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The Philippines' full-year economic growth target is now a challenge to achieve, a top central bank official claimed but said this should call for more public spending to boost the economy.

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The country’s economic managers remain optimistic that growth could hit the high-end target of seven percent this year, despite a probable slowdown in the fourth quarter due to the devastation caused by the recent natural calamities.

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Pilipinas Deputy Governor Diwa Guinigundo

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The country’s economic managers remain optimistic that growth could hit the high-end target of seven percent this year, despite a probable slowdown in the fourth quarter due to the devastation caused by the recent natural calamities.

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abtest

Strong Aug remittance growth baffles economists

By Lawrence Agcaoili | October 19, 2016 - 12:00am

Authorities and economists are baffled by the sharp rebound in the growth of cash remittances in August and expect the amount of money being sent home by overseas Filipinos to slow down in the coming months.

Business

BSP chief says government needs to spend more

By Carlo S. Lorenciana | August 30, 2015 - 10:00am

The Philippines' full-year economic growth target is now a challenge to achieve, a top central bank official claimed but said this should call for more public spending to boost the economy.

Freeman Cebu Business

NEDA lowers Q4 growth target

By Ted P. Torres | November 16, 2013 - 12:00am

The country’s economic managers remain optimistic that growth could hit the high-end target of seven percent this year, despite a probable slowdown in the fourth quarter due to the devastation caused by the...

Business

Asian corporates face higher financing costs

July 2, 2013 - 12:00am

Asian corporates face higher financing costs for expansion plans as the recent financial market turmoil underscored the fast-growing region’s vulnerability to sell-offs, an investment bank said yesterday....

Business

'Peace deal to boost Phl's credit rating'

By Neil Jerome Morales | October 13, 2012 - 12:00am

Credit rating agencies are “very pleased” with developments in the Philippines, particularly on the economic and political fronts, Finance Secretary Cesar Purisima said yesterday.

Headlines

BSP sees slower growth in forex reserves

By Lawrence Agcaoili | December 22, 2010 - 12:00am

Monetary authorities believe that the growth in the country’s gross international reserves (GIR) would slow down next year due to the weak economic recovery being experienced by advanced economies, including...

Business

BSP monetary policy stance 'appropriate'

By Lawrence Agcaoili | July 5, 2010 - 12:00am

Monetary authorities believe that the current policy stance remains appropriate as of the moment in light of the benign inflation outlook.

Business

BSP says new administration needs plan to sustain Q1 growth

By Lawrence Agcaoili | May 31, 2010 - 12:00am

Monetary authorities urged the incoming Aquino administration to lay down a clear cut fiscal consolidation plan to help sustain the stronger-than-expected economic growth registered in the first quarter of the ...

Business

BSP says strong first quarter growth won't spur runaway inflation

By Lawrence Agcaoili | May 29, 2010 - 12:00am

Monetary authorities believe that the stronger-than-expected economic growth registered in the first quarter of the year would not result in runaway inflation this year.

Business

European debt crisis could stall exit plan

By Lawrence Agcaoili | May 24, 2010 - 12:00am

Monetary authorities believe that Europe’s debt crisis and the pace of the global economic recovery could delay the continued implementation of the central bank’s exit strategy.

Business