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Inflation to peak in Q3

PRICES of major commodities may peak sometime in the third quarter following a slowdown in June, but it is still possible that full-year inflation may be lower than the 4.7 percent average forecast, Full Article

Government to review borrowing program

THE Aquino administration will embark on an aggressive liability management effort by exploring various options available to government, Finance Secretary Cesar Purisima said on Wednesday. Purisima Full Article

Consumers to enjoy lower money transfer fees – BSP

THE Bangko Sentral ng Pilipinas (BSP) said that consumers will continue to enjoy lower money transfer and remittance costs due to heightened competition between banks and companies that offer money Full Article

Institute of International Finance sees 6.2% RP growth this year

THE economy is poised to grow by 6.2 percent this year on the back of a recovering global environment, the Institute of International Finance (IIF) said in its latest report on the country. IIF said Full Article

DTI approves removal of expiry dates on gift checks

Manila, Philippines – the Department of Trade and Industry has issued an administrative order removing the expiration of gift certificates, checks and cards. Zenaida Maglaya, Trade Full Article

RP economy expected to benefit from yuan rise

CHINA’S move to allow the yuan to appreciate could benefit the Philippines, the central bank and analysts said on Sunday. Removal of the dollar peg would, in particular, make Philippine exports Full Article

Consumer confidence hits record high of 10% in Q2 – BSP

CONSUMER confidence in the next 12 months has become more optimistic due to the outcome of the recent elections. In the latest Consumer Expectations Survey (CES) of the Bangko Sentral ng Pilipinas Full Article

March exports grow 43.7%, highest since 1991

MERCHANDISE exports rose 43.7% in March as demand from the country’s main markets continued to recover along with the global economy. Data from the National Statistics Office (NSO) showed that Full Article

February exports rise for four straight months

Philippines’ exports grew for the fourth straight month in February driven by increased demand for the country’s electronic goods. Exports grew 42.3% year-on-year after a 42.5% rise in Full Article

ADB hikes RP growth forecast to 3.8%

THE Asian Development Bank (ADB) has upgraded its growth forecast for the Philippine economy this year to 3.8 percent, from an earlier estimate of 3.1 percent, driven by increased private consumption Full Article

BSP pushes for upward revision of 2010 export growth target

Monetary authorities are pushing for the upward revision of the country’s export growth target for this year. Bangko Sentral ng Pilipinas (BSP) Deputy Governor Diwa Guinigundo told reporters that Full Article

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