MANILA, Philippines — The Philippines should review and update its consumer laws to take into consideration the rise in digital transactions and increased access to product testing facilities, an Association of Southeast Asian Nations (ASEAN) study showed. Results of the peer review on the Philippines’ consumer protection system – conducted by a team composed of […]
Read MoreMANILA, Philippines — It is unlikely that the Bangko Sentral ng Pilipinas would make any adjustments to its ultra-loose monetary policy for the rest of the year, with Governor Benjamin Diokno warning against any premature tightening as recovery remains fragile. The powerful Monetary Board is scheduled to hold two more meetings in 2021 — one […]
Read MoreMANILA, Philippines — The Philippines is expected to pick up its economic momentum in the last quarter of the year as restrictions are eased, but this will not be enough to pull off a strong rebound as the government had projected. In an email to The STAR, Makoto Tsuchiya, assistant economist at Oxford Economics, said […]
Read MoreMANILA, Philippines — Raising interest too soon due to increasing inflation pressures is seen to do more harm than good, according to Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno. Diokno, in a Viber message to reporters, said the uptick in inflation this year to 4.5 percent, higher than the BSP’s two to four percent […]
Read MoreTHE Philippine central bank chief said on Sunday that domestic inflationary pressures were driven by supply-related factors that do not require monetary policy intervention, and that tightening policy too soon would be more harmful than waiting. Inflation slightly eased in September to 4.8 per cent from a near three-year peak in August. “Since the inflation […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is planning to put up a registry to improve the monitoring nationwide of cash agents that have more than tripled since the start of the pandemic. BSP Governor Benjamin Diokno said in his weekly virtual press conference that the agent registry would be a tool for […]
Read More
Thailand
