est pace in over 13 years in September, as food, utilities and transport costs spiked. Read the.
est pace in over 13 years in September, as food, utilities and transport costs spiked. Read the
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Inflation zooms to 6.9% in Sept. - BusinessWorld OnlineINFLATION zoomed to its fastest pace in over 13 years in September, as food, utilities and transport costs spiked. READ: Nakup daming problema. Saan kaya ang party this weekend? You call 6.3% to 6.9% a 'zoom'? Lol 😂
Source: bworldph - 🏆 9. / 68 Read more »
PH inflation rate accelerates to 6.9% in SeptemberTHE Philippine’s inflation rate rose to 6.9 percent in September 2022, slightly higher than during the month prior, the Philippine Statistics Authority (PSA) said on Wednesday,...
Source: sunstaronline - 🏆 18. / 59 Read more »
Philippines 45th most at risk in money laundering list - BusinessWorld OnlineTHE Philippines improved eight spots in an annual global index measuring an economy’s risk of money laundering and terrorist financing, and their ability to counter these. READ:
Source: bworldph - 🏆 9. / 68 Read more »
UN fails to pass decree on Philippine human rights - BusinessWorld OnlineTHE UNITED Nations Human Rights Council dealt victims of human rights violations in the Philippines a serious blow by failing to pass a resolution that would ensure continued scrutiny of the country’s rights situation, Human Rights Watch said on Wednesday.
Source: bworldph - 🏆 9. / 68 Read more »
Gov’t rejects all bids for T-bills as rates rise ahead of CPI data - BusinessWorld OnlineTHE GOVERNMENT rejected all bids for its offer of Treasury bills (T-bills) on Monday as the market wanted higher rates on expectations of faster September inflation, which may prompt further tightening from the central bank. READ
Source: bworldph - 🏆 9. / 68 Read more »
Philippines' 4-year high inflation boosts chances of more rate hikesThe September inflation rate, which was above the 6.7% forecast in a Reuters poll, was driven mainly by high food and utility prices and brought the average rate in the nine months to September to 5.1%, the statistics agency said on Wednesday, well outside the central bank's 2% to 4% target. The faster-than-expected inflation rate reinforced expectations the Bangko Sentral ng Pilipinas (BSP), which has so far raised rates by a total of 225 basis points this year, would deliver more rate hikes at its November and December meetings. ING Bank economist Nicholas Mapa said in a statement he expects the central bank to lift its key policy rate, currently at 4.25%, by 50 basis points at each of its two remaining meetings this year in to tame inflation.
Source: YahooPH - 🏆 22. / 51 Read more »