THE Bangko Sentral ng Pilipinas (BSP) term deposit facility (TDF) inched up anew on Wednesday, days after it raised its policy rates. In a statement, the central bank said that the average rate of the one-week facility increased to 5.4921 percent and the two-week facilities to 5.6635 percent. These were at 5.0668 percent for the […]
Read MoreMANILA, Philippines — Urgent action to unlock the benefits of the Regional Comprehensive Economic Partnership (RCEP) agreement will need to be taken by countries now amid high inflation and supply side issues, according to the Asian Development Bank (ADB). In the multilateral lender’s latest blog, ADB economist Sanchita Basu-Das said the RCEP, which is a […]
Read MoreMANILA, Philippines — Local insurers are no longer optimistic on the possible extension of the final tranche of increase in capital requirement by yearend, but the industry maintained it would continue to push for its review. During the briefing for the Coop Climate Summit 2022 yesterday, the Philippine Insurers and Reinsurers Association (PIRA) said the […]
Read MoreTHE Philippine Exporters Confederation Inc. (Philexport) is optimistic that the country’s export industry can achieve its growth target of nearly $120 billion to $130 billion from exports of goods and services in the next five years. In a statement, Sergio Ortiz Luis Jr., Philexport president and Export Development Council (EDC) chairman underscored Philexport’s thrust to […]
Read MoreFILIPINOS are still saving for Covid-related things as they continue to worry about the effects of the pandemic despite the easing of restrictions and the resumption of outdoor and everyday activities. According to a study done by bookkeeping app Lista, Filipinos are now mostly saving for the goal of owning their own home and for […]
Read MoreHYPERMARKETS and supermarkets appear to be losing out as Filipinos looking to buy basic goods such as packaged food, toiletries and other consumables are opting to go to smaller and nearer stores in a bid to cut down on costs, the local unit of data analytics firm Kantar said. In an online presentation, Kantar Philippines […]
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