Exports in March rose sharply by 9.2% year-on-year, with total shipments in the first quarter up by 4.9%, the highest quarterly growth in four years. Exports surged well above expectations in March, after declining the previous month, helped by strong demand for rubber and computers, in an encouraging sign for the export-dependent economy still trying […]
Read MoreMANILA, Philippines – The Philippines is expected to post an improvement in the World Bank’s “Doing Business” report this year but will likely fall short of cracking the top third of the global rankings, Trade Secretary Ramon Lopez said. Lopez, who co-chairs the National Competitiveness Council (NCC), said the country can expect a modest two […]
Read MoreThe Ministry of Economy and Finance (MEF) is planning to form a joint committee chaired by government officials and microfinance institutions (MFIs) to promote small loan disbursements as the new 18 percent loan interest rate cap takes effect, according to an announcement released by the government on Friday. The initiative was announced after representatives from […]
Read MoreWASHINGTON – The Philippine economy is capable of growing by around seven percent over the next two years on the back of robust domestic demand as well as a strong recovery in exports, according to the International Monetary Fund (IMF). “Economic growth is expected to remain robust at around seven percent this year and next […]
Read MoreTEMPO.CO, Jakarta – State-owned Enterprises (SOE) Minister Rini Soemarno set a target of the total assets of SOEs in 2017 to reach Rp 7,200 trillion, higher than those of 2016 as much as Rp 6,300 trillion. “In 2017, the value of assets has to reach Rp 7,200 trillion and the profit increases from Rp 163 trillion in 2016 to Rp 205 trillion,” Rini said wile attending the 28th anniversary of BUMN in Yogyakarta on Friday (21/4). Rini believed that the Rp […]
Read MoreMANILA, Philippines – The construction industry is expected to continue playing an important part in the Philippines’ projected economic growth, especially as the country embarks on the “golden age” of infrastructure. Construction Industry Authority of the Philippines (CIAP) undersecretary Ruth Castelo said the industry is seen growing its share of total employment in the country. […]
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