MANILA, Philippines — The research units of the Fitch and Moody’s groups expect the Bangko Sentral ng Pilipinas (BSP) to further raise interest rates this year to rein in inflation. Fitch Solutions Country Risk & Industry Research said more rate hikes are in the cards for the Philippines as inflation is likely to remain elevated […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) sees the country’s gross domestic product (GDP) growth decelerating further in the third quarter after a slower-than-expected performance in the second quarter. Despite the projected slowdown, the BSP said in its latest Monetary Policy Report that the GDP would settle within the revised 6.5 to 7.5 […]
Read MoreMANILA, Philippines — Private sector economists see inflation breaching the two to four percent target range set by the Bangko Sentral ng Pilipinas (BSP) until next year amid supply constraints and elevated global oil prices. Dennis Lapid, officer-in-charge of the Department of Economic Research at the BSP, said the results of the BSP’s survey of […]
Read MoreMANILA, Philippines — The Philippine government plans to tap the international debt market anew this year to raise more cash for its programs and projects, according to a report. Citing a person familiar with the matter, Bloomberg reported on Monday that the government would sell more foreign bonds this year in a bid to raise […]
Read MoreMANILA, Philippines — The insurance industry is expecting a difficult year as consumers feel the pinch of high commodity prices due to global developments, even as the world slowly recovers from the health crisis. Insurance firm AXA Philippines maintained that predicting the market remains difficult as of now given market volatility and rising costs that […]
Read MoreMANILA, Philippines — Sugar will be included in the list of basic and prime commodities that the government regularly monitors, according to the Department of Trade and Industry (DTI). “Sugar will be included in our regular monitoring in the coming days as directed by the President,” Trade Undersecretary Carol Sanchez said in a Viber message […]
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