Sound macroeconomic fundamentals seen aiding Philippines: Central Bank


Benjamin Diokno. - PDI

MANILA (Philippine Daily Inquirer/Asia News Network): The Philippines’ recovery from the deepest output contraction since World War II is being supported by sound fundamentals, which pave the way for a much stronger economy after the pandemic, according to the country’s chief monetary regulator.

Speaking before Japanese investors in a recent online forum, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno pointed to the 11.8-per cent growth in the second quarter as evidence of this.

Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Aseanplus News

A missile launch pad on the seabed? Chinese simulation suggests it’s possible
The war in Iran sparks a global fertilizer shortage and threatens food prices
Yangon's public bus passengers rise after odd-even license plate system introduced in Myanmar
'Save as much as you can' - Thai PM orders emergency measures in provinces to address fuel crisis
Singapore and Asean will always maintain an open and inclusive approach, will not choose sides, says PM Wong
'Shipment bound for Cambodia' as Singapore seizes record Asian pangolin scales disguised as 'dried fish skin'
Brunei's CPI falls 0.3 per cent year-on-year in February 2026
Can Taiwan fulfil its Asia-Pacific drone hub goal with a ‘non-red’ supply chain push?
Heatwave: Public advised to limit outdoor time, stay hydrated
US unlikely to convince China to join new nuclear arms control agreement, experts say

Others Also Read