MANILA, Philippines — Sales of the country’s food sector are seen to further decline by 13 percent this year as consumers remain hesitant to return to restaurants amid the spread of the Delta variant, according to the United States Department of Agriculture (USDA). In its latest report, the Foreign Agricultural Service of the USDA said […]
Read MoreThe Bangko Sentral ng Pilipinas (BSP) warned on Thursday that consumer prices in the country could remain high in the short term due to supply-side concerns. “Inflation could remain elevated in the near term before decelerating to within the target range of 2.0 to 4.0 percent by the end of the year,” BSP Governor Benjamin Diokno noted […]
Read MoreHeadline inflation eased to a two-month low of 4.8 percent in September from 4.9 percent in August, the Philippine Statistics Authority said. In a briefing on Tuesday, National Statistician Dennis Mapa said this is higher than the 2.3-percent inflation rate in September last year. This brings the country’s average inflation from January to September this year to 4.5 percent, […]
Read MoreMANILA, Philippines (Update 1, 12:14 p.m.) — Consumer price growth eased in September, beating expectations of a faster climb and supporting the central bank’s decision to keep its easy money policy as the pandemic drags on. Inflation, as measured by the consumer price index, went up 4.8% year-on-year in September, a softer uptick than 4.9% recorded in […]
Read MoreMANILA, Philippines — Only six digital banks are authorized to operate in the country for now after applicants failed to qualify to fill the remaining one slot due to non-compliance with requirements, according to Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno. Diokno yesterday told participants of the 53rd Annual Conference of the Financial Executives […]
Read MoreMANILA, Philippines — The peso may depreciate to P52 against the dollar in the first quarter of 2022 as the Philippines’ current account deficit is expected to swell anew due to rising imports following the gradual reopening of the global economy, according to Singapore’s DBS Bank Ltd. In a report, DBS economist Chua Han Teng […]
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