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WEBPhilippines’ growth outlook clouded by inflation risks. THE Philippines is likely to continue its stable growth trajectory in the medium term, although inflation and elevated interest rates remain major risks to this outlook, analysts said.
Dollar reserves hit record $112 billion - BusinessWorld Online
WEB1 day ago · THE PHILIPPINES’ gross international reserves (GIR) rose to a record high at end-September, the Bangko Sentral ng Pili pinas (BSP) said on Monday. Central bank data showed dollar reserves increased by 3.8% to $112 billion at the end of September from $107.9 billion at the end of August. “The month-on-month increase in the GIR level re f ...
Slowing inflation gives Philippine central bank room for more cuts
WEB2 days ago · THE LATEST September infla tion print and improving outlook will give the Bangko Sentral ng Pilipinas (BSP) more than enough room to cut benchmark rates further, analysts said. “With an even better in f lation outlook on the horizon, the risk of the BSP cutting its policy rate again twice this year is largely increasing,” HSBC economist for ASEAN (Association of Southeast Asian Nations ...
Leveraging technology to uplift Filipino talent
WEB1 day ago · Leveraging technology to uplift Filipino talent. The EY Entrepreneur Of The Year 2024 Philippines has concluded its search for the country’s most visionary leaders shaping opportunities and transforming industries. It is a program of the SGV Foundation, Inc., with co-presenters: the Asian Institute of Management, the Department of Trade and ...
Three more PHL regions to announce wage hikes
WEB1 day ago · In September, the wage boards of Regions IV-A (Calabarzon) and VII (Central Visayas) also approved daily increases of P21 to P75. The wage board in Region XI (Davao) has also approved a P38 minimum wage hike. The daily minimum wages in the capital region are now P645 for nonagricultural workers and …
Inflation may ease to near 4-year low - BusinessWorld Online
WEBSep 29, 2024 · By Luisa Maria Jacinta C. Jocson, Reporter . HEADLINE INFLATION likely slowed to a near four-year low in September amid falling prices of rice and fuel, giving the Bangko Sentral ng Pilipinas (BSP) room to cut benchmark interest rates further, analysts said.. A BusinessWorld poll of 15 analysts conducted last week yielded a median estimate of 2.5% for the September consumer price index (CPI).
More urgent than ever - BusinessWorld Online
WEBSep 12, 2024 · This thrust has been a key push in the country’s export development plans, including the one covering 2023-2028. Geopolitical tensions, however, have made this thrust more imperative, and urgent. Household consumption has been the Philippine economy’s biggest driver, accounting for about three-fourths of gross domestic product.
Top Stories Archives - BusinessWorld Online
WEBSep 27, 2024 · Congress leaders vow to pass budget bill on time. LEADERS of the Senate and House of Representatives on Wednesday assured the public that Congress could approve the proposed P6.352-trillion national budget for 2025 on time, despite political realignments and tension inside their backyards.
Philippines’ top 1,000 companies post P16.7 trillion in revenues in ...
WEBJan 8, 2024 · Petron Corp. returned as the largest corporation in the Philippines in 2022, ending Manila Electric Co.’s (Meralco) two-year stint as the country’s top-grossing company. Petron, which last topped the list in 2019, posted P438.87 billion in gross revenue in 2022, which was an 82.1% increase from P240.94 billion the previous year.
Ten economic issues to watch - BusinessWorld Online
WEBDec 12, 2022 · This column continues to monitor many economic issues and developments. There are 10 topics tackled here. 1. Public debt has reached P14 trillion. Last week, the Bureau of the Treasury released fiscal data for October 2022. The budget deficit has reached P1.1 trillion, interest payment alone is P43.3 billion/month average and likely to …