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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 Philippines’ estimated 10 million citizens abroad once more stepped in to buoy the local economy in the middle of a crisis, driving a late third quarter surge in dollar remittance that helped ward…
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 — 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…
MANILA, Philippines — The country’s headline inflation eased to 2.4 percent in August from 2.7 percent in July, the Philippine Statistics Authority (PSA) said Friday, September 4, 2020. The latest figure brings the year-to-date inflation for 2020…
MANILA, Philippines – Dollars sent home by expatriate Filipinos declined once more in April, marking the second consecutive period that the impact of the coronavirus pandemic was manifested in monthly remittances — a key pillar of the…
MANILA, Philippines — The country’s economic managers are preparing a raft of measures to counteract the economic impact of the novel coronavirus (nCoV) outbreak after the Philippines was identified as being among the three most vulnerable…
THE central bank expects inflationary pressures to have moderated slightly in October due to the decrease in the prices of rice and other food items as well as the cost of electricity — a possible indication that…
Inflation is seen peaking in October or November but would unlikely hit 7 percent, a member of the central bank’s policy-making Monetary Board said Tuesday. The Cabinet-level Development Budget Coordination Committee raised its 2018 inflation forecast range…
Measures taken by the government to rein in surging consumer prices have started to make themselves felt as the inflation rate for September, though higher than the previous month’s, came in lower than most analysts’ expectations, the…
BANK regulators have finalized the relaxed rules for its dollar hedging facility meant to encourage more financial institutions to use it and consequently ease the selling pressure on the peso. In a press statement, the Bangko…
The Philippines’ financial system was put on heightened alert against laundered cash just as the country entered into the long Lenten holidays, at the request of the Malaysian central bank, which said it had foiled a major…
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