BSP likely to keep rates steady — poll
THE Bangko Sentral ng Pilipinas (BSP) will likely keep benchmark rates untouched at its review this week, although some economists are pricing in another easing in the latter part of 2020 when the extent of the pandemic’s economic impact becomes clearer.
PHL banks’ assets expand to P27.7 trillion as of August
THE PHILIPPINE banking sector’s total assets grew by 6.7% year on year as of end-August amid continued growth in loans and deposits.
Banks’ combined assets...
Philippine Airports suspend operations due to Typhoon Carina
Different airports around the Philippines have suspended their operations today, July 24, due to the impacts of Typhoon Carina in the country.
The Manila International...
LEDAC eyes approval of 28 priority bills by June 2025
AT LEAST five new bills have been added to the Marcos administration’s list of priority legislation expected to be approved by Congress before June 2025, including proposals to allow foreign investors to lease land for up to 99 years and amend a 2019 law that liberalized the rice sector.
Fitch cuts Philippine growth forecast
FITCH Solutions has downgraded its growth forecast for the Philippines anew, noting that the economy is unlikely to bounce back to a faster pace due to tighter credit conditions and waning investor appetite.
BSP sees ‘a lot of policy space’ amid cooling inflation
APRIL INFLATION that’s likely to go below 2% gives the Philippine central bank “a lot of policy space,” while first-quarter growth that could be near or below the government’s 6-8% target would be an “important factor” in the Monetary Board’s policy meeting next month, according to its governor.
BSP regulations to support post-pandemic economy, Diokno says
THE BANGKO SENTRAL ng Pilipinas (BSP) said it will continue supporting the post-pandemic economy through enabling regulations that will encourage investments and infrastructure projects.
Better PHL-China ties expected to boost construction
IMPROVED BILATERAL relations between the Philippines and China will boost the construction industry, according to the Fitch Group’s research arm, as it raised its forecast for that sector.
BSP sees March inflation at 4.2% to 5%
THE central bank continues to see inflation breaching the target range in March, as oil prices rose and the peso weakened against the US dollar.
Economy on track to grow by at least 7% this year
By Melissa Luz T. Lopez, Senior Reporter
DAVAO CITY — The Philippines is on track to achieve at least seven percent growth this year, with...
Business groups say execution of reforms key to regaining investor trust
PHILIPPINE BUSINESS groups view the government’s pledge of “big bold reforms” as a credible step to rebuilding investor confidence but warn the real impact will depend on swift and decisive implementation.
BSP likely to cut policy rates this month
TARLAC — The central bank will cut benchmark interest rates as early as this month, with the regulator also studying when to implement further reductions to lenders’ reserve ratios.