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The Economic Scene

$531M in ‘hot money’ exited PH in Feb, most in 2 yrs

The flow of short-term foreign investments or “hot money” that are registered with the Bangko Sentral ng Pilipinas (BSP) reversed to a net outflow of $531 million in February after four straight months of net inflows. Data at the BSP show that there were net inflows of $292 million in

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Local banks “safe” from Silicon Valley Bank crisis

The Bangko Sentral ng Pilipinas (BSP) and the leading industry group of private and government banks on Tuesday sought to calm markets and the public amid contagion fears from a brewing banking crisis in the United States. Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla said there was limited fallout

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PH seen to sustain 4-5% growth this decade

Growth-wise, the Philippine economy is performing in the middle of the pack in Southeast Asia, where United States-based management consulting firm Bain & Company sees a rosy picture for the rest of this decade. In a joint report released in partnership with Singapore-based Monk’s Hill Ventures, Bain & Company said

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ADB Raises 2022 Growth Forecast for the Philippines

MANILA, PHILIPPINES  — The Philippine economy is forecast to grow faster than initially expected in 2022, following the relaxation of COVID-19 mobility restrictions in the country, the expansion of the COVID-19 vaccination program, and a rebound in investment and household consumption, according to a report released today by the Asian

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OECD: PH economy to grow fastest in SEA in 2022

The Organization for Economic Cooperation and Development (OECD), the bloc of rich nations, expects the Philippine economy to grow fastest in Southeast Asia this year, even as its labor market could take time to recover due to the scarring inflicted by the COVID-19 pandemic. In its “Economic Outlook for Southeast

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Ukraine war fallout: higher yields for gov’t borrowings

The Bureau of the Treasury (BTr) on Monday (Feb. 28) rejected all T-bill bids as rates climbed across-the-board amid uncertainties wrought by a combination of the Ukraine-Russia war, higher domestic inflation, plus the US Federal Reserve’s forthcoming interest rate hike. Monday’s Treasury bill auction was the first domestic borrowing for

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