With March inflation exceeding the Bangko Sentral ng Pilipinas ’ (BSP) forecast, largely due to spillover from global oil price and supply shocks, the central bank warned that a prolonged crisis could seep into the broader consumer basket. This could dampen expectations of a near-term return to...
While the Philippine economy has already been recovering from its deep recession during the height of the Covid-19 pandemic, hitting its growth potential of six percent would be challenging given the global uncertainties spilling over domestically, according to the Department of Finance (DOF)....
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...