MANILA, Philippines — Economists expect inflation to remain steady at 4.5 percent in May as the reimposition of strict lockdown measures in the National Capital Region and nearby provinces (NCR Plus) kept demand side pressure in check. ING Bank Manila senior economist Nicholas Mapa said inflation was likely unchanged for the third straight month at […]
Read MorePresident Rodrigo Duterte has decided to lower the most favored nation (MFN) tariff on rice imports to 35%, opening up opportunities for Vietnam, one of the major exporters of rice to the Philippines, to stabilize its rice supply for this country. According to Vietnam’s Ministry of Industry and Trade (MoIT), this move will help the […]
Read MoreMANILA, Philippines — London-based Capital Economics further slashed its gross domestic product (GDP) growth forecast for the Philippines this year following a disappointing performance in the first quarter. In its latest chart book, the think tank said it now expects the Philippines to grow by six percent in 2021, which means the country might reach […]
Read MoreMANILA, Philippines — Price hikes in goods and services will continue to hover above four percent for the most part of the year, and will only start easing toward the tailend of 2021, a joint research study showed. In the latest Market Call report by First Metro Investment Corp.(FMIC) and University of Asia and the […]
Read MoreMANILA, Philippines — A prolonged economic contraction as a result of fresh lockdowns in the capital and nearby provinces stoked an exodus of short-term foreign funds in April, the Bangko Sentral ng Pilipinas reported Thursday. What’s new? Foreign portfolio investments, also known as “hot money” because of their flighty nature, posted a net outflow of $374 […]
Read MoreMANILA, Philippines — Global banking giant Citi is retaining its economic growth forecasts for the Philippines even as the recession extended into the first quarter. Nalin Chutchotitham, economist for the Philippines at Citi, said the bank has retained its 4.9 percent gross domestic product (GDP) growth forecast for 2021 and 6.8 percent expansion for 2022. […]
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