With headline inflation falling to its lowest level in over five years, local and international financial institutions now expect the Bangko Sentral ng Pilipinas (BSP) to cut key interest rates by a total of 75 basis points (bps) by year-end, with the first reduction likely as early as the upcoming...
The Philippines must pursue long-term reforms to thrive amid intensified uncertainty wrought by geopolitics and external developments, including Donald J. Trump's impending return to the White House seen solidifying the United States' trade protectionism, according to a World Bank economist. On the...
The Philippine economy is poised to weather regional challenges, including inflation, geopolitical tensions, and debt concerns, the ASEAN+3 Macroeconomic Research Office (AMRO) said. “[The] Philippines [has] a very different economy from the other ASEAN in a sense that is a very service-driven...
Easy monetary policy supportive of economic growth across the Asia-Pacific region would follow the US Federal Reserve's cut in interest rates by an aggressive 50 basis points (bps), according to the top economist of the Manila-based Asian Development Bank (ADB). "I think it's good for the region...
The Department of Finance (DOF) onboarded a new talent from the Sy-led China Banking Corp. to lead the unit responsible for analyzing emerging economic issues and developments. Domini S. Velasquez, the former chief economist of Chinabank, is set to join the DOF this week to head the Office of the...
Finance Chief Economist Gil S. Beltran said the government would need an additional P250-billion per year to bring down the government’s financing gap to a figure comparable to the pre-pandemic level of 3.4 percent. This developed as the Department of Finance (DOF) warned Tuesday, June 7, that...
The Department of Finance (DOF) estimated that the national government’s debt could have been P2.2 trillion more had President Duterte supported the revenue-eroding proposals in Congress at the height of the pandemic. In a statement, Finance Chief Economist Gil S. Beltran said that total debt...
High debt load and low revenue collection will become bottlenecks to the country’s return to a rapid and sustainable economic growth path, the Department of Finance (DOF) said. As the government transitions to the next administration, Finance Chief Economist Gil S. Beltran said that fiscal...
With the forthcoming change in leadership, the Department of Finance (DOF) said the government should continue its reforms in the military and uniformed personnel (MUP) pension scheme to ensure the county's fiscal stability. Finance Chief Economist Gil S. Beltran said the government is spending...
Beltran named first PTA president By CHINO S. LEYCO The Board of Trustees of the Philippine Tax Academy (PTA) has unanimously voted to elect Department of Finance (DOF) Chief Economist and retired Undersecretary Gil S. Beltran as the institution’s first president. Finance Secretary and PTA Board...
The ongoing geopolitical conflict in Eastern Europe would further complicate the lingering effects of the African Swine Fever (ASF) on consumer prices, the Department of Finance (DOF) said. In a DOF Economic Bulletin released on Sunday, April 24, Finance Chief Economist Gil S. Beltran said that the...
Despite easing restrictions, the economy has not yet fully returned to its investment-led growth orientation seen before the pandemic struck, the Department of Finance (DOF) said on Sunday, April 16. Finance Chief Economist Gil S. Beltran said that capital formation as a percentage of real economy,...
