MANILA, Philippines — Inflation likely stayed benign in July, the Bangko Sentral ng Pilipinas said Wednesday. In a statement, the BSP’s Department of Economic Research said it expects July inflation to settle within the 2%-2.8% range. The Philippine Statistics Authority will release the official July inflation data on August 6. “Lower rice and domestic LPG prices […]
Read MoreMANILA (REUTERS) – Philippines’ Jollibee Foods Corp is training its sights on Indonesia, with newly acquired US chain Coffee Bean & Tea Leaf its entry point in the economically expanding and densely populated South-east Asian neighbour, its top officials said. Jollibee has for years planned to bring its Chickenjoy fried chicken and sweet spaghetti restaurants to Indonesia, […]
Read MoreMANILA, Philippines — Business groups are pushing for the passage of 28 priority reforms during the 18th Congress to allow the country to become more competitive, attract investments and achieve inclusive growth. In a joint statement released yesterday, Alyansa Agrikultura, the American Chamber of Commerce of the Philippines Inc., Australia-New Zealand Chamber of Commerce of […]
Read MoreMANILA, Philippines — Factory gate prices rose at a slightly faster pace in June on the back of the acceleration in the prices of furniture and fixtures, the Philippine Statistics Authority (PSA) said yesterday. The Producer Price Index (PPI) for manufacturing grew at an annual rate of one percent in June, marginally faster than the […]
Read MoreMANILA, Philippines — In line with our vision for higher quality of life for all Filipinos, the Bangko Sentral ng Pilipinas (BSP) has embraced financial inclusion as a worthy goal, long before it was mainstreamed as a global development agenda. We recognize that bringing financial services to all, especially those that are underserved and unserved, […]
Read MoreMANILA, Philippines — The International Monetary Fund (IMF) has lowered anew the gross domestic product (GDP) growth forecasts for the Philippines over the next two years primarily due to the disappointing performance in the first quarter. Yongzheng Yang, IMF’s resident representative to the Philippines, said the multilateral lending agency slashed its GDP growth forecasts to […]
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