Philippine central bank revises 2023 current account projection
MANILA (Reuters) – The Philippine central bank said on Friday it expects a current account deficit of $17.1 billion for 2023, equivalent to 4% of gross domestic product, taking into…
MANILA (Reuters) – The Philippine central bank said on Friday it expects a current account deficit of $17.1 billion for 2023, equivalent to 4% of gross domestic product, taking into…
MANILA (Reuters) – The Philippine central bank said on Friday that the local banking system remains safe and sound, amid concerns over the potential for contagion stemming from banking turmoil…
MANILA (Reuters) – The Philippine stock market’s opening was delayed by half an hour on Wednesday because of a technical issue, the bourse operator said. Trading on the exchange was…
MANILA (Reuters) – Philippine inflation was likely within the 7.8% to 8.6% range in December because of upward pressures from higher electricity rates and agricultural commodities prices, the central bank…
MANILA (Reuters) – The Philippine central bank on Thursday said it was backing the creation of a sovereign wealth fund being pushed by President Ferdinand Marcos Jr, after having earlier…
MANILA (Reuters) – The Philippine central bank may pause its interest rate hikes in the first quarter of next year if there are “no major shocks”, its governor said on…
By Shaloo Shrivastava BENGALURU (Reuters) – The Philippine central bank will opt for a jumbo 75 basis point interest rate hike on Thursday to combat soaring inflation and limit weakening…
MANILA (Reuters) – Philippines central bank governor Felipe Medalla repeated on Friday he will vote to raise interest rates by 75 points at the monetary authority’s Nov. 17 meeting. Medalla,…
MANILA (Reuters) – The Philippine government will help ensure inflation will be on target-consistent path over the medium term by addressing supply shocks and bottlenecks, Finance Secretary Benjamin Diokno said…
MANILA (Reuters) – Billionaire Elon Musk’s Space Exploration Technologies Corp (SpaceX) is expanding into the Philippines by offering satellite broadband service to businesses and the government, his local partner said…
MANILA (Reuters) – The Philippine central bank said on Tuesday it was taking steps to manage any disruption in the financial market, and urged participants not to take advantage of…
MANILA (Reuters) – The Philippine central bank on Friday said it expects the annual inflation rate for September to stay within the 6.6% to 7.4% range. Inflation for the month…
By Neil Jerome Morales and Enrico Dela Cruz MANILA (Reuters) – The Philippine central bank hiked its benchmark interest rates by half a percentage point on Thursday, and said it…
MANILA – The Philippine central bank will continue supporting the economy’s recovery despite a planned 25 or 50 basis point rate hike this month, its governor said on Tuesday. Current…
MANILA – The Philippine central bank expects inflation to ease back to within its 2%-4% target band next year, from a projected average of 5% this year, its governor said…
By Neil Jerome Morales and ADRIAN PORTUGAL BANGUED, Philippines -Philippines President Ferdinand Marcos promised on Thursday to help rebuild homes damaged by a powerful earthquake on the island of Luzon,…
MANILA – Philippine’s central bank is ready use the “full force of available measures” and take all necessary monetary policy actions to combat inflation, its governor said on Thursday, after…
MANILA – The Philippine central bank is ready to use available tools to bring inflation back within the official 2%-4% target range, its governor said on Monday, after last week’s…
By Enrico Dela Cruz and Karen Lema MANILA – Philippine inflation surged to the highest level in nearly four years in June, cementing expectations for more interest rate hikes and…
By Savyata Mishra (Reuters) – Bearish bets on the Philippine peso grew as the central bank adopted a more modest approach than its peers to tamp down inflation, while short…
MANILA – Incoming Philippine central bank governor Felipe Medalla said on Wednesday he was not ruling out further interest rate hikes to combat above-target inflation even as he stressed that…
TOKYO – The Philippines on Wednesday appealed directly to consumers in its top export market Japan to pay higher prices for imported bananas to help shoulder a surge in production…
MANILA – Philippine central bank governor Benjamin Diokno, who takes on a new role as finance secretary next month, said on Friday he does not favour raising taxes even as…
BROWNSVILLE, Texas – A 47-year-old Harlingen man has been ordered to federal prison following his conviction of receiving child [censored]ography, announced U.S. Attorney Jennifer B. Lowery. Rico Giovanni Machietto pleaded…
By Md Manzer Hussain BENGALURU – The Philippine central bank will kick off its tightening cycle on Thursday, much earlier than previously thought, joining peers around the world in a…