No takers for rediscounting facility MANILA, Philippines — The peso rediscounting loan facility of the Bangko Sentral ng Pilipinas (BSP) has no releases in January as banks remain awash with cash. Rediscounting is one of the credit facilities offered by the BSP to qualified banks with active rediscounting lines to meet their temporary liquidity needs […]
Read MoreMANILA, Philippines — Current developments in the country are starting to become encouraging after Omicron hit, proving that the COVID variant is unlikely to have a significant impact on the economy. In its weekly outlook, international think tank Capital Economics maintained that the Philippines is seeing some good news after the latest COVID-19 wave due […]
Read MoreLOCAL fish, pork and chicken producers formed a united front against the Regional Comprehensive and Economic Partnership (RCEP) and urged the Philippine Senate to defer ratification of the “lopsided” international trade accord. RCEP will severely harm local fishing and aquaculture, including the pork and chicken industries, food security advocacy group Tugon Kabuhayan convenor Asis Perez […]
Read MoreMANILA, Philippines — The Philippines will remain a regional underperformer despite the strong bounce-back from the pandemic-induced recession due to the rapid virus surge and tough mobility restrictions early this year, according to DBS Bank of Singapore. In a report, DBS economist Chua Han Teng said risks remain despite the projected 6.5 percent gross domestic […]
Read MoreMANILA, Philippines — The Philippines is aiming to sign next month the free trade agreement (FTA) with South Korea, which is expected to contribute to economic recovery efforts from the pandemic. Trade Secretary Ramon Lopez said in a Viber message yesterday the FTA with South Korea is undergoing legal scrubbing and is being finalized. “Target […]
Read MoreMANILA, Philippines — The projected expansion of exports may further improve the Philippines’ growth trajectory as the policy normalization of the world’s major central banks is expected to lead to increased global trade. During the 16th JP Morgan Philippine Conference 2022, Bangko Sentral ng Pilipinas Governor Benjamin Diokno said the policy normalization by major central […]
Read More
Thailand
