Category Archives: Business

Peso seen to weaken this year

MANILA — The Philippines should brace itself for more capital outflows this year—which will likely exert downward pressure on the peso—as the continuing recovery in the US prompts fund managers to repatriate

BSP issues new warning on virtual currencies

MANILA — With increased interests in virtual currencies (VC) such as Bitcoin, the Bangko Sentral ng Pilipinas (BSP) reissued its earlier warning against the risks including money laundering and its pyramid-like marketing

Consumers brace for higher prices

MANILA — Despite government assurances that the impact of the higher excise tax that took effect today, New Year 2018, will be short term, consumers, particularly the marginalized and those in the

Faceless P100 bills blamed on printing machine glitch

MANILA — The Bangko Sentral ng Pilipinas (BSP) Thursday confirmed the existence of “faceless” banknotes and assured the public that such are legal tender. The bills were withdrawn from the automated teller

Manageable inflation seen until 2020

MANILA — The manageable inflation environment would be sustained over the medium term despite the demand-side impetus caused by the tax reform program and healthy economic growth, the Bangko Sentral ng Pilipinas

S&P raises PH 2017 growth forecast

MANILA — Debt-watcher S&P Global Ratings slightly raised its economic growth forecast for the Philippines this year owing to the better-than-expected third quarter expansion. According to S&P, the country’s economy, as measured