Central bank faces 鈥榗omplex鈥 policy environment
THE MONETARY BOARD (MB) is gearing up for an earlier rate-setting meeting next week as it faces a 鈥渇airly complex鈥 mix of faster inflation, a weakening peso and robust economic growth.
Companies bullish on business and economy
TOP BUSINESSMEN remain confident about their companies鈥 prospects in a fast-growing economy, according to results of a survey conducted by Isla Lipana & Co./PwC...
BSP signals less than 75-bp rate hike
THE PHILIPPINE central bank signaled an interest rate hike of less than 75 basis points (bps) at its next meeting in August, as it focuses on bringing down inflation.
IMF backs lifting of bank secrecy
THE Bank Secrecy Law is constraining the Bangko Sentral ng Pilipinas鈥 (BSP) ability to effectively supervise the banking industry, the International Monetary Fund (IMF) said.
ADB expects PHL household spending to improve in 2026
By Aubrey Rose A. Inosante, Reporter
THE ASIAN Development Bank (ADB) said household consumption in the Philippines is likely to rebound in 2026 on the...
Gov鈥檛 plans to borrow P170B in Aug.
THE government is planning to borrow P170 billion from the domestic market in August, nearly a fifth lower than the July borrowing program, the Treasury said on Wednesday.
PHL financial system remains resilient but faces 鈥榤oderate鈥 risks
THE COUNTRY鈥橲 financial sector is seen to remain robust and is well-positioned to absorb shocks, the Bangko Sentral ng Pilipinas (BSP) said, but noted...
Marcos 鈥榟opes鈥 CA will reconsider TRO on SMC-Meralco deal
PRESIDENT Ferdinand R. Marcos, Jr. is hoping the Court of Appeals (CA) will reconsider its decision temporarily suspending the implementation of an SMC Global Power Holdings Corp. subsidiary鈥檚 power supply agreement (PSA) with Manila Electric Co. (Meralco), warning this may result in higher electricity rates.
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.
ADB approves $400-M loan to improve PHL tax system
THE ASIAN Development Bank (ADB) has approved a $400-million loan for the Philippines to reform tax policies and ramp up revenue collection.
In a statement...
BSP likely to keep policy rates steady this week
THE Bangko Sentral ng Pilipinas (BSP) will likely keep benchmark rates steady at its review this week, with policy makers preferring to ensure that inflation maintains its downward trend, analysts said in a 大象传媒 poll.
Fitch Ratings lowers Philippines鈥 outlook to 鈥榮table鈥
FITCH RATINGS on Thursday evening downgraded its outlook for the Philippines to 鈥渟table,鈥 less than three months since it gave a 鈥減ositive鈥 outlook, as the economy faces a recession amid the coronavirus pandemic.