MANILA, Philippines — The government awarded in full the short-term debt papers offered yesterday even as rates continued to rise across the board on concerns over rising inflation and weakening demand. In yesterday’s T-bill auction, the Bureau of the Treasury raised P20 billion from total tenders worth P41 billion, making the initial offer twice oversubscribed. […]
Read MoreMANILA, Philippines — Singapore’s DBS Bank Ltd. expects the Bangko Sentral ng Pilipinas (BSP) to keep the benchmark interest rate at an all-time low of two percent this year due to rising inflation. Philip Wee, foreign exchange strategist for Asia at DBS, said inflation is seen accelerating further after breaching the higher end of the […]
Read MoreMANILA, Philippines — Prices of basic goods and services likely eased in February, but the slowdown may not last long as inflation is expected to sharply rise in the coming months, according to London-based think tank Capital Economics. Headline inflation, which is the rate of increase in the consumer price index, may settle at 3.8 […]
Read MoreMANILA, Philippines — Prices of imported goods may go up, while exports may face delays as shipping rates continue to soar due to container shortages and strong demand. Philippine Ports Authority general manager Jay Santiago told The STAR that the average container shipping costs have surged by a dramatic 400 percent from November last year. […]
Read MoreMANILA, Philippines — Cryptocurrency transactions are expected to soar further this year after a five-fold increase in 2020 due mainly to the surge in the price of Bitcoins, as well as the broadening of regulations amid the evolving nature of the financial innovation, according to the Bangko Sentral ng Pilipinas (BSP). The value of transactions […]
Read MoreMANILA, Philippines — The Bureau of Internal Revenue (BIR) exceeded its excise tax collection target from tobacco in February after Japan Tobacco International (JTI) Philippines more than doubled the amount of taxes paid during the review period. In a report to the Department of Finance, Internal Revenue Deputy Commissioner Arnel Guballa said excise tax collections […]
Read More
Thailand
