MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) said it would further lower the reserve requirement ratio (RRR) by another 100 basis points as it is unlikely to step on the brake pedal for its easing cycle even after the attacks on the oil production facilities in Saudi Arabia. BSP Governor Benjamin Diokno told […]
Read MoreWASHINGTON — The Philippines should think twice about imposing a blanket ban on all pork imports after being hit by African swine fever. The National Pork Producers Council (NPPC), which represents 42 affiliated state associations in the US, said it was hard to decipher why the Philippines would consider such move. “If it is not […]
Read MoreMANILA, Philippines — The Philippines’ current account (CA) deficit may widen again by as much as one percentage point of gross domestic product (GDP) by the end of the year as the economy is seen to recover in the second half, according to a senior official of the Department of Finance. In a text message, […]
Read MoreMANILA, Philippines — Term deposits fetched mixed results yesterday as the weekend attack on the oil production facilities in Saudi Arabia allegedly perpetuated by Iran fanned inflation concerns. The yield of the seven-day term deposits eased by 1.63 basis points to 4.3323 percent from last week’s 4.3486 percent, while that of the 28-day tenor also […]
Read MoreMANILA, Philippines — Trade of goods within the country registered a double-digit slowdown both in terms of quality and quantity in the second quarter of the year, the Philippine Statistics Authority (PSA) said. Preliminary results of the Domestic Trade Statistics in the Philippines Second Quarter 2019 report showed that total domestic trade during the quarter […]
Read MoreMANILA, Philippines — Money sent home by Overseas Filipino Workers (OFWs) recovered in July, recording the fastest growth in nine months, the Bangko Sentral ng Pilipinas (BSP) reported yesterday. BSP Governor Benjamin Diokno said personal remittances went up by 7.2 percent to $2.87 billion in July from $2.67 billion in the same period last year. […]
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