MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is launching a new index to help gauge the sentiment of consumers and businesses based on the prevailing economic conditions. BSP Governor Benjamin Diokno said the central bank is developing a News Sentiment Index that will be based on online economic and financial news. “The index […]
Read MoreMANILA, Philippines — Retail prices of consumer goods in Metro Manila continued to pick up, hitting a six-month high in November, the Philippine Statistics Authority (PSA) said. The General Retail Price Index (GRPI) in the National Capital Region (NCR) in November grew by 2.3 percent, faster than the 2.1 percent rate in October. This is […]
Read MoreMANILA, Philippines — The Department of Finance (DOF) wants the expanded quota for pork imports extended until the end of this year to prevent a repeat of last year’s spike in meat prices. In an economic bulletin, Finance Undersecretary and chief economist Gil Beltran said President Duterte should enforce Executive Order (EO) 133 for 2022. […]
Read MoreMANILA, Philippines — The government’s economic growth target this year remains achievable despite the surge in COVID infections due to the highly transmissible Omicron variant, according to Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno. In his keynote address during the inaugural meeting and induction of the 2022 board of the Management Association of the […]
Read MoreMANILA, Philippines — Dollar reserves continued their climb in December as the national government’s foreign currency deposits pushed levels up, but the year-end figure missed the Bangko Sentral ng Pilipinas’ projection. What’s new Gross international reserves amounted to $108.9 billion as of December 2021, inching up 1.1% month-on-month, the central bank reported on Thursday. As […]
Read MoreMANILA, Philippines — Local car and truck makers ended 2021 with sales growing by a fifth from a year ago, as monthly sales reached their highest level in December since the pandemic hit the country. A joint report released yesterday showed the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and Truck Manufacturers Association […]
Read More
Thailand
