Philippines

Downside risks to our 6.3% growth forecast for 2008 continue to mount after Q108 GDP data revealed a sharp slowdown in activity due to the poor performance of net exports and a decline... 2008-08-04

The Philippine central bank is to receive a US$500mn short-term loan from the Basel-based Bank for International Settlements (BIS), which it will use to boost its foreign exchange... 2008-08-01

The Philippines' trade deficit is set to expand by a third to about US$11bn - the highest in at least 9 years - due to higher fuel and rice imports and weaker exports, according to... 2008-07-07

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

BMI View: Asian governments have good reasons to fear Kosovo's recent secession from Serbia. Virtually every Asian country has a territory or ethnic minority that has sought or is... 2008-03-10

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