The head of the Philippine Central Bank has stated that there will not be another off-cycle interest rate adjustment. The head of the Philippine Central Bank stated on Tuesday that there would not be another off-cycle move on monetary policy tightening. At the same time, he indicated that there would be a rate hike of less than 75 basis points …

ASEAN – Despite having the third biggest increase in the external debt ratio among five Southeast Asian countries, the Philippines still maintains the lowest ratio of foreign debt to domestic production. According to a research from the Department of Finance’s senior economist Gil Beltran, the Philippines has the lowest foreign debt as a percentage of GDP (27%) among ASEAN nations …

ASEAN – According to debt monitor Moody’s Investors Service, the Asia-Pacific region, including the Philippines, would undoubtedly feel the effect of rising tensions and Russia’s threat of invading Ukraine via global price shocks and trade disruption (Feb. 23). Moody’s managing director Michael Taylor said in a statement that the Asia-Pacific economies they monitor had “little direct exposure to Russian or …