MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) reiterated it is not expected to move in synch with the tightening moves of some central banks in advanced economies. BSP Governor Nestor Espenilla Jr. said monetary authorities are focused on promoting price and financial stability conducive to a balanced and sustainable economic growth. “Our monetary […]
Read MoreMANILA, Philippines — The Philippines will continue to lag behind Asian neighbors in socio-economic development unless government takes proactive reforms to address the country’s high power cost – considered the most expensive in the world, according to Meralco PowerGen Corp. (MGen) senior vice president for commercial and planning Chrysogonus Herrera. “We are at the bottom […]
Read MoreMANILA, Philippines — A celebrated playwright and coincidentally one of the founders of London School of Economics and Political Science (LSE), George Bernard Shaw once famously quipped “If all economists were laid end to end, they would not reach a conclusion.” Economics as a field has been characterized by a number of disagreements. One only […]
Read MoreMANILA, Philippines — Philippine Business Bank (PBB) reported a core income of P673.7 million in the nine months to September this year, rising 50.6 percent from P447.3 million in the same period last year. In a statement, PBB said net interest income went up 19 percent to P2.2 billion in the third quarter from P1.8 […]
Read MoreMANILA, Philippines — The local manufacturing sector recovered strongly in October after two months of marginal growth to lead the ASEAN region anew, according to the latest reading of the Nikkei Manufacturing Purchasing Managers’ Index (PMI). The Nikkei Philippine Manufacturing PMI rose to 53.7 in October from 50.8 in September, reflecting a pickup in the […]
Read MoreMANILA, Philippines — The economy likely grew faster in the third quarter on the back of strong exports, agricultural production and investments, the National Economic and Development Authority (NEDA) said yesterday. In an interview with reporters, Socioeconomic Planning Secretary Ernesto Pernia said the economy likely grew at a faster rate in the third quarter compared […]
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