uncertainties. The Bangko Sentral ng Pilipinas( BSP) kept the rate on the overnight reverse repurchase

September with US$ 105. 93bil( RM445. 81bil), representing 27.3% of the domestic economyThe Bangko

by President-elect Ferdinand “ Bongbong ” Marcos Jr. Diokno, whose term at Bangko Sentral ng

combat South-East Asia’s second-fastest inflation. Bangko Sentral ng Pilipinas( BSP) increased the

recede. Bangko Sentral ng Pilipinas left the benchmark rate at 2% yesterday, as predicted by all

to steady transport costs, giving the Bangko Sentral ng Pilipinas( BSP) more room to maintain its

MANILA: The Philippines inflation hit the highest level in six months in March, exceeding market forecasts, but while the central bank warned of further price pressures ahead it did not anticipate a need for monetary policy intervention for now. The Consumer Price Index rose 4.0% last month from a year earlier, faster the 3.7% median forecast in a Reuters poll and near the upper end of the central bank’s projected range of 3.3% to 4.1% for the month. The Philippine Statistics Authority has yet t

“ The rebuilding of savings following last year’s drawdown continues to hold back discretionary spending.” The second-quarter CES showed that the share of households with savings rose to 28.3% from 24.7% in the third quarter of last year.“ This is still 10 percentage points off the pre-virus level, as many are still not in any position to set aside savings, ” he added.It said the government’s vaccination effort had accelerated to more than 250, 000 jabs daily, improving the prospects that commun

MANILA: The Philippine economy exited a pandemic-induced recession with its fastest year-on-year growth in over three decades, but tighter COVID-19 curbs could hamper the recovery and boost expectations monetary policy will remain accommodative for the rest of 2021. Gross domestic product( GDP) rose 11.8% in the June quarter from a COVID-driven slump a year earlier, posting the biggest year-on-year expansion since the fourth quarter of 1988, as domestic demand improved, the statistics agency sai

BENGALURU: Indonesian shares jumped nearly 1% on Wednesday to lead gains among most emerging Asian equities, as China Evergrande's promise to pay some bond interest calmed nerves, while Singapore stocks hit four-month lows due to a spike in COVID-19 cases. Shares in Manila moved further away from multi-week lows and equities in Jakarta were set for their best day since Aug.... 30 after Evergrande allayed fears of an imminent collapse. Markets had already begun to stabilise on Tuesday as analyst