Cash remittances up 3% in March

Overseas Filipino workers (OFWs) continued to send home more money, driving cash remittances 3% higher in March, the Philippine central bank said. — PHILIPPINE STAR/EDD GUMBAN MONEY SENT HOME by overseas Filipinos jumped by 3% in March amid the improving economic outlook in host countries. Data released by the Bangko […]

Vehicle sales jump by 21.8% in April

Vehicle sales continued to rise in April. — PHILIPPINE STAR/GEREMY PINTOLO NEW VEHICLE SALES rose by an annual 21.8% in April, but a month-on-month decline in sales may reflect slowing consumer demand. A joint report by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck Manufacturers Association […]

BSP may pause rate increases — Medalla

BANGKO SENTRAL NG PILIPINAS GOVERNOR FELIPE MEDALLA — REUTERS By Keisha B. Ta-asan, Reporter MACTAN, Cebu — The Bangko Sentral ng Pilipinas (BSP) is likely to keep policy rates unchanged on Thursday as inflation continues to ease, its governor said on Monday. BSP Governor Felipe M. Medalla said that the […]