Monetary board green lights $2.7 billion 3Q government borrowing plan
The monetary board of the Bangko Sentral ng Pilipinas (BSP) on Friday approved the government plan to borrow $2.7 billion more from overseas creditors in the quarter ending September this year.
Manila emerges from Article IV consultations “strong” post-pandemic
The Philippines is adjudged to have emerged from the pandemic on strong economic footing based on the preliminary assessment of a four-man visiting team from the International Monetary Fund (IMF).
“Sugar tax anti-obesity goal rather vague”
Some in the legislature have difficulty supporting the proposal to double the excise tax on sugar to P12 from the current P6, saying its anti-obesity objective is unclear and rather misleading.
IMF forecasts slow, uneven global growth this year
Global growth this year, seen as slow and uneven, is forecast to remain well below the 20-year average of 3.8 percent, according to International Monetary Fund managing director Kristalina Georgieva.
Food price in superdrive in September, confounding forecasts
Headline inflation accelerated to the upper limit of official forecast and hit 6.1 percent in September and well above market consensus of only 5.3 percent, the Philippine Statistics Authority (PSA) reported on Thursday.
