The economy has returned into growth mode, posting a dramatic performance in the second-quarter as expected, but the country’s recovery is losing steam as the rapidly spreading Delta variant has forced the government to put the breaks on further reopening plans. 25245 The gross domestic product...
Consumer prices rose at a slower pace last month, sliding back within the government’s target range for the first time this year, owing to easing price hikes for transportation, the Philippine Statistics Authority (PSA) reported. National Statistician Claire Dennis Mapa said Thursday, August 5,...
Consumer prices rose at a slow pace in June brought about by moderate rise in transport cost, the Philippine Statistics Authority (PSA) reported. After the rate of increase in consumer prices rose at a steady pace for three straight months, the country’s headline inflation went down to 4.1...
Vice President Leni Robredo has called on Filipinos to register to vote in the May 2022 polls and to “remind one another of what is at stake” in the next elections. She also highlighted the invaluable contributions of women in governance and the challenges they face in achieving gender...
Four major foreign banks will finance businessman Dennis Uy’s $460 million acquisition of the 45-percent stake of Shell Philippines Exploration B.V. (SPEX) in the Malampaya gas field facility. Highly placed sources from Singapore...
For the first time since late 2006, big banks’ outstanding loans declined by 0.7 percent year-on-year in December 2020 during the initial year of the COVID-19 pandemic which pulled the economy into a recession. Total bank lending net of banks’ reverse repurchase (RRP) placements with the Bangko...
The Bangko Sentral ng Pilipinas (BSP) is expected to keep the benchmark rate unchanged when it meets on November 19, the second to its last two Monetary Board policy meetings for the year. ING Bank, HSBC and Union Bank of the Philippines’ analysts all said that the Monetary Board will not...
The COVID-19 health crisis have shut down workplaces and schools at all levels, banned public gatherings, and for all intents and purposes interrupted normal life as we know it pre-pandemic, especially for adolescents who were not even allowed to leave the house. It was challenging but a...
