Philippines

he Philippines expects to raise US$1.5bn in sovereign debt and a further US$1.1bn from official development loans in 2009 in order to fund its budget deficit and boost its foreign... 2008-09-09

As we had been anticipating, the Philippines' run of budget surpluses has come to an end after a PHP15.4bn (US$33.9mn) fiscal shortfall was recorded in July. Having posted budget... 2008-09-08

BMI View: We see the successful conclusion of free trade talks between New Delhi and ASEAN on August 29 as significant in advancing India's trade position in the increasingly important... 2008-09-03

We have been forced to significantly revise down our 2008 growth forecast for the Philippines after Q208 GDP data revealed that the economy grew by just 4.6% y-o-y, and Q108 growth... 2008-08-28

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