MANILA, Philippines — Inflation likely picked up slightly in September as the economy continued to reopen gradually after imposing one of the longest and strictest lockdowns in the world, according to private economists. Security Bank chief economist Robert Dan Roces said headline inflation may have slightly gone up to 2.5 percent in September from 2.4 […]
Read MoreMANILA, Philippines — Loans extended by domestic banks for agriculture and agrarian reform slipped by 2.1 percent to P696.35 billion in the first quarter from P711 billion in the same quarter last year as the industry continued to deliver the mandated threshold for the sector. Preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed […]
Read MoreIt seemed like a tentative step. Government opened Boracay to domestic tourists last week, but it doesn’t mean other tourist areas are ready to open as well. “There were actually 35 tourists who came to Boracay yesterday by air, land and sea,” Tourism Secretary Berna Romulo Puyat said in an interview on ANC’s “Headstart.” “Of […]
Read MoreThe Chinese yuan and the Philippine peso are two of the strongest currencies in Asia this year. The yuan outperformed its regional peers in the 3rd quarter, recording its best quarterly gain in 12 years. The peso, Asia’s frontrunner this year with a year-to-date gain of 4.29 percent, posted its best quarter in a decade. […]
Read MoreMANILA, Philippines — Local production and sales of motor vehicles and motorcycles were down from January to August compared to last year’s performance as demand continued to languish due to the pandemic. According to the Association of Southeast Nations (ASEAN) Automotive Federation (AAF), motor vehicles assembled in the Philippines from January to August reached 39,171 […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) decided to maintain interest rates amid the benign inflation environment, to allow previous aggressive monetary actions to work their way through the economy as encouraging signs of recovery in domestic activity emerge despite the ongoing coronavirus disease 2019 or COVID-19 pandemic. BSP Governor Benjamin Diokno said […]
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