GOVERNMENT officials and experts warned that the blackouts that crippled the islands of Panay and Guimaras could happen again unless the delayed power projects are immediately constructed, new protocols are put in place, and a more diversified mix of energy sources is embraced. “It might happen again unless we finish…
THE Philippines needs to stock up on its dollar reserves to ensure that its Gross International Reserves (GIR) is “keeping up” with the country’s debts, according to a local economist. In his presentation at the First Metro Investment Corp. (FMIC)-University of Asia and the Pacific (UA&P) economic briefing on Wednesday,…
THE Philippines failed to attract more foreign investments as the latest data showed Foreign Direct Investment (FDI) inflows posted double-digit contractions in October 2023, according to the Bangko Sentral ng Pilipinas (BSP). In a statement, BSP said FDI inflows declined 29.6 percent to $655 million in October 2023 and by…
BANGKO Sentral ng Pilipinas Governor Eli M. Remolona Jr. said an interest policy rate cut is “highly unlikely” in the next few months as such policy move is not yet supported by various economic indicators. Remolona pointed out that there are certain conditions that must be met before the Monetary…
The country’s Balance of Payments (BOP) is expected to register a surplus this year and next year, according to the Bangko Sentral ng Pilipinas (BSP). In its latest BOP outlook, BSP said the country could register a surplus of $1.1 billion this year, significantly higher than the contraction of $100…