Government and business leaders will gather on June 16 at the Fairmont Hotel in Makati for the Economic Journalists Association of the Philippines (EJAP) Infrastructure Forum.
The Japan Credit Rating Agency Ltd. (JCR) has reaffirmed its ‘A-’ credit rating with a stable outlook for the Philippines, citing the country’s robust economic fundamentals, effective policy measures, and solid progress in fiscal reforms.
The continued easing of inflation to 1.4 percent in April, its lowest since 2019, bolsters the case for a potential interest rate cut by the Bangko Sentral ng Pilipinas.
Local banks are getting a competitive boost as the Bangko Sentral ng Pilipinas (BSP) slashes the reserve requirement ratio (RRR) by 200 basis points, injecting at least P300 billion into the financial system, according to the Bank of the Philippine Islands (BPI).
The Bangko Sentral ng Pilipinas (BSP) is expected to lower its policy rate by 25 basis points to 5.5 percent on Thursday, as it shifts focus to boosting the economy amid slower-than-expected growth and stable inflation, Bank of the Philippine Islands (BPI) said.
The Philippines’ youthful, expanding population and resilient domestic consumption position the country for accelerated growth, even in the face of global uncertainties, according to BDO Unibank senior vice president Dante Tinga Jr.
The BPO sector, a cornerstone of the Philippines’ export revenue, is expected to grow at a slower rate in 2024 and 2025 “consistent with latest trend driven in part by domestic constraints in AI adoption.”
“Any moderation in inflation should trigger a strong confidence rebound,” SM Investments president and CEO Frederic DyBuncio said. “This could create opportunities in consumer-focused sectors in the country, and we are poised to cater to these evolving demands.”
The Asian Development Bank (ADB) projects steady economic growth for Asia and the Pacific this year and in 2025, but potential policy changes under U.S. President-elect Donald Trump may pose challenges to the region's longer-term outlook.