PRICE INCREASES of basic goods may have breached the 2% mark in September coming from a record low seen a year ago, according to results of a BusinessWorld poll last week, as a weaker peso drove up costs despite a state-imposed price freeze in place. Read the full story.
THE PHILIPPINES has fallen behind in the annual competitiveness ranking of the World Economic Forum, marking its first step back in a decade. Read the full story.
THE PESO yesterday sank to its weakest level against the dollar in more than seven years, dragged partly by political concerns at home, prompting central bank and other state economic officials to assure that the country has enough buffers to temper sharp movements. Read the full story.
BANKS handed out more loans to the real estate sector as of June from a year ago as credits for both housing and commercial property rose by a fifth, according to data the Bangko Sentral ng Pilipinas (BSP) released last weekend. Read the full story.
