In its latest report on the state of financial inclusion, the Bangko Sentral ng Pilipinas (BSP) says that access to and usage of formal financial products and services continues to improve in the country. Out of 1,634 local government units or LGUs (cities and municipalities), the number of unbanked areas declined to 571 LGUs (34.9% […]
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Manila—(PHStocks)—The National Economic and Development Authority (NEDA) projects the moderate inflation rate registered in the first six months of 2017 to continue for the rest of the year. This is following a report released by NEDA-attached agency Philippine Statistics Authority (PSA) stating that headline inflation further slowed to 2.8 percent in June 2017 from 3.1 percent in […]
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Manila—(PHStocks)—The country’s headline inflation further eased to 2.8 percent in June 2017, according to data released by the Philippine Statistics Authority. It was posted at 3.1 percent in May 2017 and 1.9 percent in June 2016. The indices of the following commodity groups registered lower annual gains during the month: Food and Non-Alcoholic Beverages (3.5%) […]
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Manila—(PHStocks)—The Philippines’ gross domestic product (GDP) grew year-on-year by 7.1 percent in the third quarter of 2016. This growth is driven by Manufacturing, Trade, and Real Estate, Renting and Other Business Activities. This is higher than the growth rates of 7.0 percent in the second quarter of 2016 and 6.2 percent in the third quarter […]
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Manila—(PHStocks)—Bangko Sentral ng Pilipinas (BSP)—A group of East Asia Pacific central banks is closing its US-dollar denominated bond fund and transferring the investment to a local-currency bond fund in order to enhance local-currency bond market development in the region. The Executives’ Meeting of East Asia Pacific (EMEAP) central banks, a group of 11 central bank […]
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Manila—(PHStocks)—Philippine Statistics Authority (PSA)—The total quantity of domestic trade transactions via water and air decreased by 18.2 percent, from 4.12 million tons to 3.37 million tons during the third quarter of 2015. About 99.7 percent were traded through water. The total value of commodities that flowed within the country decreased by 37.4 percent from PhP144.397 […]
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Manila—(PHStocks)—Philippine imports grew by 29.2 percent from a year ago in April 2016, due to double-digit growth in purchases of capital goods, raw materials and intermediate goods, and consumer goods, according to the National Economic and Development Authority (NEDA). The Philippine Statistics Authority reported today that Philippine imports grew to US$6.5 billion in April 2016 […]
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Manila—(PHStocks)—The exit of the United Kingdom (UK) from the European Union (EU), also known as Brexit, has minimal direct effect on the Philippine economy due to strong macroeconomic fundamentals, according to the National Economic and Development Authority (NEDA). “The direct effect of Brexit does not seem substantial, even as we expect that domestic financial markets […]
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