Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

Home>>Daily News>>Philippines>>Economy>>BSP monitoring economy for risk of overheating

NEWS UPDATES Asean Affairs   December 7,  2017  














BSP monitoring economy for risk of overheating


The Bangko Sentral ng Pilipinas (BSP) is closely monitoring the national economy and is prepared to counter risks of overheating, Governor Nestor Espenilla, Jr. said Wednesday.

"I can tell you that BSP spends a lot of time understanding the economy at any given point of time, developing a dynamic game plan, and executing effectively. So the economy doesn't overheat!" he said in a text message to reporters.

To recall, analysts raised the concern after the third-quarter growth was registered at 6.9 percent, higher than the market consensus of 6.6 percent.

Overheating happens when economic growth is unsustainable, pushing producers to overproduce to keep up with an increase in demand.

“We are working hard to run our economy competitively so it finishes a winner. We are talking careful preparation, regular tune-ups and  upgrades, skillful driving, and constant monitoring,” Espenilla said.

“The  engine is expected to get hot along the way. That's what running engines do. But there's a huge difference between a hot engine and an overheated engine. If we don't like hot engines, we should keep our car parked,” he added.

Just last month, Espenilla said the  Philippine economy may not be at risk of overheating anytime soon, but the BSP is prepared to address such a concern. — BM, GMA News




Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates
Contact: marketing@aseanaffairs.com

Comment on this Article. Send them to  your.views@aseanaffairs.com

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
 
or
submit your comment in the box below



  Today's  Stories                         December November  7,  2017
• BSP monitoring economy for risk of overheating Subcribe: Asean Affairs Global Magazine
• PGN says acquisition of Pertagas initial step toward holding firm Subsribe Now !
BPO to drive PHL office space demand in 2018
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

China firms promise to invest $7B in Kingdom
Nissan, Honda recall cars to fix problems
Asean Analysis                  October 27,  2017
• Asean Analysis October 27, 2017
Southeast Asia from Scott Circle: Indonesian Presidential Politics Begins to Heat Up 18 Months before Elections
Advertise Your Brand

Asean Stock Watch   December 6 ,  2017

• Asean Stock Watch-December 6, 2017
The Biweekly Update
• The Biweekly Update  October 27, 2017

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan

ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


Name

Name


Email

Email



1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2017 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com