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Presidential aspirant Ferdinand “Bongbong” Marcos Jr. (BBM)’s plans for the country’s economic future appears to be a continuation of Duterte policies in general and pointing to more expenses and minimal debt management, according to GoldmanSachs. In contrast,…
Additional domestic and foreign borrowings plus a weaker peso further hiked the national government’s outstanding debt to a new high of P11.92 trillion in September. The latest Bureau of the Treasury (BTr) data on Friday showed end-September…
MANILA, Philippines — The central bank will likely keep its key interest rate unchanged when its Monetary Board convenes on Thursday with the regulator finding itself lodged between the opposing demands of fighting rising inflation and restarting the…
Repayments and a stronger peso slightly tempered debt accumulation in December last year, but the record recession coupled with a jump in borrowings to fight COVID-19 jacked up the share of unpaid obligations to the Philippine economy…
MANILA, Philippines — Senator Sonny Angara on Sunday urged more businesses to go digital in order to remain competitive under the new normal and to boost the country’s economy amid the Covid-19 pandemic. “We want to see…
MANILA, Philippines — Confidence returned to Filipino consumers when polled about their expectations for the first quarter of 2021, after expressing negative sentiment about for the current quarter in the latest survey conducted by the central bank.…
MANILA, Philippines — The country’s headline inflation jumped to 3.3 percent in November, higher than the previous 2.5 percent in October, the Philippine Statistics Authority (PSA) said Friday. The PSA said in its report that this is…
MANILA – Philippines – The dollar flow surplus of the Philippine economy — which has been building up every month since the start of the pandemic — surged significantly in September, as the inflow of foreign exchange…
MANILA, Philippines — The Philippines’ gross domestic product (GDP) is expected to fall at its worst rate in at least 36 years, no thanks to the COVID-19 pandemic’s debilitating impact on the domestic as well as global economies.…
MANILA, Philippines — The strong peso may be a portent of bad economic news because it is being caused primarily by a steep drop in imports that were needed for the Philippines to maintain its growth trajectory, according…
MANILA, Philippines — Price pressures on basic goods and services will likely remain muted over the near term, according to the central bank, as it welcomed the lower-than-expected August inflation rate which came in below the monetary…
Another loan worth $300 million has been extended by the Asian Development Bank (ADB) to the Philippines, its host-country, this time to make financial services more accessible to Filipinos. In a statement on Friday, the ADB said…
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