+ Follow Joey Cuyegkeng Tag
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[ArticleID] => 1852067
[Title] => Record current account shortfall forecast this year
[Summary] => Dutch financial giant ING Bank expects the current account deficit to widen to a new record of at least $7.5 billion this year or three times last year’s $2.52 billion as the country spends more dollars to finance surging imports to support the expanding economy.
[DatePublished] => 2018-09-17 00:00:00
[ColumnID] => 0
[Focus] => 1
[AuthorID] => 1097197
[AuthorName] => Lawrence Agcaoili
[SectionName] => Business
[SectionUrl] => business
[URL] => http://media.philstar.com/images/articles/dollar-migueldeguzman_2018-09-16_19-56-04494_thumbnail.jpg
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[1] => Array
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[ArticleID] => 1846079
[Title] => ING sees peso weakening to 54 : $1
[Summary] => Dutch financial giant ING Bank said the peso would weaken further against the greenback to 54 this year and 55 next year due to strong imports, as well as soft remittances from overseas Filipinos.
[DatePublished] => 2018-08-27 00:00:00
[ColumnID] => 0
[Focus] => 1
[AuthorID] => 1097197
[AuthorName] => Lawrence Agcaoili
[SectionName] => Business
[SectionUrl] => business
[URL] => http://media.philstar.com/images/articles/peso-dollarmigueldeguzman_2018-08-26_20-25-07811_thumbnail.jpg
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[ArticleID] => 1797776
[Title] => Remittances not enough to plug trade gap — ING
[Summary] => Remittances sent home by overseas Filipinos would not be enough to finance the country’s widening trade deficit as imports continued to grow faster than exports, Dutch financial giant ING Bank NV said.
[DatePublished] => 2018-03-18 00:00:00
[ColumnID] => 0
[Focus] => 1
[AuthorID] => 1097197
[AuthorName] => Lawrence Agcaoili
[SectionName] => Business
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[URL] => http://media.philstar.com/images/articles/bus1-ing-bank-logo_2018-03-17_20-50-35334_thumbnail.jpg
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[ArticleID] => 1689478
[Title] => Phl growth likely eased in Q1 – ING
[Summary] => Dutch financial giant ING Bank said the country’s domestic output growth likely eased in the first quarter due to the absence of election-related spending that boosted private consumption last year.
[DatePublished] => 2017-04-28 19:24:00
[ColumnID] => 0
[Focus] => 1
[AuthorID] => 1097197
[AuthorName] => Lawrence Agcaoili
[SectionName] => Business
[SectionUrl] => business
[URL] =>
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[ArticleID] => 1549675
[Title] => BPO revenues to offset foreseen remittance slowdown
[Summary] => Top bank economists are not alarmed by the possible slow down in cash remittances from overseas Filipinos amid the tension in the Middle East, softening oil prices, and the weakening of other currencies against the US dollar.
[DatePublished] => 2016-02-04 09:00:00
[ColumnID] => 0
[Focus] => 0
[AuthorID] => 1097197
[AuthorName] => Lawrence Agcaoili
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[URL] => http://media.philstar.com/images/the-philippine-star/business/business-main/20160103/bpo-compnay-1.jpg
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[ArticleID] => 1539632
[Title] => Peso to weaken further to 48:$1 this year – ING
[Summary] => Dutch financial giant ING Bank sees the peso weakening further by as much as four percent against the dollar this year due to the normalization of interest rates in the US and the economic slowdown in China.
[DatePublished] => 2016-01-05 09:00:00
[ColumnID] => 0
[Focus] => 0
[AuthorID] => 1097197
[AuthorName] => Lawrence Agcaoili
[SectionName] => Business
[SectionUrl] => business
[URL] => http://media.philstar.com/images/the-philippine-star/business/business-main/20141229/peso-coins.jpg
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[6] => Array
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[ArticleID] => 1525901
[Title] => ING: Philippines' Q3 GDP likely grew 6.3%
[Summary] => Dutch financial giant ING Bank believes the country’s economic expansion picked up and exceeded six percent in the third quarter on the back of accelerated government spending.
[DatePublished] => 2015-11-25 09:00:00
[ColumnID] => 0
[Focus] => 0
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[AuthorName] => Lawrence Agcaoili
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[ArticleID] => 1515864
[Title] => Investment banks forecast GDP growth above 6% in H2
[Summary] => ING Bank, Standard Chartered Bank, and ANZ Bank see the country’s economic growth picking up and exceeding six percent in the second half on the back of higher government spending.
[DatePublished] => 2015-10-28 10:00:00
[ColumnID] => 0
[Focus] => 0
[AuthorID] => 1097197
[AuthorName] => Lawrence Agcaoili
[SectionName] => Business
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[URL] => http://media.philstar.com/images/the-philippine-star/business/business-main/20150125/gdp-growth-1.jpg
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[ArticleID] => 1511832
[Title] => Below 1% inflation possible in Q4 – ING
[Summary] => Dutch financial giant ING Bank sees average inflation falling below 1.4 percent this year on the back of stable food prices and cheaper utility rates before picking up to 2.2 percent next year due to the impact of the severe and prolonged El Niño weather condition.
[DatePublished] => 2015-10-17 10:00:00
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[AuthorName] => Lawrence Agcaoili
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[ArticleID] => 1509268
[Title] => Peso strengthens, breaks 45:$1 mark
[Summary] => The peso gained 24 centavos Friday, breaching the 45 to a dollar level for the first time in nearly two months since the Chinese central bank devalued the yuan amid talks the US Federal Reserve could further delay the much anticipated interest rate increase.
[DatePublished] => 2015-10-10 10:00:00
[ColumnID] => 0
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[AuthorID] => 1097197
[AuthorName] => Lawrence Agcaoili
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Joey Cuyegkeng
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[0] => Array
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[ArticleID] => 1852067
[Title] => Record current account shortfall forecast this year
[Summary] => Dutch financial giant ING Bank expects the current account deficit to widen to a new record of at least $7.5 billion this year or three times last year’s $2.52 billion as the country spends more dollars to finance surging imports to support the expanding economy.
[DatePublished] => 2018-09-17 00:00:00
[ColumnID] => 0
[Focus] => 1
[AuthorID] => 1097197
[AuthorName] => Lawrence Agcaoili
[SectionName] => Business
[SectionUrl] => business
[URL] => http://media.philstar.com/images/articles/dollar-migueldeguzman_2018-09-16_19-56-04494_thumbnail.jpg
)
[1] => Array
(
[ArticleID] => 1846079
[Title] => ING sees peso weakening to 54 : $1
[Summary] => Dutch financial giant ING Bank said the peso would weaken further against the greenback to 54 this year and 55 next year due to strong imports, as well as soft remittances from overseas Filipinos.
[DatePublished] => 2018-08-27 00:00:00
[ColumnID] => 0
[Focus] => 1
[AuthorID] => 1097197
[AuthorName] => Lawrence Agcaoili
[SectionName] => Business
[SectionUrl] => business
[URL] => http://media.philstar.com/images/articles/peso-dollarmigueldeguzman_2018-08-26_20-25-07811_thumbnail.jpg
)
[2] => Array
(
[ArticleID] => 1797776
[Title] => Remittances not enough to plug trade gap — ING
[Summary] => Remittances sent home by overseas Filipinos would not be enough to finance the country’s widening trade deficit as imports continued to grow faster than exports, Dutch financial giant ING Bank NV said.
[DatePublished] => 2018-03-18 00:00:00
[ColumnID] => 0
[Focus] => 1
[AuthorID] => 1097197
[AuthorName] => Lawrence Agcaoili
[SectionName] => Business
[SectionUrl] => business
[URL] => http://media.philstar.com/images/articles/bus1-ing-bank-logo_2018-03-17_20-50-35334_thumbnail.jpg
)
[3] => Array
(
[ArticleID] => 1689478
[Title] => Phl growth likely eased in Q1 – ING
[Summary] => Dutch financial giant ING Bank said the country’s domestic output growth likely eased in the first quarter due to the absence of election-related spending that boosted private consumption last year.
[DatePublished] => 2017-04-28 19:24:00
[ColumnID] => 0
[Focus] => 1
[AuthorID] => 1097197
[AuthorName] => Lawrence Agcaoili
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 1549675
[Title] => BPO revenues to offset foreseen remittance slowdown
[Summary] => Top bank economists are not alarmed by the possible slow down in cash remittances from overseas Filipinos amid the tension in the Middle East, softening oil prices, and the weakening of other currencies against the US dollar.
[DatePublished] => 2016-02-04 09:00:00
[ColumnID] => 0
[Focus] => 0
[AuthorID] => 1097197
[AuthorName] => Lawrence Agcaoili
[SectionName] => Business
[SectionUrl] => business
[URL] => http://media.philstar.com/images/the-philippine-star/business/business-main/20160103/bpo-compnay-1.jpg
)
[5] => Array
(
[ArticleID] => 1539632
[Title] => Peso to weaken further to 48:$1 this year – ING
[Summary] => Dutch financial giant ING Bank sees the peso weakening further by as much as four percent against the dollar this year due to the normalization of interest rates in the US and the economic slowdown in China.
[DatePublished] => 2016-01-05 09:00:00
[ColumnID] => 0
[Focus] => 0
[AuthorID] => 1097197
[AuthorName] => Lawrence Agcaoili
[SectionName] => Business
[SectionUrl] => business
[URL] => http://media.philstar.com/images/the-philippine-star/business/business-main/20141229/peso-coins.jpg
)
[6] => Array
(
[ArticleID] => 1525901
[Title] => ING: Philippines' Q3 GDP likely grew 6.3%
[Summary] => Dutch financial giant ING Bank believes the country’s economic expansion picked up and exceeded six percent in the third quarter on the back of accelerated government spending.
[DatePublished] => 2015-11-25 09:00:00
[ColumnID] => 0
[Focus] => 0
[AuthorID] => 1097197
[AuthorName] => Lawrence Agcaoili
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 1515864
[Title] => Investment banks forecast GDP growth above 6% in H2
[Summary] => ING Bank, Standard Chartered Bank, and ANZ Bank see the country’s economic growth picking up and exceeding six percent in the second half on the back of higher government spending.
[DatePublished] => 2015-10-28 10:00:00
[ColumnID] => 0
[Focus] => 0
[AuthorID] => 1097197
[AuthorName] => Lawrence Agcaoili
[SectionName] => Business
[SectionUrl] => business
[URL] => http://media.philstar.com/images/the-philippine-star/business/business-main/20150125/gdp-growth-1.jpg
)
[8] => Array
(
[ArticleID] => 1511832
[Title] => Below 1% inflation possible in Q4 – ING
[Summary] => Dutch financial giant ING Bank sees average inflation falling below 1.4 percent this year on the back of stable food prices and cheaper utility rates before picking up to 2.2 percent next year due to the impact of the severe and prolonged El Niño weather condition.
[DatePublished] => 2015-10-17 10:00:00
[ColumnID] => 0
[Focus] => 0
[AuthorID] => 1097197
[AuthorName] => Lawrence Agcaoili
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 1509268
[Title] => Peso strengthens, breaks 45:$1 mark
[Summary] => The peso gained 24 centavos Friday, breaching the 45 to a dollar level for the first time in nearly two months since the Chinese central bank devalued the yuan amid talks the US Federal Reserve could further delay the much anticipated interest rate increase.
[DatePublished] => 2015-10-10 10:00:00
[ColumnID] => 0
[Focus] => 0
[AuthorID] => 1097197
[AuthorName] => Lawrence Agcaoili
[SectionName] => Business
[SectionUrl] => business
[URL] => http://media.philstar.com/images/the-philippine-star/business/business-main/20151011/philippines-money-2.jpg
)
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)
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