MANILA, Philippines — The ANZ Research raised its 2018 inflation forecast for the Philippines to 4.6 from the original target of 4.1 percent despite the lower-than-expected inflation in May. Shashank Mendiratta, economist for Asia at ANZ, said the 4.1 percent average inflation in the first five months is above the two to four percent target […]
Read MoreDue To Weak Peso, High Oil Prices MANILA, Philippines — Listed consumer companies hinted of more price hikes for their food and beverage products as they are getting increasingly worried over rising inflation, high oil prices and the weakening of the peso against the dollar. Some of the listed consumer firms have already reported lower-than-expected […]
Read MoreMANILA, Philippines — Jakarta-based Bank Mandiri has expressed interest to put up a branch in the Philippines four years after the country’s banking industry was fully opened up to foreign banks almost four years ago. Representatives of the largest state-owned Indonesian bank recently met with Finance Secretary, and Monetary Board member, Carlos Dominguez III as […]
Read MoreMANILA, Philippines — Inflation likely further accelerated to 4.9 percent in May due to increased prices of food, transportation, and sin products, the Department of Finance (DOF) said over the weekend. In its latest economic bulletin, the DOF said inflation last month may have settled at 4.9 percent, the highest since 2013 under the 2012 […]
Read MoreThe Bangko Sentral ng Pilipinas yesterday said annual inflation rate in May would likely remain outside its 2 to 4 percent comfort range due to higher fuel and rice prices. The BSP forecast an inflation range of 4.6 to 5.4 percent for May, above the 4.5 percent reading in April, which was the fastest in […]
Read MoreInfrastructure, other capital spending up 95.9 percent in April Infrastructure and other capital expenditures surged in April, the Budget department reported on Wednesday, with the government said to be keeping its “foot on the gas pedal” with regard to promises to boost outlays for economic development. Spending was said to have hit P65.6 billion during […]
Read More
Thailand
