August marks 4th straight month of BoP deficit
THE COUNTRY’S external payments position logged a deficit in August for the fourth straight month -- though it was the smallest in that period,...
Dirty money watchdog sets new requirement
THE Anti-Money Laundering Council (AMLC) now requires banks, casinos and other covered businesses to digitize customer records to fast-track reporting and facilitate monitoring.
Report cites overcrowded Philippine oil market
PHILIPPINE DEMAND for oil would probably grow at an average 3.4% between 2022 and 2031, according to Fitch Solutions Country Risk and Industry Research,...
Remittances rise in April
CASH REMITTANCES sent home by overseas Filipino workers (OFWs) jumped by 3.9% in April as many countries further reopened their economies and eased travel restrictions amid the ongoing pandemic.
BSP may pause rate increases — Medalla
MACTAN, Cebu — The Bangko Sentral ng Pilipinas (BSP) is likely to keep policy rates unchanged on Thursday as inflation continues to ease, its governor said on Monday.
PHL financial resources further rise at end-July
THE TOTAL RESOURCES of the Philippines’ financial system further rose at end-July, preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed.
Resources of banks...
Business optimism weakens in Q1
BUSINESS OPTIMISM in the Philippines weakened sharply in the first quarter of 2018, according to global research firm Grant Thornton’s International Business Report (IBR),...
Philippine money market group says banks cautious of trade risks
(UPDATE) President Donald Trump’s ever-changing tariff onslaught is overshadowing the Philippines’ sound economic fundamentals and will likely keep banks selective in deploying funds, according...
To ‘meat’ a need to feed
INSPIRED by a personal commitment to produce high-quality food for the nation, Robert Lo grew his business from a single poultry farm into a major agri-food enterprise.
DBCC lowers growth target for 2022
ECONOMIC MANAGERS now expect gross domestic product (GDP) to expand by 7-8% this year, as the outlook may be clouded by the prolonged Russia-Ukraine war, economic slowdown in China and monetary policy tightening in the United States.
Philippines renews $1-B pledge to IMF
THE PHILIPPINES has renewed a $1-billion loan pledge to the International Monetary Fund (IMF), the Bangko Sentral ng Pilipinas (BSP) said in a statement...
BSP revises current account, BOP forecasts as global economy rebounds
MANILA - The Philippine central bank on Friday released revised projections for the current account and balance of payments this year and for 2022,...