THE country’s economic growth will fall short of expectations in the last quarter of the year as Filipinos continue to struggle with high inflation. This is expected to lead to full-year growth of below 6 percent according to First Metro Investment Corp.-University Asia and the Pacific (FMIC-UA&P) Capital Markets Research…
WHILE the country’s economic growth targets remain attainable, the Philippine peso is expected to take a beating in the third quarter as trade deficits swell, uncertainty looms on interest rates, and the US dollar strengthens, according to a local think tank. In its latest Market Call report, First Metro Investment…
WITH inflation to have slightly cooled in February, local and international think tanks believe the Bangko Sentral ng Pilipinas (BSP) will raise interest rates by only 25 basis points (bps) on Thursday. The First Metro Investment Corp.-University of Asia and the Pacific (FMIC-UA&P) Capital Markets Research believes the increase in…
THE National Innovation Council (NIC) has approved 19 projects to tap into the government’s Innovation Fund, according to the National Economic and Development Authority (Neda). In a briefing in Malacañang, Neda Secretary Arsenio M. Balisacan said the 19 projects will draw P115 million from the Innovation Fund. Balisacan said the…
SAYING the benefits outweighed the oft-cited risks to certain local sectors, the Philippine Senate on Tuesday adopted Resolution 485 concurring in the ratification of the Regional Comprehensive Economic Partnership (RCEP) Agreement, the mega trade deal creating the world’s largest free-trade zone. Twenty senators voted in favor of the treaty, four…