The central bank will no longer limit its rediscounting facility through a budget and instead adopted an “open regime” principle as a monetary policy tool to infuse liquidity to a pandemic-hit market. The Bangko Sentral ng Pilipinas (BSP) used to have a specific budget for its Peso Rediscount...
The country’s exports increased in September this year, the first monthly growth in seven months, data from the Philippine Statistics Authority (PSA) showed. As the country’s economy gradually reopened, sales from export during month returned to growth for the first time since February, a month...
Exporters and labor groups yesterday scored the Duterte administration on the way they’re handling the Generalized System of Preferences (GSP) Plus issue with the EU stressing the offensive statements will not do the country good especially to roughly 600,000 workers who will be affected if the...