MANILA, Philippines — Philippine banks are strongly supporting greater mobility for fully vaccinated Filipinos to spur domestic consumption and allow the economic recovery to gain more traction, according to the Bankers Association of the Philippines (BAP). With more than half of the population vaccinated in the National Capital Region (NCR) and adjacent areas, BAP president […]
Read MoreMANILA, Philippines — The Coca-Cola Company will continue to expand its investments in the Philippines, optimistic about the overall prospects for economic recovery, according to its top official. In an interview with The STAR, Coca-Cola Beverages Philippines Inc. (CCBPI) president and CEO Gareth McGeown said while the company’s 2021 numbers were down, the year saw […]
Read MoreMANILA, Philippines — The year-long slump in the prices of condominium units dampened the national housing prices for the second straight quarter amid weak demand caused by the impact of the pandemic. The Bangko Sentral ng Pilipinas (BSP) said the prices of condominium units fell for the fourth straight quarter, contracting by 14.3 percent in […]
Read MoreMANILA, Philippines — The nationwide wholesale prices of consumer goods rose to an 18-month high in July, the Philippine Statistics Authority (PSA) said. The General Wholesale Price Index (GWPI) in the Philippines grew at 2.9 percent in July, faster than the 2.2 percent rate in June. This is also much quicker than the growth of […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) yesterday kept its benchmark rate at an all-time low of two percent for a seventh straight meeting to allow the momentum of economic recovery to gain more traction by helping boost domestic demand and market confidence. In a virtual press briefing, BSP Governor Benjamin Diokno said […]
Read MoreMANILA, Philippines — Additional allocations from the International Monetary Fund gave the Philippines its second-biggest dollar surplus this year in August. What’s new The Philippines’ balance of payments position recorded a $1.04 billion surplus in August, 58.9% bigger than the surplus posted in the same month last year, the Bangko Sentral ng Pilipinas reported Thursday. […]
Read More
Thailand
