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Philippines current account buffer deteriorates further in H1

The Philippines continued to invest more than what its national saving can finance after posting a wider current account deficit in the first half of the year, adding pressure on the nation’s weakening currency......»»

Category: newsSource: philstar philstarSep 14th, 2018

Cooling down Philippine inflation comes at a cost — report

Soaring prices in the Philippines continue to crush Filipino families’ budgets, and bringing down rising inflation may come at a cost to the national government’s balance sheet and the economy’s other main line of defense, the current account buffer......»»

Category: newsSource:  philstarRelated NewsOct 19th, 2018

Philippines to continue incurring CA deficit, says Fitch Ratings | Philstar.com

The country may experience wider current account deficits in the next two years due to strong capital goods imports and a sharp slowdown in exports, according to Fitch Ratings......»»

Category: newsSource:  philippinetimesRelated NewsJan 6th, 2019

Philippines to continue incurring CA deficit, says Fitch Ratings

The country may experience wider current account deficits in the next two years due to strong capital goods imports and a sharp slowdown in exports, according to Fitch Ratings......»»

Category: financeSource:  philstarRelated NewsDec 26th, 2018

Fitch reaffirms Philippines investment grade, flags overheating risks

Fitch Ratings yesterday cautioned the Philippines about overheating risks, including strong credit growth and wider current account shortfall, as it reaffirmed the country’s investment grade credit rating......»»

Category: financeSource:  philstarRelated NewsDec 21st, 2018

BSP sees wider current account gap in 2018, 2019

The Philippines continued to invest more than what it earned in the last three quarters of 2018, the Bangko Sentral ng Pilipinas reported Friday, adding that the country’s current account gap is forecast to further widen but won’t swell to “unsustainable levels.”.....»»

Category: newsSource:  philstarRelated NewsDec 14th, 2018

Philippines warned against China loan pledges

The Philippines must tread carefully in dealing with funding commitments from China for its infrastructure program especially now that the current account deficit is “already approaching unsustainable levels,” said London-based Capital Economics......»»

Category: financeSource:  philstarRelated NewsNov 23rd, 2018

PH may fall into debt trap with China funds, says firm

Turning to China for financing President Duterte's infrastructure program may lead the government to make the same mistakes made by other Asian countries that have fallen not only into a debt but also corruption trap, London-based Capital Economics said on Thursday.   "By seeking closer ties and increased investment from China, President Duterte of the Philippines risks repeating the mistakes made by other countries in the region. With the current account deficit already approaching unsustainable levels and given the corruption problems associated with Chinese investment projects elsewhere in Asia, the Philippines would be better off shunning Chinese investment," Capital Econo...Keep on reading: PH may fall into debt trap with China funds, says firm.....»»

Category: newsSource:  inquirerRelated NewsNov 22nd, 2018

Philippines more vulnerable to external shocks

The Philippines’ widening current account deficit as a result of higher investments will leave the country more vulnerable to external shocks and developments, according to ANZ Research......»»

Category: financeSource:  philstarRelated NewsOct 29th, 2018

Philippines can overcome ‘temporary adversities’ — DOF

The Department of Finance (DOF) yesterday expressed confidence that the Philippine economy can overcome “temporary adversities,” such as high inflation and a widening current account deficit......»»

Category: financeSource:  philstarRelated NewsSep 18th, 2018

Forex buffer enough to cover deficits — BSP

The ballooning trade and current account deficits arising from strong imports are still manageable as the country’s foreign exchange buffer remain sufficient, the Bangko Sentral ng Pilipinas (BSP) said......»»

Category: financeSource:  philstarRelated NewsSep 15th, 2018

Current account gap seen breaching target

The Philippines could post a wider current account deficit this year—topping the Bangko Sentral ng Pilipinas’ (BSP) target—and in 2019, an ING Bank Manila economist said. “[S]trong domestic demand continues to worsen the trade imbalance and would likely result to a wider current account deficit,” Joey Cuyegkeng noted in a report released on Tuesday. He said [...] The post Current account gap seen breaching target appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsSep 5th, 2018

PH a ‘clear-cut loser’ if oil prices keep rising

The Philippines will be among the “clear-cut losers” if global oil prices continue to increase this year, Japan’s Nomura said, with the impact to be felt in the country’s trade and current account balances as well as inflation. In a report titled “Higher oil prices drive EM divergence,” Nomura said it assessed the potential impact [...] The post PH a ‘clear-cut loser’ if oil prices keep rising appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsMay 1st, 2018

Nomura sees oil prices pressuring trade, current account deficits

By Melissa Luz T. Lopez Senior Reporter A SUSTAINED pickup in world crude prices will likely trigger a wider current account deficit for the Philippines and put additional pressure on domestic prices, Nomura Global Research said. Analysts from the Japanese bank said rising oil prices would have a substantial impact on the Philippine economy, and […] The post Nomura sees oil prices pressuring trade, current account deficits appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 1st, 2018

$2.5-B current account deficit largest in 18 years

MANILA, Philippines — The shortfall in the country’s current account (CA) position more than doubled last year to hit its highest level since 1999, primarily.....»»

Category: financeSource:  philstarRelated NewsMar 17th, 2018

Philippine current account deficit swells to $2.52-B in 2017

MANILA, Philippines — The Philippines posted a current account deficit of $2.52 billion last year on the back of wider trade gap that offset receipts from th.....»»

Category: financeSource:  philstarRelated NewsMar 16th, 2018

Risk remains despite limited current account gap growth

By Melissa Luz T. Lopez Senior Reporter THE PHILIPPINES is unlikely to see a “significant widening” of its current account deficit, even as a bigger gap exposes the country more to “sudden capital outflows,” S&P Global Ratings said in a regional note on Thursday. The global debt watcher expects Philippine gross domestic product (GDP) to […] The post Risk remains despite limited current account gap growth appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsFeb 22nd, 2018

Philippine CA shortfall below international norm — BSP

MANILA, Philippines — The projected shortfall in the country’s current account (CA) position, arising from strong imports to support the growing economy, is.....»»

Category: financeSource:  philstarRelated NewsFeb 19th, 2018

A faster pace of US rate hikes could pressure Philippines on outflows

in some ways, the Philippines - which reported 6.7 percent economic growth for 2017 - may seem more vulnerable to outflows than five years ago. It hasn’t been accumulating reserves since 2012 and President Duterte’s ambition to upgrade the country’s outdated infrastructure has depleted its other main line of defense, the current account surplus......»»

Category: newsSource:  interaksyonRelated NewsFeb 7th, 2018

Current account deficit seen worsening over 2 years

MANILA, Philippines — DBS Bank Ltd......»»

Category: financeSource:  philstarRelated NewsDec 26th, 2017

Japan’s R& I affirms PH investment grade score

Tokyo-based Ratings and Investment Information Inc. (R&I Ratings) on Tuesday affirmed its “BBB” investment grade rating for the Philippines, forecasting solid economic growth given the Duterte government’s aggressive infrastructure plans. An anticipated widening of the fiscal deficit and another current account deficit are unlikely to become major hitches and the financial system remains stable, it [...] The post Japan’s R&I affirms PH investment grade score appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsDec 20th, 2017