MANILA, Philippines — Nomura Securities Ltd. said the Bangko Sentral ng Pilipinas (BSP) is likely to keep the level of deposits that banks maintain with the central bank at 20 percent, the highest in the region. Euben Paracuelles, senior economist at Nomura, said low inflation over the past few months would not allow the BSP […]
Read MoreMANILA, Philippines — The government will further open up retail trade as it plans to drastically lower the foreign capital limit from the current $2.5 million to $200,000 (about P10.2 million), a top economic manager said. Socioeconomic Planning Secretary Ernesto Pernia told reporters on the sidelines of the opening ceremony for the 28th National Statistics […]
Read MoreMore foreign retailers will be given the chance to set up shop in the Philippines under planned changes to the Foreign Investment Negative List (FINL), a Cabinet official said. Retail trade is one of the industries included in a preliminary list drawn up by the National Economic and Development Authority (NEDA, Socioeconomic Planning Secretary Ernesto […]
Read MoreMANILA, Philippines — Inflation likely rose within the 2.8 percent to 3.6 percent range in September due to higher fuel, electricity and food prices, as well as the further weakening of the peso, the Bangko Sentral ng Pilipinas (BSP) said. “The forecast of the BSP’s Department of Economic Research suggests that September 2017 inflation could […]
Read MoreThe Philippines plans to amend its Constitution next year to help ease restrictions on foreign investment, Finance Secretary Carlos Dominguez said. Dominguez informed Japanese investors in a recent forum in Tokyo that the government is also reviewing its so-called Foreign Investment Negative List to increase foreign ownership limits in the areas of construction and other […]
Read MoreMANILA, Philippines — The country’s international investment position (IIP) weakened as of end-June due to higher net liability position, according to the Bangko Sentral ng Pillipinas (BSP). According to preliminary IIP data, the country’s net external liability position reached $33.8 billion, higher than the end-March level of $29.2 billion. This came as external financial liabilities […]
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