Inflation likely to remain within 2-4% target range in coming months
HEADLINE INFLATION is seen to remain within the Bangko Sentral ng Pilipinas (BSP) 2-4% target in the coming months despite the uptick in October,...
BSP launches sustainability agenda
THE BANGKO Sentral ng Pilipinas (BSP) on Thursday launched its 11-point sustainable central banking (SCB) agenda as it seeks to mitigate climate risks by...
Gov’t gets P350-B offer for NAIA rehab
By Arra B. Francia
Reporter
A CONSORTIUM composed of some of the country’s biggest conglomerates has submitted to the government a P350-billion unsolicited proposal for the...
Truckers say Roxas Blvd closure will mean higher costs, more delays
TRUCK OPERATORS are expected to incur additional expenses as they would need to take a longer route during the closure of the southbound portion of Roxas Boulevard.
BSP hikes rates, signals more to come
THE PHILIPPINE central bank on Thursday raised its benchmark interest rate by 50 basis points (bps) for a second straight meeting, and signaled more tightening to tame red-hot inflation.
BSP vows to back economy with accommodative stance
By Luz Wendy T. Noble, Reporter
The Philippine central bank will keep a supportive monetary policy amid a slower-than-anticipated economic recovery, its governor said on Friday.
“High-frequency indicators suggest that the...
Nov. trade deficit balloons to record
THE COUNTRY’S trade-in-goods deficit further widened to a record high in November as growth in merchandise imports continued to outpace the rise in exports, the Philippine Statistics Authority (PSA) reported on Tuesday.
BSP seen unlikely to touch rates this year
By Beatrice M. Laforga, Reporter
The Philippine central bank would probably pause monetary easing this year until previous rate cuts lead to substantial credit growth, according to Standard Chartered...
Vehicle sales slip in July as rains dampen demand
NEW VEHICLE SALES declined in July, as bad weather disrupted retail operations, a joint report by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck Manufacturers Association (TMA) showed.
Saudi Aramco sees full oil production from attacked sites by end-September
ABQAIQ, SAUDI ARABIA -- Saudi state oil company Aramco said it will bring back by end-September full crude output at Abqaiq and Khurais, the two oil facilities damaged by attacks last weekend that US officials have blamed on Iran.
Regulator lifts suspension of the FIT-All collection
HIGHER ELECTRICITY BILLS loom as the Energy Regulatory Commission (ERC) lifted the suspension of the collection of feed-in tariff allowance (FIT-All) starting February.
Economists cite state spending anchor of Q3 GDP
FASTER third-quarter gross domestic product (GDP) growth expected to be reported on Nov. 7 will bear the clear imprint of government efforts to catch up with its expenditure plan, state and private sector economists said last week, even as the increase in spending was smaller than a year ago.