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DBCC narrows 2022 growth forecast, sees higher inflation

ABS-CBN News
Updated as of May 24 08:48 PM

The Philippine economy is seen growing between 7 to 8 percent in 2022, which is narrower than the earlier 7 to 9 percent growth forecast. Read more »

BSP hikes interest rate to 2.25 percent as inflation accelerates

ABS-CBN News
Updated as of May 19 07:02 PM

The Bangko Sentral ng Pilipinas on Thursday raised its benchmark rate by 25 basis points to 2.25 percent amid quickening inflation. Read more »

Japan first-quarter GDP shrank as omicron wave hit

Agence France-Presse
Posted at May 18 09:06 AM

Japan's economy shrank 0.2 percent in the first quarter of 2022, official data showed Wednesday, hit by Covid-19 restrictions forced by an omicron surge and the effect of higher prices. Read more »

E-sabong for taxes? Marcos spox says not so fast

Katrina Domingo, ABS-CBN News
Posted at May 17 08:45 PM

The camp of presumptive President Ferdinand "Bongbong" Marcos Jr. on Tuesday said he is not keen on tapping e-sabong to pay the country’s surging debt. Read more »

Economic growth target 'doable': NEDA's Chua

ABS-CBN News
Posted at May 16 12:33 PM

The Philippine economy is seeing one of the world's fastest recovery from the impact of the pandemic but the next government should remain prudent to keep the current gains, Socioeconomic Planning Secretary Karl Chua said Monday. Read more »

Saudi Aramco says Q1 profits jump 82 pecent as oil prices surge

Haitham El-Tabei and Robbie Corey-Boulet, Agence France-Presse
Posted at May 16 08:21 AM

Saudi Aramco posted an 82-percent jump in first quarter profits, buoyed by a global surge in oil prices that has made it the world's most valuable company. Read more »

'Too low for too long': Analyst backs interest rate hike in May

ABS-CBN News
Updated as of May 13 11:47 AM

It would be "wise" for the BSP to implement an interest rate hike in May, BPI lead economist Jun Neri said. Read more »

PH debt-to-GDP ratio balloons to 63.5 pct in March

ABS-CBN News
Updated as of May 13 10:06 AM

The Philippines' debt-to-GDP ratio ballooned to 63.5 percent in March from 60.4 percent in December, government data showed. Read more »

PH economy expands 8.3 pct in first quarter of 2022

ABS-CBN News
Updated as of May 12 08:41 PM

The Philippine economy continued to expand at a fast pace in the first three months of the year, the state statistics bureau said Thursday. Read more »

Next administration to inherit 'better economy', higher debt: Diokno

Jessica Fenol and Michelle Ong, ABS-CBN News
Posted at May 02 11:26 AM

The next administration will inherit a "much better economy" coupled with an increased debt-to-GDP ratio due to the COVID-19 pandemic, Bangko Sentral ng Pilipinas Governor Benjamin Diokno said Monday. Read more »

BSP says digital currency an 'experiment'

Jessica Fenol and Michelle Ong, ABS-CBN News
Updated as of May 02 10:53 AM

Bangko Sentral ng Pilipinas Governor Benjamin Diokno on Monday said its central bank digital currency (CBDC) project would be an "experiment" and not yet a full-blown implementation. Read more »

Oil propels Saudi GDP growth to near 10 pct in Q1

Agence France-Presse
Posted at May 02 09:02 AM

The preliminary results come after the world's biggest oil exporter resisted US entreaties to raise output in an attempt to rein in prices that have spiked since the Ukraine war began. Read more »

Marcos Jr says will 'convince' investors who doubt him

ABS-CBN News
Posted at Apr 27 08:55 PM

A Bloomberg poll last month put Marcos near the bottom of a list ranking presidential aspirants who could lead the Philippines’ economic recovery. Read more »

China economy grows 4.8 pct in first quarter as virus bites

Beiyi Seow, Agence France-Presse
Updated as of Apr 18 11:34 AM

China's economy grew 4.8 percent in the first quarter, official data showed Monday, as a resurgence of the coronavirus drags on economic activity and threatens Beijing's ambitious annual target. Read more »

World Bank sees 'alternative' path out of economic disaster for Afghanistan

Agence France-Presse
Posted at Apr 14 07:30 AM

Afghanistan can avoid an economic collapse, but only if it receives international assistance and if the Taliban government respects human rights and "sound" management of its finances, the World Bank said Wednesday. Read more »

ASEAN research group sees 2022 PH inflation at 4.1 pct

Warren de Guzman, ABS-CBN News
Posted at Apr 12 02:13 PM

AMRO said it expects inflation to average 4.1 percent this year, slightly above the 2 to 4 percent target range of the government. Read more »

Statistics bureau revises 2021 PH growth to 5.7 percent

ABS-CBN News
Posted at Apr 07 02:04 PM

The Philippine economy grew 5.7 percent in 2021, slightly faster than the 5.6 percent growth earlier announced, the state statistics bureau said on Thursday. Read more »

Philippine economy seen to grow by 6 pct in 2022: ADB

ABS-CBN News
Posted at Apr 06 09:03 AM

The Philippine economic growth is seen to gain pace in the next few years due to rising domestic investment and consumption, among others, the Asian Development Bank said Wednesday. Read more »

BSP 'on track' to digitalize 50 pct of payments by 2023

Jessica Fenol, ABS-CBN News
Posted at Apr 05 02:22 PM

Bangko Sentral ng Pilipinas Governor Benjamin Diokno on Tuesday said the Philippines is on track to meet its goal of digitalizing 50 percent of payments by 2023. Read more »

PH debt-to-GDP ratio seen to decline as pandemic fades

Jessica Fenol, ABS-CBN News
Posted at Apr 05 02:05 PM

The National Government's debt reached P12.09 trillion in February 2022. Read more »