MANILA, Philippines — Private sector economists further raised their inflation forecasts, with the rate expected to stay above the two to four percent target range of the Bangko Sentral ng Pilipinas (BSP) until next year as price pressures have become broad-based. Dennis Lapid, officer-in-charge of the Department of Economic Research at the BSP, said the […]
Read MoreMANILA, Philippines — The tightening financial environment amid a spate of aggressive rate hikes may result in more firms having difficulty servicing immediate debt payments, according to the Bangko Sentral ng Pilipinas (BSP). Based on the results of a stress-test exercise conducted by the BSP, more firms in the industrial, services, holdings, property and financial […]
Read MoreMANILA, Philippines — The Philippines may post a faster gross domestic product (GDP) growth of 7.5 to eight percent this year after recording a stronger-than-expected expansion in the third quarter, according to MUFG Bank Ltd. In a virtual media briefing, MUFG senior currency analyst Jeff Ng said the latest projection was due to the higher-than-expected […]
Read MoreMANILA, Philippines — The Philippines remains attractive to Japanese investors, as companies engaged in the renewable energy and electronics industries have expressed interest in the country’s ecozones, according to the Philippine Economic Zone Authority (PEZA). In a Laging Handa public briefing yesterday, PEZA officer-in-charge director general Tereso Panga said Japanese investors expressed interest in the […]
Read MoreIt really is more fun in the Philippines. We complain a lot about our politicians, but we keep voting for them. Then things start falling apart, but not to worry… our leaders say we are resilient and we are survivors. Lately, we have started to notice that it is also getting to be more expensive […]
Read MoreMANILA, Philippines — Money sent home by Filipinos overseas inched up in September as they rushed to support their families weathering the impact of expensive consumer prices. Remittances coursed through banks inched up 3.8% year-on-year to $2.84 billion in September, the Bangko Sentral ng Pilipinas reported Tuesday. This, however, was slower than 4.3% recorded in […]
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