MANILA, Philippines — Money supply growth slightly accelerated in November 2018, driven by the growing demand for credit, the Bangko Sentral ng Pilipinas (BSP) reported yesterday. Preliminary data from the BSP showed that domestic liquidity, also known as M3, grew by 8.4 percent to P11.25 trillion in November 2018 from the P10.38 trillion recorded in […]
Read MoreMANILA, Philippines — The year 2018 put the spotlight on the Philippines’ dependence on imported fuel to power up the country’s progress and day-to-day operations. This was validated by the latest Energy Trilemma Index of the World Energy Council, which ranks 125 countries in three dimensions – environmental sustainability, energy security and energy equity. The […]
Read MoreMANILA, Philippines — The Securities and Exchange Commission (SEC) has revised anew its proposed rules on `initial coin offerings (ICOs), taking into account the comments received from the public last year. ICO is the cryptocurrency equivalent of an initial public offering. It can be a fundraiser wherein a company looking to create a new coin, […]
Read MoreMANILA, Philippines — Headline inflation may ease back to the two to four percent target earlier than expected this year, according to the Bangko Sentral ng Pilipinas. BSP officer-in-charge Diwa Guinigundo said in a text message that the central bank is reviewing its forecasts as inflation eased to a seven-month low of 5.1 percent in […]
Read MoreMANILA, Philippines — The Philippine economy is headed for a second straight year of slowdown as a “challenging” 2018 appears to be less robust than the prior year, the country’s chief economic planner said. “We started 2016 with a 6.9 percent GDP(gross domestic product) growth and it went down to 6.7 percent in 2017. This […]
Read MoreMANILA, Philippines (Updated 10:59 a.m.) — Soaring prices in the Philippines cooled down for a second consecutive month in December to post the slowest rate since June 2018, the country’s statistics agency reported Friday, driven by lower food prices and transport costs during the month. Inflation eased to 5.1 percent in December, slower than 6 percent recorded […]
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