KOENIGSWINTER, Germany — International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Thursday that global finance leaders may need to become more comfortable with fighting multiple bouts of inflationary pressures. Ms. Georgieva told Reuters that it was getting harder for central banks to bring down inflation without causing recessions, due to mounting pressures on […]
HONG KONG/HANOI — TikTok has been conducting tests so users can play games on its video-sharing app in Vietnam, part of plans for a major push into gaming, four people familiar with the matter said. Featuring games on its platform would boost advertising revenue as well as the amount of time users spend on the […]
BW FILE PHOTO By Luz Wendy T. Noble, Reporter The country’s balance of payment (BoP) posted a deficit in April as the government continued to pay for its foreign debt obligations, and as the trade deficit widened due to the rising value of imports. Data released by the Bangko Sentral ng Pilipinas late Thursday showed […]
When Jardin Wong, Jillian Sze, and Miguel Tan approached WTA Architecture and Design Studio with their idea for their first project as real estate developers, they came with a story about independence. Seeking to cast a new shadow over the hyper-competitive Philippine property scene, and make a mark outside their respective family businesses, the three […]
A vendor arranges vegetables at a public market in Manila. — PHILIPPINE STAR/ RUSSEL A. PALMA THE Bangko Sentral ng Pilipinas (BSP) raised its key interest rate for the first time since 2018 to tame rising inflation. The Monetary Board on Thursday increased the benchmark rate by 25 basis points (bps) to 2.25%, as expected […]
A vendor arranges vegetables at a public market in Manila. — PHILIPPINE STAR/ RUSSEL A. PALMA THE Bangko Sentral ng Pilipinas (BSP) raised its key interest rate for the first time since 2018 to tame rising inflation. The Monetary Board on Thursday increased the benchmark rate by 25 basis points (bps) to 2.25%, as expected […]
A vendor arranges vegetables at a public market in Manila. — PHILIPPINE STAR/ RUSSEL A. PALMA THE Bangko Sentral ng Pilipinas (BSP) raised its key interest rate for the first time since 2018 to tame rising inflation. The Monetary Board on Thursday increased the benchmark rate by 25 basis points (bps) to 2.25%, as expected […]
BW FILE PHOTO SOURED LOANS held by Philippine banks declined in March, bringing the nonperforming loan (NPL) ratio to its lowest in three months amid the further reopening of the economy. Data released by the Bangko Sentral ng Pilipinas (BSP) on Thursday showed the banking industry’s gross NPL ratio slipped to 4.08% in March from […]
BW FILE PHOTO SOURED LOANS held by Philippine banks declined in March, bringing the nonperforming loan (NPL) ratio to its lowest in three months amid the further reopening of the economy. Data released by the Bangko Sentral ng Pilipinas (BSP) on Thursday showed the banking industry’s gross NPL ratio slipped to 4.08% in March from […]
A view of residential condominium buildings in Mandaluyong City, Metro Manila, Philippines, Aug. 22, 2016. — REUTERS By Luz Wendy T. Noble, Reporterand Tobias Jared Tomas CREDIT RATING agencies will keep a close eye on how the incoming Marcos administration will manage the country’s mounting debt in assessing the Philippines’ sovereign rating. Moody’s Investors Service […]