MANILA, Philippines — The country’s inflation rate is expected to remain elevated and to average 8.1 percent in the first quarter of the year, according to First Metro Investment Corp. (FMIC) and University of Asia and the Pacific (UA&P) Capital Markets Research. In its Market Call report released yesterday, FMIC and UA&P said the headline […]
Read MoreMANILA, Philippines — The Senate on Tuesday night concurred with the ratification of the Philippines’ membership in the Regional Comprehensive Economic Partnership Agreement or RCEP, the latest country in Southeast Asia to join the world’s largest free trade deal. Twenty senators signed the resolution concurring in the ratification of RCEP. Under the Constitution, any treaty or […]
Read MoreMANILA, Philippines — The International Monetary Fund (IMF) has cautioned central banks (CBs) in Asia and the Pacific to stay alert as core inflation is still running above target despite the easing of headline inflation. Krishna Srinivasan, Thomas Helbling and Shanaka Jay Peiris said in a blog that economic headwinds that the region faced last […]
Read MoreMANILA, Philippines — The benchmark interest rate may hit 6.50 percent amid the tightening cycle by the Bangko Sentral ng Pilipinas (BSP) during the first semester to preempt the emergence of further second-round effects as inflation blew past expectations to hit a fresh 14-year high in January, according to Fitch Solutions Country Risk and Industry […]
Read MoreAs government borrows more MANILA, Philippines — The Philippines posted a two-year high balance of payments (BOP) surplus of $3.08 billion in January, reversing the $102 million deficit incurred a year ago, as the Marcos administration forayed into the offshore debt market early this year. Data released by the Bangko Sentral ng Pilipinas (BSP) showed […]
Read MoreMANILA, Philippines — The Philippine stock market fell yesterday as investors stayed on the sidelines ahead of the Federal Reserve meeting The benchmark Philippine Stock Exchange Composite index (PSEi) closed at 6,744.12, down by 34.90 points or 0.51 percent. Likewise, the broader All Shares index slipped to 3,607.75, down by 13.94 points or 0.38 percent. […]
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