MANILA, Philippines — Most consumers in the Philippines are skeptical of sustainability claims of fashion items and do more research before buying the item, a study from Milieu Insight showed. Based on a survey conducted by the consumer research and analytics firm last June, 60 percent of Filipino consumers said they would research more about […]
Read MoreMANILA, Philippines — Foreign banks expect more, but less aggressive rate increases from the Bangko Sentral ng Pilipinas (BSP) as the regulator sustains its tightening bias to tame the red-hot inflation. ANZ chief economist for Southeast Asia Sanjay Mathur and economist Debalika Sarkar said the tightening cycle by the BSP is likely to extend until […]
Read MoreMANILA, Philippines — The Philippine economy is expected to remain strong and weather the global economic slowdown, even as inflation is seen to remain above six percent for much of the second half of the year, according to First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P). “Overall, we see […]
Read MoreMANILA, Philippines — As expected, the Bangko Sentral ng Pilipinas (BSP) yesterday delivered another 50-basis-point rate hike amid the need for follow-through action to help anchor inflation expectations and return inflation to a target-consistent path. BSP Governor Felipe Medalla said in a virtual press conference that the latest increase brought the interest rate on the […]
Read MoreMANILA, Philippines — Retail prices of goods in the National Capital Region (NCR) saw their highest increase in over three years in April as food and fuel prices continued to post upticks. According to the Philippine Statistics Authority (PSA), the General Retail Price Index (GRPI) in NCR jumped to 3.5 percent in April from 2.7 […]
Read MoreMANILA: The Philippine central bank on Thursday delivered another large interest-rate increase and signalled it has space to raise borrowing costs further to tackle broadening price pressures. Bangko Sentral ng Pilipinas raised the overnight reverse repurchase rate by 50 basis points to 3.75%. That took the total increases this year to 175 basis points to rein […]
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