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Central bank sees price increases continuing

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Inflation may breach the top end of the central bank target this month to reach its highest point since April 2009 on the back of higher food prices.

Posted: August 29th, 2014 in Headlines | Read More »

Economy rebounds: 6.4%

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A vendor arranges eggs for sale at a wet market in Manila on Thursday, Aug. 28, 2014. The Philippine economy bounced back to post 6.4 percent growth in April to June, the second-highest in Asia despite "underspending" by the government, authorities said.  AFP PHOTO/NOEL CELIS

Economic growth was faster than expected in the second quarter, driven by the strong manufacturing sector, putting the country back on track to meeting state targets.

Posted: August 29th, 2014 in Latest Business Stories | Read More »

RCBC to issue new negotiable certificates of time deposit

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SCREENGRAB from www.rcbc.com

Rizal Commercial Banking Corp. plans to raise as much as P5 billion in fresh funds for expansion from an offering of high-yielding negotiable certificates of time deposit by the fourth quarter of this year.

Posted: August 27th, 2014 in Latest Business Stories | Read More »

BSP forecast to raise rates in September

The Bangko Sentral ng Pilipinas (BSP) is likely to raise its overnight borrowing rate by another 25 basis points in its monetary setting this September to prevent negative real rates that might fuel a local borrowing binge, an economist from Citigroup said. In a commentary dated Aug. 5, Citi economist for the Philippines Jun Trinidad said local inflation rate was [...]

Posted: August 25th, 2014 in Headlines | Read More »

Monetary officials wary of tapering aftershocks

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Monetary officials remain wary of aftershocks from last year’s so-called “taper tantrum” that marked the beginning of the end of ultra-cheap money policies in the US, sending markets in emerging economies into bear territory. The Bangko Sentral ng Pilipinas (BSP) said that, although financial markets have stabilized, emerging markets remain far from being out of the woods. “There is still [...]

Posted: August 25th, 2014 in Headlines | Read More »

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