Expectations are growing among foreign banks for the Bangko Sentral ng Pilipinas (BSP) to reduce key interest rates consecutively when its Monetary Board (MB) decides on the policy stance in June and August, with global investment banking giant Goldman Sachs joining the chorus. "We continue to...
Money sent home by Filipinos working and living in the United States (US) is seen at risk from the remittance tax proposal pending in the US Congress, according to the think tank Capital Economics. "The proposed five-percent US tax on remittance outflows would have a particularly large negative...
Another 25-basis-point (bp) interest rate cut by the Bangko Sentral ng Pilipinas (BSP) is widely expected at its monetary policy meeting next month, as inflation slides and economic growth weakens. In a May 9 report, Deutsche Bank Research said the lower-than-expected 5.4-percent gross domestic...
Inflation would likely fall to a five-year low in 2025, providing policy space for more interest rate cuts supportive of economic growth, according to the think tank Capital Economics. "We expect GDP [gross domestic product] growth in the Philippines to remain relatively strong in 2025, helped by...
Emerging market (EM) currencies, including the Philippine peso, gained versus the United States (US) dollar in the aftermath of US President Donald Trump's tariff spree, according to the think tank Capital Economics. "EM currencies have generally strengthened against the dollar since 'Liberation...
The Philippines would be mildly impacted by the brewing global trade war started by United States (US) President Donald Trump and may even emerge as a "winner," according to the think tank Oxford Economics. "There are no absolute winners in a trade war, but some will fare relatively better than...
Net importing countries like the Philippines should brace for a barrage of Chinese goods as China seeks alternative markets to the United States (US) amid intensifying trade tensions between the two economic giants, according to the think tank Capital Economics. In an April 15 report, Capital...
An intensifying global tariff war would provide the Philippines with trade rerouting opportunities that the country may not fully take advantage of due to its underdeveloped logistics sector. As United States (US) President Donald Trump's tariffs target economies where significant export flows...
While the Philippines would be insulated from the tariff wars initiated by United States (US) President Donald Trump, it cannot reap the potential benefits from the supply chain restructuring of affected businesses in targeted countries. This highlights the need for the Philippines to enhance the...
The Philippines would buck the trend of weak growth prospects in emerging markets (EMs) amid the United States' (US) tariffs threat, according to the think tank Capital Economics. "In all, aggregate EM GDP growth is likely to slow in the coming quarters... we think growth will generally fall short...
US President Donald J. Trump's protectionist policies remain the top risk to Philippine economic prospects this year, according to the think tank Capital Economics. "A key uncertainty over the coming year is whether and to what extent Donald Trump follows through with his threats to impose tariffs...
The deepening rift between the Marcoses and the Dutertes reflects deep-rooted political instability in the Philippines, which ultimately hinders the country from achieving its full economic potential, according to the think tank Capital Economics. "The arrest this week of former Philippine...
