MANILA, Philippines – While significant progress has been made in opening up the ASEAN markets by easing tariffs, the excessive use of non-tariff measures (NTMs) remain as barriers to intra-regional trade, according to a paper by the Philippine Institute of Development Studies (PIDS). Duties on several goods changing hands within Southeast Asia are now at […]
Read MoreMANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) said it expects inflation to hover at a range of 2.4 percent to 3.2 percent in June following lower fuel and energy prices. “The BSP forecast suggests that June inflation could settle within the 2.4 to 3.2 percent range,” BSP Governor Amando Tetangco Jr. said in […]
Read MoreMANILA, Philippines – Foreign currency loans extended by local banks continued to grow as of end-March as disbursements exceeded principal repayments, the Bangko Sentral ng Pilipinas (BSP) said over the weekend. BSP Governor Amando Tetangco Jr. said outstanding loans granted by foreign currency deposit units (FCDUs) of banks reached $14.35 billion as of end-March, 14.7 […]
Read MoreMANILA, Philippines – Foreign businessmen are keeping their bullish prospects for the country intact as they commended the Duterte administration’s first year performance despite noting a couple of moves deemed “inappropriate.” “We acknowledge the notable achievements of the current administration thus far. With this, it is fair to say that they have done a commendable […]
Read MoreTEMPO.CO, Jakarta – The Central Statistics Agency (BPS) recorded June’s inflation rose 0.69 percent to 4.27 percent compared to the previous month. BPS chief Suhariyanto said on Monday that June’s inflation rate was affected by electricity tariff adjustments, airfare and city transportation fees, “while food prices were relatively under control.” For the first semester, the inflation rate […]
Read MoreTEMPO.CO, Jakarta – Trade Minister Enggartiasto Lukita said that beef trade system will be improved to cut the price. “We will assess everything starting from the slaughter house (RPH), we will regulate everything,” he said in Bandung on Wednesday (28/6). He explained that one of the measures taken is by supplying the market with imported frozen beef. “We will supply the frozen meat, it will make the price stable.” Enggartiasto admitted […]
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