News Philippines Interest: Philippines hikes rate for first time since 2018 on price risks
MANILA: The Philippine central bank raised its key interest rate for the first time since 2018 to combat South-East Asia’s second-fastest inflation. Bangko Sentral ng Pilipinas (BSP) increased the ...
News Philippines Interest: Philippines Hikes Rate While Signaling Gradual Normalization
(Bloomberg) -- The Philippine central bank raised its key interest rate for the first time since 2018 to combat Southeast Asia’s second-fastest inflation.Most Read from BloombergTarget and Walmart’s Deep Pain Could Be Your GainWalmart Flashes a Warning Sign to the Entire Consumer EconomyPlotkin Shuts Melvin Hedge Fund Reeling From Redditor AttackStocks Suffer Steepest Rout in Almost Two Years: Markets WrapChina in Talks With Russia to Buy Oil for Strategic ReservesBangko Sentral ng Pilipinas inc
News Philippines Interest: Philippines raises benchmark interest rate to 2.25%
The Philippine central bank raised its benchmark interest rate by 25 basis points on Thursday, its first hike in more than three years, to address rising inflationary pressures that could derail the ...
News Philippines Interest: Philippines kicks off tightening cycle with first rate hike since 2018 and curb inflationary pressures
The Philippine central bank raised interest rates for the first time since 2018 on Thursday night (May 19), joining peers around world in a rush to stem intensifying inflationary pressures that could ...
News Philippines Interest: Musk’s SpaceX takes interest in Philippines expansion
MANILA, Philippines — The Board of Investments (BOI) is in talks with Space Exploration Technologies Corp. (SpaceX) of tech billionaire Elon Musk for the latter’s plan to provide satellite internet services in the country. In a statement yesterday, the investment promotion agency said meetings were held in November and December last year and earlier last month to discuss the potential expansion of the company’s Starlink satellite internet...
News Philippines Interest: Diokno: Philippines debt still manageable
MANILA, Philippines — The country’s debt stock remains manageable despite breaching the P12-trillion mark in January amid more borrowings to fund the government’s pandemic response measures, according to Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno. Despite rising to 61 percent of the country’s gross domestic product (GDP) last year from 39.6 percent prior to the COVID outbreak, Diokno said the debt-to-GDP ratio remains manageable...
News Philippines Interest: DOH: Omicron sub-variant not yet seen in Philippines
Until now, we have not yet detected any BA.2 sub-variant here in the country,” DOH Undersecretary Maria Rosario Vergeire said.
News Philippines Interest: Philippines' 2021 GDP growth likely stronger than previous forecasts — AMRO
The Philippine economy likely grew faster than previously projected last year, and continued support from the government is needed to sustain the recovery.
