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Karen Lema

Philippine inflation eases to four-month low; central bank may hold off rate hikes

05 Dec 2018

MANILA Philippine annual inflation slowed to a four-month low in November, easing pressure on the central bank to raise interest rates further with some analysts predicting a rate cut as early as next year if the inflationary pressures continue to ease.

Two years after Philippines' pivot, Duterte still waiting on China dividend

19 Nov 2018

MANILA Two years after Philippine President Rodrigo Duterte announced a divorce with old ally the United States in return for bumper business ties with China, he doesn't have much to show for it.

UPDATE 2-Philippines hikes rates again to cool prices, tightening may be over

15 Nov 2018

* Inflation to return within 2-4 pct target in 2019-2020 (Adds details, economist's comment)

Philippines' slowing GDP growth dims prospect of rate hike

08 Nov 2018

MANILA The Philippine economy grew at its slowest pace in three years in the third quarter, casting doubt over the government's full-year growth target and making it less likely the central bank will immediately tighten policy to tame inflation.

China Telecom, local tycoon team up to win Philippine telco license

07 Nov 2018

MANILA A consortium of China Telecom and firms controlled by a Filipino tycoon was provisionally named winner of the Philippines' third telecoms license on Wednesday, after two rival bids were rejected and foreign players opted out.

UPDATE 2-At near 10-yr high, Philippines says inflation may have peaked

05 Oct 2018

* Central bank sees signs of disinflationary trend (Adds comments from central bank, government and ING)

Philippines keeps up rapid-fire rate hikes, more seen as inflation quickens

27 Sep 2018

MANILA The Philippine central bank raised its benchmark interest rates for the fourth time in five months on Thursday, pushing them to seven-year highs, and kept the door open for further tightening as it battles to cool inflation.

U.S.-China trade war dims Asia's 2019 growth outlook - ADB

26 Sep 2018

MANILA Developing Asia could grow more slowly than previously thought next year as the U.S.-China trade war inflicts damage on the region's export-reliant economies, the Asian Development Bank (ADB) said on Wednesday.

Philippines spending spree fades as inflation hurts even foreign cash earners

20 Sep 2018

SANTA ROSA VILLAGE, Philippines Liezel Carada, who relies entirely on her husband's earnings as a dishwasher in Italy, has seen her income grow sharply thanks to a plunge in the Philippine peso in recent years. Yet she's having to explain to her three children that they can't afford to go to their favorite eatery anymore.

Philippine inflation accelerates in July, cements rate hike expectations

07 Aug 2018

MANILA Philippine annual inflation accelerated in July and moved further away from the central bank's comfort range, strengthening expectations for further policy tightening this week.

World News

Trump ex-lawyer Cohen given 3 years in prison, blames 'blind loyalty'

President Donald Trump's former personal lawyer Michael Cohen was sentenced to three years in prison on Wednesday for crimes including orchestrating hush payments to women in violation of campaign laws before the 2016 election and financial wrongdoing, posing potential legal and political risks to Trump.