In a report, Capital Economics said La Niña, a weather event associated with above normal rains, could provide good growing conditions for crops in the region and put downward pressure on food prices.
“Our view is that central banks in the region will begin cutting interest rates later this year. La Niña increases the odds that easing cycles will be even more aggressive than our forecasts, which are already more dovish than the consensus,” Ankita Amajuri, assistant economist at Capital Economics, said.
Citing the World Meteorological Organization, Amajuri said there is a 70 percent chance of a La Niña between August and November, which could provide support for producers of rice, coffee and sugar as these commodities have been negatively affected by the dry spell over the past semester.
Bu hikaye The Philippine Star dergisinin July 10, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye The Philippine Star dergisinin July 10, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Makati Medical Center shines at Investors in People Philippines Awards
Makati Medical Center (MakatiMed) received the Social Responsibility Award and was named runner-up for People Investor of the Year at the Investors in People (IIP) Philippines Awards recently.
BIR seizes illicit cigarettes with P8-B tax deficiencies
The sale of illicit cigarettes continues to be a government problem with the Bureau of Internal Revenue (BIR) finding P8 billion in tax liabilities from its latest operation.
Maybank eyes more Islamic banking
Maybank Philippines Inc.(MPI), a member of the Malaysian Maybank Group, a leading financial services group ranked No. 4 in the Association of Southeast Asian Nations (ASEAN) by assets, is looking to set up more Islamic banking branches as it reviews where to best position them alongside some of its other branches in the Philippines.
New SEC guidelines seen to power up energy sector
The Securities and Exchange Commission (SEC) is planning to launch early next year a set of guidelines that will help further energize the country's power sector.
Anatomy of an expensive toilet soap bar
One basic rule in quality and productivity improvement is that management must listen to all employee ideas, even those that appear absurd at first glance.
Bank lending picks up for 2nd straight month
The growth in loans disbursed by big banks accelerated for a second straight month to 10.9 percent in August, from 10.4 percent in July, data from the Bangko Sentral ng Pilipinas (BSP) showed.
Push for wealth tax resurfaces
As digital tax seen to hit consumers more
Cebu Pacific using AirSWIFT for El Nido trips
Low-cost carrier Cebu Pacific will add a niche route to its flight network with its acquisition of boutique airline AirSWIFT Transport Inc. , which operates direct trips to El Nido, Palawan.
Megaworld names Kevin Tan as new executive director
Tycoon Kevin Tan has ascended the ranks at property giant Megaworld Corp., taking on the role of executive director as he succeeds his mother, Katherine Tan, who stepped down yesterday.
Index surges, hits new 5-year high
The local stock market started the week on a high note, surging to its highest close in almost five years on the back of encouraging eco- nomic data here and abroad.