Credit to Author: Mayvelin U. Caraballo, TMT| Date: Fri, 28 Feb 2020 17:05:22 +0000
THE country’s inflation likely eased to as low as 2.4 percent or accelerated to as high as 3.2 percent this month, the Bangko Sentral ng Pilipinas (BSP) said on Friday. The range projected by the central bank’s Department of Economic Research compares with January’s 2.9 percent, but lower than the 3.8 percent posted in February […]
Read moreCredit to Author: Mayvelin U. Caraballo, TMT| Date: Thu, 20 Feb 2020 17:33:06 +0000
THE Philippines’ balance of payments (BoP) reverted to a 16-month high deficit of $1.35 billion in the first month of the year, which the Bangko Sentral ng Pilipinas (BSP) attributed to foreign currency withdrawals. Central bank data showed that the amount was a turnaround of the $2.70-billion and $1.57-billion surplus recorded in January and December […]
Read moreCredit to Author: Tyrone Jasper C. Piad| Date: Wed, 12 Feb 2020 17:33:43 +0000
THE government remains steadfast in working to attain an “A” investment-grade credit rating for the Philippines, up from the current “BBB,” in the next two years, the Bangko Sentral ng Pilipinas (BSP) said after Fitch Ratings upgraded its outlook for the country. In a statement on Tuesday night, BSP Governor Benjamin Diokno said that, “as […]
Read moreCredit to Author: Mayvelin U. Caraballo, TMT| Date: Mon, 10 Feb 2020 16:28:20 +0000
Foreign direct investment (FDI) net inflows dropped to a two-month low of $623 million in November 2019 despite rising from a year ago, central bank data showed on Monday. The amount was the lowest since September’s $566 million, but up 14.6 percent from the $543 million in November 2018. In a statement, the Bangko Sentral […]
Read moreCredit to Author: The Manila Times| Date: Thu, 06 Feb 2020 10:00:18 +0000
THE 2019-novel coronavirus (2019-nCoV) acute respiratory disease is likely to slow down the Philippine gross domestic product (GDP) growth by 0.3 percent for the whole year, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno revealed on Thursday. “Preliminary BSP estimates show a 0.3 ppt (percentage point) reduction in 2020 GDP . . .,” Diokno told reporters […]
Read moreCredit to Author: Mayvelin U. Caraballo, TMT| Date: Wed, 05 Feb 2020 17:06:17 +0000
THE country’s headline inflation accelerated to an eight-month high of 2.9 percent in January, the Philippines Statistics Authority (PSA) announced on Wednesday, supporting analysts’ consensus view that monetary authorities could resume easing policy rates as early as this month. The figure — up from December’s 2.5 percent and the highest since May 3.2 percent — […]
Read moreCredit to Author: Mayvelin U. Caraballo, TMT| Date: Mon, 03 Feb 2020 16:18:14 +0000
Philippine and Indonesian monetary authorities have agreed to work together to provide a framework for closer cooperation between their central banks to achieve a more secure, efficient and reliable payment system, and promote digital financial innovation. In a statement on Monday, the Bangko Sentral ng Pilipinas (BSP) announced it signed a memorandum of understanding (MoU) […]
Read moreCredit to Author: Mayvelin U. Caraballo, TMT| Date: Wed, 18 Dec 2019 15:00:40 +0000
The central bank is likely to cut interest rates by at least 50 basis points next year, but will take it slow in terms of reducing banks’ reserve requirement ratio (RRR), Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said. “For policy cuts, at least 50 basis points (bps). We’re observing what the other central […]
Read moreCredit to Author: Mayvelin U. Caraballo, TMT| Date: Tue, 10 Dec 2019 18:28:54 +0000
AVAILMENTS of the central bank’s peso rediscount facility rose by more than two times in the first 11 months of the year. Bangko Sentral ng Pilipinas (BSP) data on Tuesday showed thaat availments reached P122.16 billion in January to November 2019, 115.01-percent higher than the P56.81 billion borrowed in the same period a year ago. […]
Read moreCredit to Author: Mayvelin U. Caraballo, TMT| Date: Tue, 10 Dec 2019 18:26:49 +0000
The Japanese government has committed to provide technical support to the Duterte administration’s formulation of a regional development master plan designed to maximize the economic potentials of Subic Bay and its surrounding areas, the Department of Finance (DoF) said. In a statement on Tuesday, the Finance department reported the Philippines and Japan signed on December […]
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