MANILA – President Rodrigo Roa Duterte has directed the government departments and offices to adopt the 10-point policy agenda to hasten the recovery of the Philippine economy from the impact of the coronavirus disease 2019 (COVID-19) pandemic.
The country’s unemployment rate declined in January this year to 6.4% or to 2.93 million individuals, down from the 3.96 million data in January 2021 and below the 6.6% in December...
The Philippines recorded its highest foreign direct investment (FDI) net inflows in 2021 amounting to USD10.52 billion, increasing by 54.2% from USD6.82 billion the previous year, the Bangko Sentral ng Pilipinas (BSP) reported Thursday (March 10).
Fitch Ratings on Thursday, Feb. 17, affirmed the Philippines’ credit rating of “BBB,” which is a notch above minimum investment grade, citing economic gains that demonstrate sustained recovery from the COVID-19 crisis.
At its meeting on monetary policy today, the Monetary Board decided to maintain the interest rate on the BSP’s overnight reverse repurchase facility at 2.0 percent. The interest rates on the...
The Bangko Sentral ng Pilipinas (BSP) commended the Philippine Congress for the passage of the Financial Consumer Protection Act (FCPA) and the amendments to the Philippine Deposit Insurance Corporation (PDIC) charter.
“The...
