Inflation likely cooled further in Jan.
HEADLINE INFLATION likely eased further in January, as favorable base effects may have offset rising prices of some food items and higher utility rates.
BSP to launch digital currency pilot project
THE BANGKO SENTRAL ng Pilipinas (BSP) is currently working on a pilot project that will test the use of wholesale central bank digital currency (CBDC) for large-value financial transactions among selected financial institutions.
PHL competitiveness still lags in Asia-Pacific
THE PHILIPPINES saw its ranking in an annual global competitiveness report remain unchanged and continued to be one of the laggards in the Asia-Pacific region amid a drop in business efficiency.
BoP forecast raised as trade picks up
THE CENTRAL BANK raised its balance of payments (BoP) surplus projection for this year, as it anticipates a pickup in the country’s external trade amid a protracted pandemic.
Philippine tourism industry seen to reach pre-pandemic levels by 2024
THE DOMESTIC tourism sector is expected to reach pre-pandemic levels by 2024, although near-term challenges such as high inflation may affect demand, according to industry stakeholders.
WB flags growth slowdown
THE WORLD BANK has downgraded its 2018 economic growth forecast for the Philippines -- making it the third multilateral lender to do so since last week due to heightened external uncertainties and surging inflation locally -- but overall prospects should remain “strong” enough for it to maintain the country’s projections for 2019-2020.
OFW remittance growth slows in Nov.
MONEY sent home by overseas Filipino workers (OFWs) in November grew by its slowest pace in three months, with cash remittances reaching its lowest level since May as lockdowns were reimposed in some countries due to a spike in coronavirus cases.
Tourism industry starts counting cost of China virus outbreak
THE TOURISM INDUSTRY expects P20 billion in revenue losses as tourist arrivals from China plunge after the new coronavirus outbreak, Tourism Congress of the Philippines President Jose C. Clemente III said on Monday.
Philippines leaps to 50th place in global innovation index
THE Philippines moved up four spots to 50th out of 131 economies on an annual list that measures their performance in innovation, becoming one of four Asian countries with the most significant progress.
Crop exports at risk from fading Chinese rebound
EXPORTERS expect agricultural orders from China to slow as the country’s economic rebound fades, an industry group’s top official said.
BoI approves P1.56 trillion in investments in 2025
THE BOARD of Investments (BoI) said it has approved a total of P1.56 trillion in investments in 2025, registering the second-highest level of investment...
PSEi may move sideways amid lingering risks
PHILIPPINE STOCKS might continue to trade sideways this week as investors weigh bargain-hunting opportunities against lingering macroeconomic and political risks, analysts said.