Jobless rate climbs to 3-month high in June
THE UNEMPLOYMENT RATE rose to a three-month high in June as the quality of jobs deteriorated, the Philippine Statistics Authority (PSA) reported on Wednesday.
Electronics sector hurting — SEIPI
SPIRALING COSTS brought by Russia’s invasion of Ukraine are hampering the operations of the local electronics industry in spite of increased competitiveness due to the weak peso, according to the largest group of foreign and local electronics companies in the Philippines.
Cash remittances hit $2.98B in Aug.
By Katherine K. Chan
MONEY SENT HOME by overseas Filipino workers (OFW) went up by 3.2% year on year in August, as the weaker peso...
Dollar reserves slip 2% at end-Nov.
THE PHILIPPINES’ gross international reserves (GIR) dipped at the end of November as the government settled some of its foreign currency-denominated debt, data from the Bangko Sentral ng Pilipinas (BSP) showed.
ASEAN summit to go ahead in May, but shortened to ‘bare bones’ program due...
MANILA — Philippine President Ferdinand R. Marcos Jr. said on Friday that the ASEAN Leaders' summit will go ahead in May, but will be...
Peso sinks to new low of P58 on hawkish Fed bets
THE PESO plunged to a new record low of P58 on Wednesday as the dollar remained strong on expectations of a huge rate hike from the US Federal Reserve overnight.
BSP launches credit scoring model
THE BANGKO SENTRAL ng Pilipinas (BSP) has launched a credit scoring model that is expected to enhance credit risk assessment by lenders.
The Credit Risk...
ADB partners pledge $665-M for ASEAN green infrastructure fund
Asian Development Bank (ADB) partners have pledged $665 million to support climate-resilient infrastructure projects in Southeast Asia.
Virus drags FDI inflows in February
FOREIGN DIRECT investment (FDI) inflows slumped by a third in February, as the uncertainty over the then-emerging coronavirus outbreak started spooking investors.
Philippines to restore access to Grok after developer commits to safety fixes
MANILA - The Philippines will restore access to Elon Musk's AI chatbot Grok following commitments from its developer to remove image-manipulation tools that previously...
Peso may strengthen further before GDP
THE PESO could trade stronger this week and even return to the P58 level before the release of Philippine gross domestic product (GDP) growth...
Diokno sees more harm in raising rates ‘too early’
AS SOME central banks around the world are beginning to raise rates, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno on Sunday said tightening monetary policy too early may cause more harm to the Philippine economy’s recovery.