BSP MAINTAINS POLICY RATES As expected, the Monetary Board of the Bangko Sentral ng Pilipinas (BSP) kept policy rates steady for the fourth consecutive meeting, but said that the current inflation environment "has shifted slightly higher." BSP Governor Eli Remolona Jr. said the Monetary Board at its meeting on Monday decided to retain the BSP's target reverse repurchase rate at 6.50%. The...

The Philippines’ headline inflation increased to 3.7% in March, higher than the 3.4% in February but lower than the 7.6% in March last year, according to the Philippine Statistics Authority (PSA). One of the main drivers of the higher inflation rate in March this year was the high inflation of rice prices, which boosted food inflation to 5.7%. Rice inflation for...

Amid global trade disruptions and geopolitical tensions, the Development Budget Coordination Committee (DBCC) has revised downward the economic growth target for this year to 6.0 to 7.0 percent, from the previous 6.5 to 7.5 percent. Meanwhile, the growth target for 2025 was narrowed to 6.5 to 7.5 percent from the previous range of 6.5 to 8.0 percent. However, the 6.5 to...

The inflation rate for March will still settle within the 2% to 4% target range of the government. The Bangko Sentral ng Pilipinas (BSP) said earlier that it sees the Philippine inflation rate settling at 3.9% in March. The official March inflation rate will be announced on Friday (April 5, 2024). The inflation rate for February was 3.4% or higher than...

  The Philippine stock market remained resilient in March despite higher inflation in February. However, there is a possibility that inflation for March will be higher, which can send the PSEi to lower levels in April.

The net income of Petron Corporation increased by 10% to P10 billion in 2023, which should make stock market investors interested in investing in the company’s shares listed at the Philippine Stock Exchange. Watch this video to gain more information on investing in Petron shares.

One of the lessons that Filipinos can learn from the pandemic is to be prepared financially, or at the least have adequate savings and a low level or no debt at all. In short, Filipinos should start becoming financially literate. However, the Bangko Sentral ng Pilipinas (BSP) 2021 Financial Inclusion Survey showed that only 2 percent of Filipinos are able...

With Cong. Edcel Lagman -President of the Liberal Party & Dr. Calixto Chikiamco -President of Foundation for Economic Freedom & Atty. Alex Lacson -Author, Patriotic Books