A BANGKO Sentral ng Pilipinas (BSP) survey of private sector economists conducted in August 2022 showed that inflation predictions for this year remain on the high side. According to BSP’s Monetary Policy Report for the month of August released this weekend, private sector experts predict that inflation w ill continue to climb this year before […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has ordered banks to integrate sustainability principles in their investment activities to ensure continued safety and soundness. BSP Governor Felipe Medalla said the regulator recognizes the potential of banks’ investment activities to contribute to the pursuit of sustainable and resilient growth in the Philippines. In line […]
Read MoreMANILA, Philippines — The Philippines is more insulated from the looming recession in the US as domestic demand accounts for a larger portion of the economy, according to Maybank Kim Eng Research. In a research note titled “Decoupling from US Recession,” Maybank said the Philippines and other countries in Southeast Asia are emerging as a […]
Read MoreMANILA, Philippines — Credit growth in the Philippines is likely to taper off in the second half of the year amid the central bank’s tightening cycle to anchor inflation expectations, according to Fitch Ratings. In its non-rating action commentary titled “Philippine Banking Sector to Sustain Improving Profitability as Rate Rises,” the debt watcher said high […]
Read MoreMANILA, Philippines — Japanese investors continue to see the potential of the Philippines as an investment destination, driven by its young and English-speaking workforce, according to an official of the Japan External Trade Organization (JETRO). “The Philippines still has much to offer to Japanese companies,” JETRO Manila executive director Kazuo Nakamura said at the recent […]
Read MoreMANILA, Philippines — More speculative funds flowed out of the Philippines than what came in as foreign portfolio investments, resulting in a net outflow for the third straight month in July, according to the Bangko Sentral ng Pilipinas (BSP). Data released by the central bank showed that total foreign investments registered through authorized agent banks […]
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