MANILA, Philippines — Economists are at odds over the inflation figures for July, with some expecting further pickup and others seeing a slowdown in the pace of consumer price growth. Alvin Arogo, economist at Philippine National Bank, said inflation likely accelerated further to 6.7 percent in July after quickening to 6.1 percent in June from […]
Read MoreMANILA, Philippines — The economy likely sustained the strong economic rebound in the second quarter with a gross domestic product expansion of between eight and nine percent after a stronger-than-expected GDP growth of 8.3 percent in the first quarter, according to Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla. “Probably eight or nine percent,’’ he […]
Read MoreMANILA, Philippines — The government slashed its borrowings in the first semester to just a little over P1 trillion as the economy continues to recover from the pandemic. Latest data from the Bureau of the Treasury showed total borrowings from January to June dipped by 45 percent to P1.07 trillion from P1.93 trillion in 2021. […]
Read MoreMANILA, Philippines — Retail prices of building materials in the National Capital Region (NCR) continued to pick up in May, posting the fastest annual growth rate in more than 13 years, according to the Philippine Statistics Authority (PSA). Data from the PSA showed the Construction Materials Retail Price Index (CMRPI) in NCR went up by […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) said inflation likely settled between 5.6 percent and 6.4 percent in July, driven by the continued increase in food prices, further transport fare hikes, and depreciation of the peso. According to the central bank, lower oil prices, reduction in electricity rates in areas serviced by Manila […]
Read MoreMANILA, Philippines — The Philippines is facing downgrade pressure due to the scarring caused by the pandemic, the expected slower economic growth in China and the impact of the Russia-Ukraine war, according to Fitch Ratings. In a report, the debt watcher said further COVID outbreaks in China could affect other countries’ credit profiles in the […]
Read More
Thailand
