BSP official sees room for steady policy
FASTER economic growth last quarter leaves more room for the central bank to maintain interest rates for now and, coupled with slow inflation, should...
Local banks open to foreigners, but await offers they can’t refuse
Krista A. M. Montealegre, National Correspondent
FOREIGN PARTIES wanting a piece of the action in one of Asia’s best growth stories have found the Philippines’ banking sector a tough nut...
In a good year for Asia’s currencies, Philippine peso finds itself unloved
HONG KONG/MANILA/SINGAPORE -- Asian emerging market currencies have been having their best year since before the 2013 taper tantrum, bolstered by pace-setting growth rates...
Two bitcoin exchanges now under BSP oversight
By Melissa Luz T. Lopez, Senior Reporter
THE BANGKO SENTRAL ng Pilipinas (BSP) now oversees the operations of two bitcoin platforms, which comes after it...
Domestic trade grows in 2016
THE Philippine Statistics Authority (PSA) reported an increase in the country’s domestic trade in terms of value and quantity in 2016 on the back...
Q2 growth brings 2017 goal within reach
By Jochebed B. Gonzales
Researcher
and Melissa Luz T. Lopez
Senior Reporter
THE PHILIPPINE economy grew by 6.5% last quarter on the back of increased household and government...
July ‘hot money’ net inflows biggest in six months — BSP
MORE foreign capital entered the Philippines in July to post the biggest net inflow in six months, the central bank reported yesterday.
Foreign portfolio investments,...
Global economy chugs forward as laggards look to become locomotives
WASHINGTON -- The world economy looks well on its way to a year of faster, firmer growth after rising at its most rapid pace...
PHL growth seen on track to 2017 target
THE PHILIPPINES is on track to hitting its economic growth goal this year, with improved public spending fueling faster expansion despite a slow start...
Competitiveness council cites top local governments
CITIES and municipalities must undergo digital transformation to efficiently deliver public services and improve competitiveness, according to a summit yesterday of the National Competitiveness...
BSP to lift rates if economy overheats
SINGAPORE -- The Bangko Sentral ng Pilipinas (BSP) is prepared to raise interest rates if it sees signs the economy is growing too fast,...
Farm growth fuels Q2 GDP hopes
FARM OUTPUT last quarter turned around from a year-ago decline, growing faster than January-March’s expansion due to the past year’s low base, the Philippine...
