MANILA, Philippines — While India may not be a major source of imported rice for the country, the Philippines must prepare to shore up its local production once the world’s top rice shipper starts curbing exports of the commodity, which could further disrupt food supply and raise prices globally. The Indian government is mulling restrictions […]
Read MoreMANILA, Philippines — The peso’s weakness persisted yesterday, momentarily touching the 57 to $1 barrier before closing at an all-time low of 56.999, 22.9 centavos lower than the previous record low of 56.77 on Friday. The local currency opened weaker at 56.85 and hit an intraday high of 56.80 before losing steam to touch an […]
Read MoreMANILA, Philippines — Inflation likely remained elevated, staying above six percent for the third straight month in August due to rising global oil prices as well as increasing demand for goods and services as the economy further reopens from strict COVID quarantine and lockdown protocols, according to economists. Unionbank chief economist Ruben Carlo Asuncion said […]
Read MoreMANILA, Philippines — Increases in wholesale prices of construction materials in the National Capital Region (NCR) eased in July, as six commodity groups registered slower upticks. The Philippine Statistics Authority (PSA) said the annual increase of the Construction Materials Wholesale Price Index (CMWPI) in NCR eased to 8.7 percent in July from 8.9 percent in […]
Read MoreMANILA, Philippines — Ty-led Metropolitan Bank & Trust Co. (Metrobank) is confident it can sustain credit growth despite the series of interest rate hikes by the Bangko Sentral ng Pilipinas (BSP). Minda Claver Olonan, first vice president and head of investor relations at Metrobank, said in an interview with reporters during a tour of the […]
Read MoreMANILA – The Philippine peso dropped to a record low on Friday (Sept 2), boosting pressure on the central bank to raise interest rates more aggressively to stem the slide. The currency weakened beyond its previous all-time low set in 2004 after surging imports widened the trade deficit to a record high in June. The […]
Read More
Thailand
