Gives BSP room to cut rates aggressively MANILA, Philippines — Growth in consumer prices decelerated in February on slower growth in the cost of transport, alcoholic beverages and tobacco, as well as housing and utilities, the Philippine Statistics Authority (PSA) said yesterday. The headline inflation rate fell to 2.6 percent in February from 2.9 percent […]
Read MoreMANILA, Philippines — Employment and unemployment growth were unchanged year-on-year in January despite the increase in the work-ready population, the Philippine Statistics Authority (PSA) said yesterday. As of January 2020, the country has 73 million Filipinos aged 15 and above available for work, more than 71.89 million higher than the same month last year. Out […]
Read MoreMANILA, Philippines — Philippine banks are sufficiently capitalized and are less likely to be affected by the impact of the coronavirus disease 2019 (COVID-19) global outbreak, according to Fitch Ratings. The debt watcher said the Philippine economy’s exposure to Chinese flows is relatively light and the banking system’s credit exposure to the hospitality sector is […]
Read More[MANILA] Philippine annual inflation slowed for the first time in four months in February as the costs of food, transport and utilities eased, the statistics agency said on Thursday. Consumer prices rose to 2.6 per cent in February from a year earlier after a 2.9 per cent rise in the previous month. Analysts in a […]
Read MoreMANILA, Philippines — Growth prospects remain for the Philippine e-commerce market despite its slower take-off compared to its Southeast Asian neighbors, a regional e-commerce aggregator said. “I haven’t cracked it yet, but in my idea, it’s the most overlooked market of Southeast Asia,” iPriceGroup CEO and co-founder David Chmelar said. He said a lot of […]
Read MoreMANILA, Philippines — Local carriers are expected to undertake more cost-cutting measures that may include workforce reduction should the travel ban on major markets persist amid the spreading coronavirus. Air Carriers Association of the Philippines Inc. (ACAP) executive director and vice chairman Roberto Lim told The STAR that the local aviation industry is taking a […]
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