Uncertainty over price movements could delay the Bangko Sentral ng Pilipinas’ (BSP) next 25-basis-point (bps) policy rate cut to December, according to American banking giant Citi. “Barring a significant growth shock, the immediate uncertainty on inflation could push the [monetary policy...
Consumer prices may have risen at a faster pace in August, the central bank projected, as recent typhoons and excessive rainfall likely stoked the cost of basic goods, especially food items. Last month’s inflation is expected to clock within the range of one percent to 1.8 percent, according to...
Citi Philippines received three awards from the American Chamber of Commerce of the Philippines (AmCham Philippines) inaugural Corporate Social Impact (CSI) Awards. AmCham Philippines launched the awards last May in partnership with the United States Embassy in the Philippines, highlighting...
Private-sector economists believe the Bangko Sentral ng Pilipinas (BSP) has room for two more cuts in key borrowing rates, following four straight months of inflation staying below the government’s target band of two to four percent, and amid continued risks of economic underperformance. “Given...
Following the lower-than-expected gross domestic product (GDP) growth of 5.2 percent in the third quarter, Citi Research expects that stronger domestic demand will prompt a shift to six percent growth for the last three months. Citi Philippines economist Nalin Chutchotitham has revised her...
By DERCO ROSAL The Philippines is poised for potential credit rating upgrade given the country’s resilient economy and positive growth outlook, global banking giant Citi executives stated. “Citi executives expressed confidence that the country is well-positioned for a credit...
EDITORS DESK I once heard a top government official sharing his conversation with his daughter as to why he accepted the position. He told his daughter that he accepted the job because he wanted to serve his country, to which his daughter retorted, “That’s corny.” Following that line, Paul A....
Students from the University of Asia and the Pacific (UA&P) emerged as one of the four winning teams of the Citi Asia Pacific Treasury and Trade Solutions (TTS) regional case tilt for university students. (Photo from Citi TTS) UA&P Industrial Economic students Ethan Gabriel Lee, Josh Cody...
Citigroup Inc. could fetch as much as $6 billion from the sale of retail banking assets in 13 markets across the Asia-Pacific region, Europe and the Middle East as the lender forges ahead with plans to fine-tune its global branch network, people familiar with the plan said. The sale process for...
Two of the country’s big banks BDO Unibank Inc. and Bank of the Philippine Islands (BPI) are currently looking into acquiring Citi Philippines’ retail business after its parent global company, US-based Citibank N.A., announced its planned exit. BDO president and CEO Nestor V. Tan said...
