Gross national savings drop in 2020 as Filipinos had less disposable income
THE COUNTRY’S gross savings fell by more than a quarter last year despite a drop in household spending, as Filipinos had less disposable income, data from the Philippine Statistics Authority (PSA) showed.
Analysts trim inflation expectations
PRIVATE SECTOR ECONOMISTS trimmed their inflation expectations for this year and the next two years, with the majority expecting the consumer price index (CPI)...
Forex reserves hit all-time high at end-October
By Beatrice M. Laforga, Reporter
Philippine dollar reserves rose to a fresh record of $103.814 billion at the end of October, boosted by the central...
Developers told to register with AMLC
REAL ESTATE developers and brokers as well as Philippine offshore gaming operators (POGOs) and service providers are required to register with the electronic reporting system of the Anti-Money Laundering Council (AMLC) by mid-March.
Emerging market debt soars to record high in first quarter
LONDON -- Falling interest rates have fuelled a fresh borrowing bonanza in the first quarter of 2019 with emerging market debt soaring to record highs and the global debt stock bulging by $3 trillion, an Institute of International Finance (IIF) report showed.
BSP chief says PHL credit rating downgrade unlikely
THE PHILIPPINES’ investment grade rating is unlikely to be downgraded as the country’s outstanding debt remains “manageable,” the central bank governor said.
BSP sees inflation rising toward target, rate cut cycle near end
The Philippines’ central bank will keep weighing a feeble growth outlook against gradually rising inflation to set monetary policy in a balancing act that...
BSP tells banks to strengthen guard against phishing attacks
THE Bangko Sentral ng Pilipinas (BSP) told banks to boost their efforts to prevent phishing attacks that have led to losses for their clients amid the rise in digital transactions.
PHL labor productivity lags in region
PRODUCTIVITY among the Philippines’ employed labor force amounted to $20,671 per worker in 2019, an improvement from the previous year but still lagging behind regional peers such as Malaysia, Thailand, and Indonesia, data from the World Bank’s World Development Indicators database showed.
BSP pins hopes on firmer peso to rebuild FX buffer
THE CENTRAL BANK is banking on the peso’s recovery against the greenback to rebuild its foreign exchange reserves, a senior official said.
Trump policies pose risks for PHL economy
THE PHILIPPINE ECONOMY may face pressure amid President Donald J. Trump’s policies, which could impact the currency, inflation and remittances, Fitch Ratings said.
BoC grows collections as of August
THE BUREAU of Customs (BoC) grew collections further in August, according to preliminary figures released on Monday.