MANILA, May 19, 2022 (AFP): The Philippine central bank raised interest rates Thursday for the first time in more than three years, in a bid to curb inflation as rising fuel prices and food shortages push up living costs. Robust economic growth and jobs in the first quarter gave the monetary authority room to continue "rolling back its pandemic-induced interventions", said … [Read more...] about Philippine central bank raises interest rates to curb inflation
Impunity in the philippines
Philippine central bank ‘to start tightening cycle’
BENGALURU: The Philippine central bank will kick-off its tightening cycle tomorrow, much earlier than previously thought, joining peers around the world in a race to tighten monetary policy to tackle rising inflation, a Reuters poll found. With economic growth in the South-East Asian nation at its fastest in nearly a decade and inflation at a more than three-year high, the … [Read more...] about Philippine central bank ‘to start tightening cycle’
Emerging markets: Philippine peso firms after rate hike as Asian stocks fall on growth fears
MANILA, May 19 (Reuters): The Philippine peso firmed on Thursday after its central bank raised rates for the first time in more than three years, while Asian shares tumbled on concerns around surging inflation, its impact on retail demand, and the threat of a recession. Stocks in Manila fell 1%, while the Philippine peso edged up 0.2%. The Philippine central bank raised its … [Read more...] about Emerging markets: Philippine peso firms after rate hike as Asian stocks fall on growth fears
Fake ID: ‘Malaysian’ barred from entering Philippines turns out to be wanted Abu Sayyaf member
KOTA KINABALU: The case of a "Malaysian" man, who was barred entry in to Manila for terror links, has taken a twist as Filipino investigators found him to be a member of the notorious militant Abu Sayyaf group. The man, who flew in from Kuala Lumpur to Manila on a Malaysian passport, was not only linked to Jemaah Islamiah activities but was also a wanted Abu Sayyaf member … [Read more...] about Fake ID: ‘Malaysian’ barred from entering Philippines turns out to be wanted Abu Sayyaf member
Philippines govt now also focusing on ‘long Covid-19’ cases
MANILA, May 22 (Philippines Daily Inquirer/ANN): “Long Covid-19,” which has beguiled both doctors and patients who have fully recovered from the severe respiratory disease in other countries, is now also afflicting Filipinos, a health expert has announced “Doctors in our country’s hospitals are starting to see cases of long Covid,” Dr. Ted Herbosa, an adviser to the National … [Read more...] about Philippines govt now also focusing on ‘long Covid-19’ cases