Inflation could still breach 4.0 percent, a senior Bangko Sentral ng Pilipinas (BSP) official indicated, likely peaking in the July-September period. “In terms of our preliminary estimates on the monthly movements of inflation, we expect inflation to peak by the third quarter,” central bank Deputy Governor Diwa Guinigundo told reporters. “Thereafter, we should be seeing […]
Read MoreThe Bangko Sentral ng Pilipinas (BSP) cannot continue holding off interest rate hikes and will likely announce adjustments beginning May this year. Japan’s Nomura, Fitch unit BMI Research and banking giant HSBC said they continue to expect rate increases before the end of 2018 given rising inflation, The central bank’s policymaking Monetary Board last week […]
Read MoreMANILA, Philippines — The Philippines will continue to enjoy the incentives under the US Generalized System of Preferences (GSP) for the next three years, the Department of Trade and Industry (DTI) announced yesterday. The DTI said the US GSP was reauthorized on March 23 after President Donald Trump signed the Omnibus Spending Bill which included […]
Read MoreMANILA, Philippines — The newly enacted tax reform law is expected to slash the government’s income tax collections by P10 billion a month, the Department of Finance (DOF) said yesterday. In a statement, Finance Secretary Carlos Dominguez III said the government is estimated to lose P10 billion in tax collections monthly due to the reduction […]
Read MoreMONETARY authorities decided to keep key interest rates unchanged on Thursday with inflation expected to remain on target this year and the next. The Bangko Sentral ng Pilipinas’ (BSP) overnight borrowing, lending and deposit rates were maintained at 3 percent, 3.5 percent and 2.5 percent, respectively, during the Monetary Board’s second policy meeting for 2018. […]
Read MoreMANILA, Philippines — Interest rates on term deposits were mixed yesterday as banks opted for short-term positions pending the results of the rate-setting meetings of the Bangko Sentral ng Pilipinas (BSP) and the US Federal Reserve. The yield on the seven-day term deposits slipped to 3.1768 percent yesterday from last week’s 3.1893 percent due to […]
Read More
Thailand
