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]]> 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 inflation rate is just slightly above the lower end of the BSP’s forecast range and almost half a percentage point lower than May.

Read more: http://www.allheadlinenews.com/articles/7019210058#ixzz0t4gZTEaC

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]]> 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 PHP 2.3 trillion. On a monthly basis, commercial banks’ lending in May moved up 1.5% for loans net of RRPs, and by 1.9% for loans inclusive of RRPs.

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The Philippine central bank isn’t in a hurry to raise borrowing costs as inflation at a seven-month low is prompting a review of its forecasts for price gains this year and next, GovernorAmando Tetangco said today.

“There does not seem to be an urgency to move given recent developments,” Tetangco said in a mobile-phone message in reply to questions from Bloomberg today. The central bank will review inflation forecasts “given the new information to see if we need to make any adjustments to policy stance,” he said.

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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]]> 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 rates at a record low. Policy makers will “monitor demand conditions” for any need to adjust the monetary policy stance, Governor Amando Tetangco said today.

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THE Department of Trade and Industry (DTI) revealed that latest export data showed that Davao Region is picking up.

Quoting a report from the Bureau of Customs (BoC), DTI 11 Regional Director Marizon S. Loreto said that while Davao Region had a negative growth rate of more than 10 percent for 2009 as compared to 2008, it is fast closing in on the gap, with only negative one percent of growth in the first two months of 2010 versus 2009.

As of February this year, the region reaped an export value of US$151.79 billion.

“The decrease of fresh banana exports is being covered up by tremendous increases of other products such as banana chips, rubber, and gold with silver. Coconut products topped growth levels among other product groups, with coconut oil, coconut shell charcoal, and copra leading positive trends,” she said.

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