MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) decided yesterday to leave benchmark rates unchanged but vowed to keep a watchful eye on inflation. BSP Governor Nestor Espenilla Jr. said in a press conference the Monetary Board kept the interest rate on the central bank’s overnight reverse repurchase facility at three percent as well […]
Read MoreMANILA, Philippines — Low cost carrier AirAsia is set to launch flights from Manila to Ho Chi Minh in Vietnam in November as it seeks to promote greater connectivity within the ASEAN. “We are thrilled to announce that we will start servicing direct flights from Manila to Ho Chi Minh in November as part of […]
Read MoreMANILA, Philippines — The national government spent P99.66 billion in July to settle its debt, a sharp 136 percent increase from P42.08 billion in the same period last year, the Bureau of the Treasury (BTr) reported yesterday. This brought the national government’s debt service to P478.03 billion in the first seven months, down 13 percent […]
Read MoreMANILA: With Indonesia and Vietnam cutting interest rates in the past two months and Thailand fending off pressure to do the same, the Philippines is emerging as the region’s lone candidate for a rate increase this year. While all economists surveyed by Bloomberg predict Bangko Sentral ng Pilipinas will hold its benchmark rate at a […]
Read MoreMANILA: The Philippine central bank left its benchmark interest rate unchanged at 3.0% on Thursday, as expected. All 13 economists polled by Reuters had forecast no policy change at Thursday’s policy review. Policymakers have not touched monetary levers in three years because inflation has remained moderate even as the economy has continued to gallop ahead […]
Read MorePhilippine shares rose to a record high on Thursday while other Southeast Asian stock markets slipped, in line with broader Asia, after the US Federal Reserve announced a plan to start shrinking its balance sheet and signalled one more rate hike later this year. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.3%. The […]
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