GLOBAL uncertainties pushed foreign investors away from Philippine shores as Foreign Direct Investment (FDI) net inflows contracted in 2023, according to the Bangko Sentral ng Pilipinas (BSP). Based on the latest data, full-year 2023 FDI net inflows declined 6.6 percent to $8.9 billion from $9.5-billion net inflows recorded in 2022.…
THE Bangko Sentral ng Pilipinas (BSP) has no plans to make any change in its monetary policy stance until the country’s inflation rate reaches the 2 to 4 percent target range which is expected next year. In the Philippine Economic Briefing in Dubai, United Arab Emirates, BSP Deputy Governor Francisco…
FOREIGN short-term investor sentiment turned sour towards the latter part of the first quarter of 2022 as more investors chose to pull out their capital from the Philippines in March. A private bank economist said growing uncertainty over global and local developments could affect the economy and, subsequently dampen investors’…
THE weaker-than expected impact of the recent Omicron surge on the country’s economy drove the International Monetary Fund’s (IMF) most recent move to upgrade its projection on the Philippine economy. In an e-mailed response to the BusinessMirror, IMF Resident Representative to the Philippines Ragnar Gudmundsson said the revision of their…
THE country’s transactions with the rest of the world reverted to a surplus in the first quarter of the year, after a positive performance in March, the Bangko Sentral ng Pilipinas (BSP) reported. The Balance of Payments (BOP) in January to March hit a $495- million surplus, despite two consecutive…