Balisacan advised on economic slowdown and recovery in the Philippines, noting that Middle East conflict impacted remittance receipts.
7 reports, 3 independent
Updated Aug 31
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What happened
Balisacan advised on economic slowdown and recovery in the Philippines, noting that Middle East conflict impacted remittance receipts.
Who's involved
What this event is mainly aboutKeep exploring
Part of
The Bangko Sentral ng Pilipinas governs the financial infrastructure of the Philippines while regional conflict impacts economic stability and OFW remittances from Riyadh.Also in this story
- The Bangko Sentral ng Pilipinas is overseeing financial inclusion and regional operations, involving Berna Romulo-Puyat.
- BSP manages monetary policy amidst Middle East supply shocks, while Arsenio Balisacan advises on Philippine long-term growth strategy.
The entities involved
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Philippines
archipelagic country in Southeast Asia
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Middle East
geopolitical region encompassing Egypt and most of Western Asia, including Iran
Related events
- Advocates recommend that the Philippine economy shift its focus from relying on consumption to prioritizing investment for sustainable growth.
- The government is managing fiscal policy and economic recovery, which is dictated by the outcome of the ongoing conflict in the Middle East.
- Geopolitical instability affects oil prices and remittance flows, leading to discussions on free trade agreements and infrastructure spending.