MANILA, Philippines — The Philippines imported 16.4 percent more meat and meat products last year, driven mainly by higher pork shipments, according to the Bureau of Animal Industry (BAI). The BAI data showed the country imported 1.36 billion kilos of meat and meat products last year compared to the previous year’s 1.17 billion kilos. Pork […]
Read MoreMANILA, Philippines — The government ramped up its borrowings for the fourth consecutive month, jumping almost four-fold to P98 billion in November, most of which were sourced from the domestic debt market. Latest data from the Bureau of the Treasury showed total borrowings for November soared by 266.6 percent to P97.87 billion from just P26.7 […]
Read MoreMANILA, Philippines — The sugar industry was caught off guard with President Marcos’ directive to import sugar anew, according to industry experts. They said if there is really a need to control prices, importation should be through an order of the Sugar Regulatory Administration (SRA) Board rather than the Minimum Access Volume (MAV), which has […]
Read MoreMANILA, Philippines — The Philippines and China have signed an agreement that would fast-track cargo processes between the two countries in a bid to improve trade facilitation. During President Marcos’ state visit to China last week, the Bureau of Customs (BOC) and the General Administration of Customs of China inked a mutual recognition arrangement (MRA) […]
Read MoreMANILA, Philippines — British banking giant HSBC sees a sharp economic growth slowdown in the Philippines as the tightening cycle of the Bangko Sentral ng Pilipinas (BSP) would curtail consumption, which is a major growth driver. James Cheo, HSBC Global Private Banking and Wealth chief investment officer for Southeast Asia, said in a virtual press […]
Read MoreMANILA, Philippines — Expect the Bangko Sentral ng Pilipinas (BSP) to deliver more rate hikes and bring the benchmark rate to at least six percent this year, as inflation soared above the government’s target last year, top bank economists said. HSBC Global Private Banking and Wealth chief investment officer for Southeast Asia James Cheo said […]
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