Philippine central bank governor sees room for further rate hike
MANILA (Reuters) – The Philippines central bank was still hawkish with monetary policy and saw further room for an interest rate hike, with a cut unlikely anytime soon, its governor said on…
Philippine central bank to back wealth fund after raising transparency concerns
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 raised concerns…
Philippine central bank may pause rate hikes in Q1 if no shocks
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 Tuesday. The…
Philippine central bank to raise rates by 75 bps- Reuters poll
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 in the…
Philippine central bank governor sticks to 75 bps rate hike plan
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, who heads…
Philippine govt to address supply bottlenecks to tame inflation – Finance Minister
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 on Friday.…
Elon Musk’s SpaceX partners with Philippine tycoon on satellite service
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 on Thursday.…
Philippine central bank says ready to manage market disruption as peso slumps
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 a peso…
Philippine central bank says September annual inflation within 6.6% to 7.4% range
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 is expected…
Philippine cbank hikes rates again, raises inflation forecast
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 was ready…
Philippine central bank to continue supporting economic recovery despite rate hikes
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 policy rates…
Philippine central bank chief sees 2023 inflation back within target band
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 on Friday.…
Philippine president visits quake-hit area as residents shelter outside
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, as terrified…
Philippine central bank to use “full force” of measures to tackle inflation risks
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 the U.S.…
Philippine cbank ready to use available tools in inflation fight – governor
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 surprise 75…
Philippine inflation near 4-year high, cements prospect of more rate hikes
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 increasing the…
Philippine cenbank’s modest rate-hike stance lifts bearish bets on peso- Reuters poll
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 positions on…
Incoming Philippine central bank governor not ruling out more rate hikes
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 future policy…
Philippine banana growers plead for Japanese consumers to bear price hikes
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 costs. Prices…
Incoming Philippine Finance Minister does not favour tax hikes to tackle debt
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 the incoming…
Exploiting Philippine minors through Facebook lands Texan in federal prison
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 guilty Oct.…
Philippine central bank to kick off tightening cycle on May 19
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 race to…
Philippine leader approves bill raising sex consent age from 12 to 16
MANILA – Philippines President Rodrigo Duterte has signed into law a bill that raises the minimum age of sexual consent from 12 to 16, his office said on Monday, in a bid…
Philippine central bank to keep steady hand on policy lever until Q4’22 – Reuters poll
By Md Manzer Hussain BENGALURU – The Philippine central bank will wait until the end of the year before raising interest rates from a record low 2.0% to support an uneven economic…
Breaking News
