MANILA, Philippines — The Philippines will continue its borrowing program at over P2 trillion, at least in the short term, according to the Bureau of the Treasury. Based on the indicative financing program of the government until 2025, the Philippines will borrow P2.21 trillion by 2023, the same level it plans to raise this year. […]
Read MoreIn recent months, the country has been experiencing rising prices of goods and services. Recent inflation. On a year-on-year basis, the inflation rate by end July this year was 6.4 percent. In the prior month of June, it was 6.1 percent. But in May, it was 5.4 percent. The 2022 annual rates of inflation constitute […]
Read MoreMANILA, Philippines — Fraudulent credit card activities via remote and other digital payment channels jumped by 21 percent in the Philippines since the start of th pandemic, according to the Credit Card Association of the Philippines (CCAP). This prompted the group, comprised of country’s 18 major credit card players, to further strengthen its advocacy toward […]
Read MoreTHE Philippine central bank will sustain its rate-hike cycle this quarter, following a surprise move in July, to quell broadening price pressures, according to Bloomberg survey of economists. The benchmark interest rate is expected to increase by another 75 basis points to 4 per cent by the end of September, a survey showed. Bangko Sentral […]
Read MoreMANILA, Philippines — The amount of money sent home by overseas Filipino workers (OFWs) to their families in the Philippines posted a faster growth of 4.4 percent in June to hit the highest level in six months, according to the Bangko Sentral ng Pilipinas (BSP). Data released by the central bank showed personal remittances – […]
Read MoreMANILA, Philippines — Sales of local car and truck assemblers continued to post double-digit growth from January to July as the economy further recovers. In a joint report by the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and Truck Manufacturers Association (TMA) released yesterday, the groups said year-to-date total new motor vehicle sales […]
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