Tightened rules and stricter oversight of the gaming sector may have hampered efforts to recover revenues lost in previous quarters, but global credit rating agency S&P Global Ratings said a more supportive visa policy and the rebound in online gambling could help gaming operators bounce back in...
Philippine manufacturing activity improved for a second straight month in June as stronger domestic demand supported new orders and production, although business confidence fell to its lowest level in five months as firms remained wary after recent cost pressures. In a report on Wednesday, July 1,...
Eight emerging market (EM) economies, including the Philippines, are likely to suffer the severe effects of El Niño, S&P Global Ratings projected, warning that below-average rainfall could significantly affect water and electricity supply, as well as rice and corn production. “Drought conditions...
Philippine manufacturing activity returned to growth in May as output and new orders recovered, but factories continued to shed jobs while cost pressures intensified amid supply-chain disruptions and the prolonged war in the Middle East, S&P Global said. In a report on Monday, June 1, S&P Global...
Philippine manufacturing growth slowed in March as input prices spiked amid rising energy costs tied to the war in the Middle East. In a report on Wednesday, April 1, S&P Global said the Philippines ’ purchasing managers’ index (PMI) eased to 51.3 last month from 54.6 in February, signaling a...
Amid rainy weather, higher tariffs, and an import ban, the Philippine manufacturing sector slipped back into contraction in September as its purchasing managers’ index (PMI) fell to 49.9, the lowest in six months and only the third decline in more than four years. S&P Global Market Intelligence...
S&P Global reported that credit growth across emerging markets (EMs) in Asia has generally softened in the first six months of the year, except in the Philippines and Vietnam, where lending has notably picked up pace. According to debt watcher S&P Global, loans from major banks, including universal...
Expectations of as much as 100 basis points (bps) in interest rate cuts by the Bangko Sentral ng Pilipinas (BSP) next year would put more pressure on domestic banks’ margins, according to debt watcher S&P Global Ratings. In a recent report, S&P Global forecast the BSP policy rate to drop further...
As manufacturers experience only mild producer price inflation, central banks in emerging markets (EMs), including the Philippines, are expected to cut interest rates some more in the near term. “Encouragingly, the price components of the PMIs [purchasing managers’ indices] fell again in June....
Philippine factory growth showed recovery in June from May’s notable loss as production improved, and new orders increased at a faster rate. According to the latest data from debt watcher S&P Global, there was a “slight revival in the Filipino manufacturing sector” last month following a...
While geopolitical tensions and the United States’ (US) tariffs have been spilling over to the Philippines, debt watcher S&P Global said the country’s 10 largest banks are stable enough against external risks. “Large banks are on solid ground amid tariff tensions,” Nikita Anand, director at...
Following the pickup in manufacturing in April, Philippine factory growth in May slowed to an almost stagnant pace as production declined due to waning demand for new orders from foreign markets and the sharpest drop in employment in the sector in nearly a year. Data from S&P Global revealed that...
