MANILA, Philippines — More Filipinos became poor in the first half of the year, as the pandemic wiped out gains of the Duterte administration in lifting people out of poverty. A survey of 174,007 families nationwide showed there were 26.14 million Filipinos living below the poverty line in the first six months of the year, […]
Read MoreTHE Philippine peso recorded its best day in a month after returning to the P49 to a US dollar territory on Thursday. The local currency rose 31 centavos from the previous day’s close of P50.27 to $49.96:$1. It has not been this high since November 12, when it closed at P49.85 per dollar. The peso’s […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas capped the year with policy rates kept at historic-low, citing the need to continue its support to an economy that is just getting its groove back following a pandemic-induced collapse. At its final meeting this year on Thursday, the seven-man Monetary Board decided to maintain the BSP’s […]
Read MoreCentral banks in Indonesia and the Philippines held their key interest rates steady to help entrench economic recoveries that are picking up pace as Southeast Asia’s worst Covid outbreaks recede. Bangko Sentral ng Pilipinas left the benchmark rate at 2% on Thursday, as predicted by all 20 economists in a Bloomberg survey. Minutes later, Bank […]
Read MoreMANILA, Philippines — The British Chamber of Commerce Philippines (BCCP) wants the next administration to make investments in digital infrastructure, as well as conduct trade missions to the United Kingdom as part of efforts to encourage more investments into the country. The group also emphasized the importance of immediately approving amendments to the Retail Trade […]
Read MoreMANILA, Philippines — Remittances from overseas Filipinos sustained their growth momentum for nine straight months, hitting a three-month high in October as the Christmas season approaches, according to the Bangko Sentral ng Pilipinas. BSP Governor Benjamin Diokno said personal remittances increased by 2.4 percent to a three-month high of $3.12 billion in October from $3.04 […]
Read More
Thailand
