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+ Follow BARANGAY GINEBRA SAN MIGUEL AND MERALCO Tag
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BARANGAY GINEBRA SAN MIGUEL AND MERALCO
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January 26, 2015 - 6:00pm
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Credit growth accelerated for a fourth straight month in May, reaching its fastest pace in more than a year as businesses stepped up borrowing and household credit remained resilient, signaling that earlier monetary easing is beginning to filter through the broader economy.
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The Philippines is now classified as an upper-middle income country, following an upgrade by the World Bank in its latest country income classification update.
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The Philippine economy can still absorb another interest rate increase if needed, Bangko Sentral ng Pilipinas Governor Eli Remolona Jr. said, as inflation remains elevated while growth is expected to recover in the second half.
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Every July, we mark National MSME Month in the Philippines – and rightly so. MSMEs are the engine of our economy.
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Forex
February 12, 2018
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