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Philippines
Friday, April 19, 2024

Julito G. Rada

PH overcomes global headwinds to post fastest growth in ASEAN

The Philippine economy weathered 2023’s global headwinds, marked by ongoing conflicts in Ukraine and the Middle East, elevated inflation and rising interest rates. Its...

BankCom sees strong market potential for OFW remittances

Bank of Commerce (BankCom), a subsidiary of conglomerate San Miguel Corp. (SMC),expects a larger market potential for its “SIKAPPINOY Asenso” all-in-one remittance, saving, and...

Gov’t keeps low end of 2-year growth target

The government may adjust the high end of the growth target range of 6.5 percent to 8 percent in the next two years amid...

BSP: Bank loans rose at faster pace in October despite high interest rates

Bank loans grew faster in October on sustained demand for credit from the different sectors of the economy, the Bangko Sentral ng Pilipinas (BSP)...

Interest rate hikes contain inflation — BSP

Bangko Sentral ng Pilipinas Governor Eli Remolona Jr. said Monday the use of appropriate monetary policy was able to contain inflation. Remolona said in his...

Foreign direct investments fell 42% to $422m in September

Net foreign direct investments (FDI) in the Philippines fell 42.2 percent in September to $422 million from $731 million a year ago, the Bangko...

GSIS registered 117% increase in 10-month net income to P80b

State-run Government Service Insurance System (GSIS) said Sunday net income in the first 10 months of 2023 jumped 117 percent to P80 billion from...

HSBC expects Bangko Sentral to keep policy rate steady 

British financial giant Hongkong and Shanghai Banking Corp. (HSBC) does not expect the Bangko Sentral ng Pilipinas to change its monetary policy stance on...

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