SC junks petition seeking to void Kaliwa Dam loan deal
By John Victor D. Ordoñez, Reporter
THE SUPREME COURT (SC) junked a petition that sought to declare as illegal and to void the government’s loan...
Growth on track to hit 6-7% — BSP
THE PHILIPPINES is on track to grow by as much as 7% this year, but a global economic slowdown amid tighter monetary conditions and elevated inflation is a key risk, according to the central bank.
Farm output could have recovered in Q3 — economists
AGRICULTURE PRODUCTION could have recovered slightly in the third quarter from contractions in the preceding three months and a year ago, economists said when asked for expectations on farm data which the Philippine Statistics Authority (PSA) will report on Nov. 6.
Philippine creative economy’s growth slowed in 2023
THE VALUE of the Philippines’ creative industry reached P1.72 trillion in 2023, despite slowing growth, the Philippine Statistics Authority (PSA) reported on Thursday.
Preliminary...
New BSP chief to sustain reforms
PHILIPPINE CENTRAL BANK Governor Felipe M. Medalla would continue the “game-changing” reforms of the central bank, including its digitalization initiatives amid challenges to the country’s financial system, his predecessor said on Monday.
Congress urged to reconsider bill on transport safety board
CONGRESS is being urged to approve a bill creating the Philippine Transportation Safety Board (PTSB), especially after technical glitches in the country’s air traffic...
BSP may start hiking cycle next year
By Jenina P. Ibañez, Senior Reporter
INVESTOR pressures would likely challenge the Philippine central bank’s accommodative stance next year amid monetary tightening by its counterparts across the globe, Fitch Solutions Country Risk &...
Central bank looking out for tax reform’s wider impact on inflation
THE BANGKO SENTRAL ng Pilipinas (BSP) may raise interest rates should tax reform trigger price increases for all other consumer goods and services as...
Asia-Pacific needs to spend $144B for climate adaptation
THE Asia-Pacific region will need to spend as much as $144.74 billion or 0.49% of regional gross domestic product (GDP) for climate adaptation, the...
Saudi attack’s inflation risk watched
ATTACKS last Saturday on Saudi Aramco’s processing facilities could ignite inflation risks for the short term, even as the pace of overall price increase should stay well within the official 2-4% full-year target due to base effects, a senior official of the Bangko Sentral ng Pilipinas (BSP) and private economists said on Tuesday.
Faster Fed hikes likely to hit PHL external position
THE PHILIPPINES’ external position and the peso will likely weaken as investors start to price in the US Federal Reserve’s planned March interest rate hike and sustained policy tightening.
FDI inflows sink to over 4-year low
NET INFLOWS of foreign direct investments (FDI) fell to their lowest level in over four years in September, data from the Bangko Sentral ng Pilipinas (BSP) showed.