BOP surplus hits 14-month high in March–BSP
The country’s balance of payments (BOP) surplus posted a 14-month high in March 2024, according to the Bangko Sentral ng Pilipinas (BSP).
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The country’s balance of payments (BOP) surplus posted a 14-month high in March 2024, according to the Bangko Sentral ng Pilipinas (BSP).
GEOPOLITICAL risks would make it more difficult for oil-dependent countries like the Philippines to tame inflation, which could accelerate to double digits if oil prices jump to unprecedented levels, according to local economists.
THE Philippines is offering a safe haven for investors amid global headwinds as it continues to undertake reforms to make the country an investment destination for foreign businesses, according to the National Economic and Development Authority (Neda).
THE Philippine government’s decision to impose a moratorium on greenfield coal plants may have cut financing for coal projects but it was not enough to raise funding for renewables, according to the Center for Energy, Ecology, and Development (CEED).
THE Bangko Sentral ng Pilipinas (BSP) remains undaunted by the recent depreciation of the peso as well as the rise in oil prices due to geopolitical tensions in the Middle East.
THE Philippines is on track to become a trillion-dollar economy by 2033 as it is seen to be well-positioned for an investment-led boom, according to BMI, a Fitch Solutions Company.
FILIPINOS could soon have more Islamic banking options as two banks are already in advanced stages of discussions to secure their Islamic banking licenses, according to the Bangko Sentral ng Pilipinas (BSP).
WHILE the Philippine economy is expected to post faster growth this year, the jobless rate is also expected to increase in 2024 and 2025, according to the International Monetary Fund (IMF).
ECONOMISTS from the Foundation for Economic Freedom Inc. said it is high time for the Philippines to “try solving the problem” after the country has already spent “100 years of solitude” from Foreign Direct Investments (FDIs).
THE Philippine financial system’s total resources increased in February this year on the back of higher resources among universal and commercial banks (UKBs), according to the latest data released by the Bangko Sentral ng Pilipinas (BSP).
THE country’s palay harvest likely posted a slight increase in the first quarter due to higher yield, based on the Philippine Statistics Authority’s (PSA) survey of standing crops.
REMITTANCES sent home by overseas Filipinos abroad continued to increase in February 2024 but their savings and investments remained at pandemic levels, according to the latest data from the Bangko Sentral ng Pilipinas (BSP).
FOREIGN borrowings approved by the Monetary Board declined 48 percent in the first quarter of 2024, according to the Bangko Sentral ng Pilipinas (BSP).
WHOLESALE rice prices jumped 31.2 percent in March 2024, according to the latest data released by the Philippine Statistics Authority (PSA).
A SYSTEM that allows traders to import a certain amount of goods at lower tariffs must be abolished, according to a member of the Monetary Board.
THE Home Development Mutual Fund or Pag-IBIG Fund has released P200 million in loans for the government’s housing projects in Luzon and the Visayas.
THE Anti-Money Laundering Council (AMLC) has recently turned over P50 million in terrorism financing funds to the Bureau of the Treasury (BTr).
DESPITE the improvement in the country’s employment data, IBON Foundation Inc. said the latest data showed jobs generation remained below target.
COMPETITION from foreign traders and more goods in the market were among the reasons that made businesses less optimistic in the first quarter of the year, according to the Bangko Sentral ng Pilipinas (BSP).
THE Bangko Sentral ng Pilipinas (BSP) received nearly 300 requests for Monetary Board opinions (MBOs) on the proposed domestic borrowings of local government units (LGUs) in 2023.
THE growth of the country’s manufacturing output posted a five-month high in February 2024, according to the latest data released by the Philippine Statistics Authority (PSA).
FILIPINOS are less optimistic about the second quarter and the next 12 months given expectations that inflation would remain high, according to the Bangko Sentral ng Pilipinas (BSP).
HIGH interest rates and efforts to siphon off excess liquidity in the market led to the slowest increase in domestic liquidity growth in over two years, according to the latest data released by the Bangko Sentral ng Pilipinas (BSP).
AS the demand for semiconductors turned a corner, the country’s export earnings posted a 16-month high in February 2024, according to the latest data released by the Philippine Statistics Authority (PSA).
VULNERABLE groups such as women and young Filipinos dropped out of the labor force in February 2024 due to household duties and schooling, according to the latest data released by the Philippine Statistics Authority (PSA).
HIGH inflation that could result from extreme weather events and pricey logistics costs prompted the Asian Development Bank (ADB) to reduce its growth expectations for the Philippines this year.
THE high-than-expected inflation print in the United States could significantly delay the decision of the US Federal Reserve to cut key policy rates, according to the Asian Development Bank (ADB).
THE country’s foreign direct investments (FDI) nearly doubled in January 2024, according to the latest data released by the Bangko Sentral ng Pilipinas (BSP).
THE Bangko Sentral ng Pilipinas (BSP) is not keen on cutting the Reserve Requirement Ratio (RRR) even if it reduces key policy rates as early as the third quarter of the year.
Strong sales and low margins are fueling the rapid expansion of hard discount store Dali, which will increase its presence in Luzon, according to a company executive.
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