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Despite poor Q2 GDP data and MB pause, BSP chief sees room to hike interest rates

DESPITE the economy’s recent lackluster performance in the second quarter and the hawkish pause of the Monetary Board (MB) on Thursday, the Bangko Sentral ng Pilipinas (BSP) believes there is still room to hike interest rates. In a television interview on Friday, BSP Governor Eli M. Remolona Jr. said there…

United statesElim remolona jrBangko sentralFrancisco dakila jrMonetary boardGovernment final consumption expenditureUnited states federal reserveThai bahtMalaysian ringgitGovernor francisco dakila

Despite slower Q2 growth, Diokno says 6% full-year growth goal achievable

The Marcos administration’s chief economic manager, Finance Secretary Benjamin Diokno has expressed confidence that the government’s full-year economic growth target remains attainable despite the slowdown seen in the second quarter.

Benjamin dioknoFerdinand marcos jrArsenio balisacanNational economicBureau of the treasuryDevelopment authorityEconomic development groupFinance secretary benjamin dioknoGovernment final consumption expenditureSecretary arsenio balisacanFerdinand marcosDepartment of financePhilippine economy

Philippines GDP growth rate decelerates to 4 3% in 2nd quarter

Philippines’ GDP growth rate decelerates to 4.3% in 2nd quarter

Ferdinand marcos jrClaire dennis mapaArsenio balisacanNational economicPhilippine statistics authorityGross national incomeDevelopment authority nedaGross domestic productPresident ferdinand marcosDevelopment authoritySecretary arsenio balisacanGovernment final consumption expenditureNet primary incomeSunstar philippines14 3

GDP Expands by 4 3 Percent in the Second Quarter of 2023 | Philippine Statistics Authority

GDP Expands by 4 3 Percent in the Second Quarter of 2023 | Philippine Statistics Authority
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Philippine statistics authorityGross national incomeNational statisticianDomestic productYear growth ratesYear on growth ratesPhilippine statisticsPhilippine gross domestic productHousehold final consumption expenditureGovernment final consumption expenditureNet primary incomeCivil registrar

Gov t stepping up spending to recover lost momentum after economy slowed in Q2

Gov t stepping up spending to recover lost momentum after economy slowed in Q2
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Benjamin dioknoFerdinand marcos jrArseniom balisacanPhilippine statistics authorityEconomic development groupDevelopment authority nedaNational economicDepartment of financeDepartment of budgetPresident ferdinand marcosPhilippine gross domestic productGovernment final consumption expenditureDevelopment authorityFinance secretary benjamin dioknoNeda chief arsenio