MANILA, Philippines — Economic struggles on the domestic front are putting the Philippines at risk of becoming a basket case as it is unlikely to ride on the much needed herd immunity with the rest of emerging Asia. In a report, UK-based Pantheon Macroeconomics has remained pessimistic about the growth path of the Philippines this […]
Read MoreMANILA, Philippines — Local factories registered triple-digit output growth in May, with much of the lift coming from low base from last year. What’s new A monthly poll of selected industries showed the volume of production index (VoPI), a measure of manufacturing output, grew at a faster clip of 265% year-on-year in May compared to […]
Read MoreMANILA, Philippines — Bank of the Philippine Islands (BPI) is not discounting the possibility of monetary adjustments in the coming months amid the continued weakening of the peso as well as the easing inflation. Aside from the foreign exchange movement and inflation, BPI lead economist Jun Neri also cited the pronouncements made by the US […]
Read MoreReported suspicious current and savings accounts or CASA transactions in the country have surged in the last three years. This is according to the latest assessment of the Philippines‘ exposure to external and internal threaths based on suspicious transaction reports (STR) for 2018-2020 by the Anti-Money Laundering Council (AMLC). In the assessment released on Wednesday, AMLC said the […]
Read MoreMANILA, Philippines — The continued weakening of the peso could create a headache for the Bangko Sentral ng Pilipinas, which may be forced to tighten monetary policy earlier-than-expected at a time the economy still needs support to recover from a pandemic-led slump. After outperforming most Asian currencies last year, the local unit is now trading […]
Read MoreMANILA, Philippines — Price increases in basic goods and services eased in June, the slowest pace in six months, as transport costs decelerated with base effects fading from last year’s pandemic-related restrictions despite still elevated global oil prices. Headline inflation the rate of increase in the consumer price index slid to 4.1 percent in June […]
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