by ev3v4hn | Aug 10, 2020 | Business News
The sharp contraction of the economy in the second quarter of the year—the largest decline in the country’s history—is different from previous crises because the country is on better footing now, the head of the central bank said. In a statement, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said “inherent weaknesses” in the country’s […]
by ev3v4hn | Aug 7, 2020 | Business News
The Philippines’ macroeconomic fundamentals remain sound despite a record contraction of gross domestic product due to the impact of the coronavirus pandemic, according to the central bank chief. Bangko Sentral ng Pilipinas Governor Benjamin Diokno said it was...
by ev3v4hn | Aug 6, 2020 | Business News
The head of the country’s central bank said on Thursday (Aug. 6) that the worst is over for the Philippine economy, after the government announced that economic growth declined by at least 16.5 percent, the worst since 1985, due to the COVID-19 pandemic. Bangko...
by ev3v4hn | Aug 5, 2020 | Business News
The pace of price increases in the country will likely remain in check for the foreseeable future due to the impact of the COVID-19 pandemic, the central bank said on Wednesday (Aug. 5). It came after the government released the official inflation rate for July of 2.7...
by ev3v4hn | Aug 4, 2020 | Business News
MANILA, Philippines – The Bangko Sentral ng Pilipinas has joined the ranks of monetary authorities around the world working toward managing climate- and environment-related risks in a bid to mobilize capital toward a sustainable economy. In a statement, BSP Governor...
