MANILA, Philippines — Pork and chicken continued to drive the country’s meat imports, which rose seven percent as of end-August. Latest data from the Bureau of Animal Industry (BAI) showed the country imported 851.84 million kilos of meat and meat products from January to August, higher than the 795.59 million kilos shipped in the same […]
Read MoreMANILA, Philippines — Filipinos will have no choice but to spend more as prices, particularly of food items, continue to rise due to the continued depreciation of the peso against the dollar. Last week, the peso depreciated to a new record low of 57.43 to $1. A weaker peso means it will be more expensive […]
Read MoreMANILA, Philippines — Economists are expecting the Bangko Sentral ng Pilipinas (BSP) to deliver an aggressive 50-basis-point interest rate hike on Thursday, bringing the benchmark rate to pre-pandemic levels. China Bank chief economist Domini Velasquez said the Monetary Board is expected to continue its aggressive pace by raising key policy rates by another 50 basis […]
Read MoreMANILA, Philippines — The decision of Moody’s Investors Service to maintain the Philippines’ investment grade Baa2 rating and stable outlook reflects the sustained economic recovery amid increased external headwinds, according to economic managers. Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla said the affirmation of the country’s rating would support the sustained recovery of the […]
Read MoreMANILA, Philippines — Money sent home by Filipinos overseas grew at a slower pace in July, as better exchange rates as a result of a weak peso allows expats to reduce the dollars they send to their families. Cash remittances coursed through banks went up 2.3% year-on-year in July to $2.92 billion, the Bangko Sentral […]
Read MoreMANILA, Philippines — The country’s automotive industry remains on track with its recovery as it continued to post double-digit sales growth in the eight months of the year, according to data from the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and Truck Manufacturers Association (TMA). In a joint report released yesterday, CAMPI-TMA said […]
Read More
Thailand
