Business In Davao

Price increase in almost all commodity groups slowed down in June, causing the Philippines’ inflation rate to go down to 3.9 percent from 4.3 percent in May.

The only groups which registered price increases were food, beverages and tobacco, according to the National Statistics Office. Bangko Sentral ng Pilipinas Gov. Amando Tetangco Jr. pointed out last month’s . . . → Read More: Philippines’ inflation rate

Outstanding loans of Philippine commercial banks, net of banks’ reverse repurchase placements with the central bank, grew at a faster pace of 8.1% in May, following previous month’s expansion of 6.7%, the Bangko Sentral ng Pilipinas reported Wednesday.

The growth of bank lending, inclusive of reverse repurchase placements, also increased 7.7% compared to 6.2% in April, to reach . . . → Read More: inflation at a seven-month low

Philippine inflation accelerated to a three-month high in March as oil and food costs rose, supporting the central bank’s decision to unwind stimulus measures. Bonds fell.

Bangko Sentral ng Pilipinas pared back a lending program for banks last month and said it will consider doing more to reduce cash in the economy, even as it kept interest . . . → Read More: Inflation UP