Philippines

Net foreign direct investment (FDI) into the Philippines grew 94.4% y-o-y in March to US$208mn, according to the central bank, despite the current uncertain global economic climate.... 2008-06-11

In line with our view, Bangko Sentral ng Pilipinas (BSP) raised its benchmark reverse repurchase and repurchase rates by 25bps to 5.25% and 7.25% respectively on June 5, after the... 2008-06-09

The government has temporarily halted the conversion of agricultural land for the purposes of real estate, retail, and leisure development, and other uses, in order to maximise land... 2008-05-09

Economic activity unexpectedly accelerated in Q407 from the previous quarter, as higher levels of government spending and lower interest rates boosted domestic demand. Fourth quarter... 2008-04-11

The Philippines will scrap its 300,000 tonne ceiling on rice imports, and replace its 50% import tariff on rice with a minimal PHP2/kg service fee, in an attempt to encourage the... 2008-04-10

Soaring global oil prices pushed import growth to 19.7% y-o-y in December from 12.7% in November, leaving the country with a trade deficit of US$528mn for the month after fuel imports... 2008-03-07

Consumer price inflation accelerated to a 16-month high of 5.4% y-o-y in February, as soaring food and fuel prices continue to put upward pressure on domestic price growth. The latest... 2008-03-07