MANILA, Philippines — Spiraling inflation is unlikely to become a big headache for most of the region’s central banks—except in the Philippines, where policymakers continue to wrestle with rising commodity prices that have been hitting the poor the most. Philippine inflation jumped to 6.4 percent in August, the highest level in almost a decade, as […]
Read MoreMANILA, Philippines — Deutsche Bank said inflation likely peaked in August, but the Bangko Sentral ng Pilipinas (BSP) is still expected to deliver more rate hikes until next year. In its latest Asia Macro Insight titled “Rough road ahead,” Deutsche Bank said the central bank may turn more hawkish to rein in rising inflationary expectations. […]
Read MoreMANILA, Philippines — The head of the Philippine Food Processors and Exporters Organization (Philfoodex) wants the government to review current policies, particularly on agriculture, that could help bring down rising costs. In a press conference, Philfoodex president Roberto Amores said that the rising inflation number is a “wake up call” for the government. “Wake up […]
Read MoreMANILA, Philippines — The Philippines’ trade deficit swelled in July, the government’s statistics agency reported Tuesday, after exports barely grew during the month while imports continued its accelerated growth pace. Trade gap in July hit $3.55 billion, wider than $1.31 billion deficit recorded a year ago and June’s $3.19 billion. Total exports grew by measly 0.3 […]
Read MoreMANILA, Philippines — Foreign direct investments (FDI) continued to flow into the country on the back of strong macroconomic fundamentals and growth prospects, rising by more than 42 percent to $5.75 billion in the first half from $4.04 billion a year ago, according to the Bangko Sentral ng Pilipinas. The inflows from January to June […]
Read MoreMANILA, Philippines — Higher fares loom for airline passengers this year as the Civil Aeronautics Board (CAB) is likely to allow local airlines to reimpose fuel surcharge on the back of skyrocketing fuel costs. CAB executive director Carmelo Arcilla said while some legal procedures are still being undertaken, it is possible for the agency to greenlight the […]
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