month’s foreign portfolio or hot money inflow […]
Read More
Thailand
