The rise in consumer prices is expected to fall within 1.9% to 2.7% this month as lower fuel prices and water rates temper rising electricity costs, according to the Philippine central bank. Inflation would probably settle at 2.3%, the same rate as in September, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno told reporters […]Read More

Filipinos are expected to spend more next year especially on recreation amid government stimulus measures for sectors badly hit by the coronavirus pandemic, and as more people return to work, according to Fitch Ratings. Household spending will probably grow by 5.7% in 2021 after shrinking by 8% by year-end, the global research firm said in […]Read More

Filipinos are expected to spend more next year especially on recreation amid government stimulus measures for sectors badly hit by the coronavirus pandemic, and as more people return to work, according to Fitch Ratings. Household spending will probably grow by 5.7% in 2021 after shrinking by 8% by year-end, the global research firm said in […]Read More

By Beatrice M. Laforga, Reporter The Philippine central bank raised P70 billion in short-term securities on Friday due to strong liquidity. The Bangko Sentral ng Pilipinas (BSP) fully awarded the 28-day bills it had auctioned off out of P120.55 billion worth of total bids, making the offer nearly twice oversubscribed. This was the seventh straight […]Read More

By Beatrice M. Laforga, Reporter The Philippine central bank raised P70 billion in short-term securities on Friday due to strong liquidity. The Bangko Sentral ng Pilipinas (BSP) fully awarded the 28-day bills it had auctioned off out of P120.55 billion worth of total bids, making the offer nearly twice oversubscribed. This was the seventh straight […]Read More

Finance Secretary Carlos G. Dominguez III said he supports the government’s recent policy shift favoring more sustainable and “green” energy sources. “The ongoing pandemic has forced us to rethink our way of economic life, which makes this an opportune moment to intensify our action on the climate crisis,” Mr. Dominguez said in his speech at […]Read More

The Philippine government has applied to the World Bank for a loan of $300 million to help local governments deal with the pandemic at community level, according to loan documents seen by BusinessWorld. According to the World Bank’s documentation, the proceeds will provide additional funding for the $530.47-million National Community-Driven Development program of the Department […]Read More

Fitch Ratings projected 2021 household spending growth at 5.7% on pent-up demand for recreational and cultural activities that had been shut down by the pandemic, with th government also continuing to deploy stimulus packages and as more people return to work. Fitch Ratings said in a report Friday that the projection, if borne out, would […]Read More