Tag: seen
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High rates seen to weigh on growth
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METROPOLITAN Bank & Trust Co. (Metrobank) Research trimmed its gross domestic product (GDP) forecast for the Philippines this year as elevated interest rates continue to crimp domestic demand.
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PHL consumer demand seen to remain muted
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DOMESTIC DEMAND in the Philippines and other emerging Asian economies is expected to remain muted amid a high interest rate environment, S&P Global Ratings said. “Consumer demand is more subdued in the Philippines with elevated interest rates (with the policy rate at 6.5%) and weak consumer confidence,” S&P said in…
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Higher NAIA charges seen to weigh on travel demand
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THE EXPECTED INCREASE in fees at the soon-to-be privatized Ninoy Aquino International Airport (NAIA) could alter travel demand dynamics, potentially impacting passenger volumes and operational margins for airlines operating at the airport, according to analysts.
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BSP seen to have ‘slower’ easing cycle
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THE BANGKO SENTRAL ng Pilipinas (BSP) may delay its easing cycle amid continued risks to the inflation outlook, the peso’s depreciation and a hawkish US Federal Reserve, analysts said. “We expect BSP to start its cutting cycle only after the Fed (i.e., in October), which is when we also expect…
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Philippines’ current account deficit seen to further narrow this year
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THE PHILIPPINES’ current account deficit is seen narrowing further this year amid a more positive global outlook, Fitch Solutions’ unit BMI said. In a report dated June 25, BMI lowered its current account deficit forecast to 2.3% of gross domestic product (GDP) from 2.8% previously. This is narrower than last…
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Tourist arrivals in PHL seen returning to pre-pandemic level only in 2025
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TOURIST ARRIVALS in the Philippines are expected to jump by 33% this year, but will only return to the pre-pandemic level by 2025, Fitch Solutions’ unit BMI said. In a report, BMI said it maintains a “positive outlook” for Philippine tourist arrivals through 2028, driven by tourists from key markets…
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Philippine growth seen running ‘below potential’
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THE PHILIPPINES is expected to be the second-fastest growing economy in the Asia-Pacific (APAC) region this year, although expansion is “below potential,” Moody’s Analytics said. In a report, Moody’s Analytics said the Philippines’ gross domestic product (GDP) growth is expected to average 5.9% this year, just behind India (6.8%) but…
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‘High incidence’ of money laundering seen in gaming
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THE PHILIPPINES is likely to exit the “gray list” of the Financial Action Task Force (FATF) soon despite a “high incidence” of money laundering, mainly in the gaming sector, Moody’s said.
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BSP seen to start easing in 3rd quarter
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THE BANGKO SENTRAL ng Pilipinas (BSP) could begin easing policy as early as the third quarter if inflation continues to stabilize, analysts said.
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Possible SCTEx stake seen to strengthen MPTC’s planned IPO
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THE offer from the Pangilinan-led Metro Pacific Tollways Corp. (MPTC) to acquire the government’s stake in the Subic-Clark-Tarlac Expressway (SCTEx) may help attract more investors to the company’s planned merger with San Miguel Corp. (SMC), analysts said. “SCTEx is an attractive infrastructure asset, especially given the development in the areas…