Foreign portfolio investments swung to a net inflow of $1.13 billion in March, the highest in more than three years, after the government successfully raised P12 billion ($230 million) from the maiden issuance of Panda bonds, the Bangko Sentral ng Pilipinas (BSP) reported yesterday. The latest figure was the highest since the country registered a […]
Read MoreMANILA, Philippines — Deficit in the Philippines’ external payments position persisted in March 2018, putting the three-month tally above the central bank’s full-year deficit ceiling on the back of ballooning trade gap. Data released by the Bangko Sentral ng Pilipinas show the country’s overall balance of payments position, or BOP, swung to a $266 million […]
Read MoreMANILA, Philippines — Wholesale prices of commodities increased at a slower pace in February due largely to the decline in the prices of crude materials, the National Statistics Office reported. Data from the NSO showed that the general wholesale price index (GWPI) grew five percent from 7.5 percent. The crude materials index except fuels continued […]
Read MoreMANILA, Philippines — E-recruitment activities in the Philippines further picked up in the first two months of the year on the back of bullish outlook on the country’s economy, according to online hiring website Monster.com. Based on data provided by the Monster Employment Index, which was released on Thursday, hiring sentiment in the country posted […]
Read MoreMANILA, Philippines — The weak peso and higher inflation may prompt the Bangko Sentral ng Pilipinas (BSP) to finally raise interest rates next month. Philip Wee, foreign exchange strategist at DBS Bank Ltd., said the market is positioning for a possible rate increase by the central bank next month. “As for the next central bank […]
Read MoreMANILA, Philippines — The Philippines needs more investments in infrastructure and human capital, particularly upgrading the skill sets of workers for higher-paying jobs to be able to counter risks of an overheating economy, the World Bank Group said. In a press conference Monday, World Bank lead economist Birgit Hansl, who is also program leader for […]
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