Asian governments will increasingly turn to their domestic bond markets to finance the spending plans necessary to counter the expected economic slowdown in the region, says the Asian Development Bank (ADB) in a new report.
Weaker growth rather than inflation is now clearly the main risk for emerging Asian economies, but while healthy fiscal positions allow [...]
It was a short-lived honeymoon between US President-elect Barack Obama and the local markets after most of the world’s bourses plunged yesterday, dragging along the Philippine peso and the shares index, as investors focus on recession fears, traders said.
Share prices closed 3.2 percent lower in line with other regional markets following heavy losses on Wall [...]
THE Bangko Sentral ng Pilipinas (BSP) said it would continue to exercise flexibility in its monetary stance with the expected slowdown in the global economy next year.
In its third quarter inflation report, the BSP said the impact of the US financial crisis on the domestic economy would be addressed with stable inflation and flexibility in [...]
LAST month’s wider budget deficit is not yet a threat to Philippine economic growth, according to analysts.
“The cumulative budget deficit of P53.4 billion compared with P40 billion a year ago is not a threat to economic stability as it is less than one percent of gross domestic product (GDP),” ATR Kim Eng Securities Inc. said.
The [...]
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