MANILA – Monetary officials will likely consider a hike in the central bank’s key rates in June, or once the 2022 first-quarter domestic output report is out, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said. ... Read full article
MANILA – The government’s fiscal health remains robust amidst the rejection of bids for government securities during the weekly auctions since last week, Department of Finance (DOF) Secretary Carlos Dominguez III said.... Read full article
MANILA – Concerns on the Ukraine-Russia tension and higher average domestic inflation projection for this and next year resulted in the upticks of Treasury bill (T-bill) rates on Monday. ... Read full article
BUTUAN CITY – The Department of Trade and Industry-Caraga (DTI-13) lifted the price freeze for basic necessities on Sunday, February 20, or 60 days after the region was placed under a state of calamity in December last year due to the devastation of ... Read full article
MANILA – Local government units (LGUs) have spent PHP118.9 billion combined on coronavirus disease 2019 (Covid-19) response measures as of June 2021, according to preliminary data gathered by the Bureau of Local Government Finance (BLGF).... Read full article
MANILA – Finance Secretary Carlos G. Dominguez III said he is confident the country's strong macroeconomic fundamentals would help sustain the domestic economy’s continued recovery despite risks posed by external issues.... Read full article
MANILA – As the Philippines aims to be a hub for hyperscalers in the Asia Pacific region, a world-class data center will soon rise in Malvar, Batangas.... Read full article
MANILA – The Philippines’ gross international reserves (GIR) declined to USD108.45 billion in January from USD108.79 billion in December but an economist said an increase or a record-high is possible as structural inflows remain strong.... Read full article
MANILA – Deceleration of domestic inflation rate in January 2020 allowed the main stock index to finish the week up but the peso weakened as oil prices in the international market continued to increase.... Read full article
MANILA – Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno described as “positive news” the continued deceleration of the domestic inflation rate, which slowed further to 3 percent in January 2022 from the previous month’s 3.2 percent.... Read full article
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