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Acknowledging that the Philippines was economically more resilient than earlier anticipated, the World Bank has overhauled its forecast of a 0.5-percent contraction of the country�s economy this year and now projects growth of 1.4 percent. The World Bank...
Tags: Philippines, The World Bank, world banks, Philippine Financial System
Philippine banking system by the end of 2008, warranting prudence especially in light of the global financial crisis and the Legacy scandal, according to a report released yesterday by the Bangko Sentral ng Pilipinas (BSP) said. In its semi-annual "Status...
Tags: Philippines, Philippine Financial System, BSP, ng pilipinas, slowest pace, sentral ng, Bangko Sentral
Consumer prices rose at a slower pace for the second month in October, the government reported on Wednesday. The National Statistics Office said inflation in the previous month rose 11.2 percent, lower than September's 11.9 percent. In August, inflation...
Tags: Philippines, BSP, Philippine Financial System, oil price, ng pilipinas, sentral ng, National Statistics Office, consumer price, philippine inflation, local banks