ECONOMISTS expect inflation to settle at 3.1 percent this year, slightly lower than the Bangko Sentral ng Pilipinas’ (BSP) full-year estimate of 3.2 percent. “Analysts noted possible upside risks to inflation such as volatile global oil prices, weaker peso, initial implementation of the comprehensive tax reform program, government spending on infrastructure, rise in utility rates, […]
Read MoreThe government is considering the establishment of exclusive industrial parks for Chinese firms planning to locate in the Philippines, a Cabinet official said. Socioeconomic Planning Secretary Ernesto Pernia said the idea was brought up by prospective investors during a recent non-deal roadshow conducted by Cabinet officials in China. “There were expressions of interest in setting […]
Read MoreTHE country’s balance of payments (BoP) position reverted to a surplus of $24 million in September from a deficit of $7 million in August, the Bangko Sentral ng Pilipinas (BSP) reported on Friday. However, the surplus last month was much lower than the $117-million surplus recorded a year earlier. “The modest BoP surplus derived directly from […]
Read MoreMANILA, Philippines — The Philippines has now tied Vietnam in terms of labor cost attractiveness for manufacturing companies, according to Japanese investors, but the country still has a slight competitive advantage over its regional peers due to the set of incentives provided by the Philippine Economic Zone Authority (PEZA). “We observe that labor cost is […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is set to gradually reduce banks’ required reserves in tandem with capital market reforms. BSP Governor Nestor Espenilla Jr. said on the sidelines of the 43rd Philippine Business Conference and Expo yesterday that the central bank is set to reduce the reserve requirement ratio (RRR), currently […]
Read MoreMANILA, Philippines — European investors in the Philippines said there is no reason for them to pack up and leave amid President Duterte’s continued tirades directed against the European Union (EU). “We are business as usual. Nothing has changed and we intend to keep it that way. We all have rocky roads sometimes. We have ups and […]
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