• Fixed-income workers bear brunt of inflation 

    by: Business Worldsource: https://businessmirror.com.ph/2022/09/08/fixed-income-workers-bear-brunt-of-inflation/

    Featured photo shows uniformed workers of a manufacturing company in the Subic Bay Freeport waiting for transportation along the highway in Castillejos, Zambales.

    WAGE and salaried workers are the ones who bear the brunt of high commodity prices, according to the National Economic and Development Authority (Neda).

    In a virtual briefing, Neda Undersecretary for…

  • BSP chief signals more rate increases

    by: Business Worldsource: https://www.bworldonline.com/top-stories/2022/09/08/473172/bsp-chief-signals-more-rate-increases/

    THE BANGKO Sentral ng Pilipinas (BSP) said it has room to further hike policy rates this year to support the peso as the US Federal Reserve is expected to continue its aggressive policy tightening.

    This as the Philippine peso on Wednesday closed at a record low of P57.135 against the US dollar.

    Year to…

  • Think tank: Inflation to slow down in Q4

    by: Louella Desiderio – The Philippine Star source: https://www.philstar.com/business/2022/09/08/2208110/think-tank-inflation-slow-down-q4

    MANILA, Philippines — UK-based think tank Pantheon Macroeconomics has hiked its inflation forecast for the Philippines to five percent this year, but it expects a slowdown to take hold by the fourth quarter.

    Miguel Chanco, chief emerging Asia economist at Pantheon Macroeconomics, said in a report yesterday the think tank…

  • Peso slump continues, hits 57.135:$1

    by: Lawrence Agcaoili – The Philippine Starsource: https://fintechnews.ph/56563/crypto/fintech-alliance-ph-pushes-for-consumer-protection-focused-crypto-regulations/

    MANILA, Philippines — The peso continues its losing streak, hitting a new record low for the fourth straight trading day at 57.135 to $1, shedding another 13.5 centavos from Tuesday’s 57.

    The local currency opened yesterday at an intraday high of 57 and hit an intraday low of 57.33 before…