Asia Pacific Economic Cooperation (APEC) Business Advisory Council (ABAC) has called for more inclusive trade liberalization that will contribute to economic and social development among countries in the Asia Pacific region. ABAC Philippines Chair Tomas Alcantara said more than communicating the benefits of pursuing open trade, impacts of this global development must be broadly felt […]
Read MoreMalaysia has joined other developed countries in supporting the Philippine infrastructure development program, Socioeconomic Planning Secretary Ernesto Pernia said on Monday. “Strong expressions of funding support for the country’s massive infrastructure build-up from bilateral and multilateral partners Japan, China, South Korea and Malaysia, as well as WB, ADB, and AIIB,” Pernia said in a presentation […]
Read MoreBSP cites young population, sound macroeconomic fundamentals The central bank sees continued inflow of foreign direct investments (FDI) into the Philippines in 2017 as the country remains an attractive destination for investors given its young population, vibrant industry sectors and solid macroeconomic fundamentals. FDI inflow “is going to continue, given the [country’s] sustained economic growth, […]
Read MoreTHE Philippines’ balance of payments position yielded a $436 million deficit in February, its widest deficit in four months, central bank data released on Monday showed. The payments deficit expanded from a $251 million gap a year earlier and a $9 million shortfall in January. The February deficit was the widest since November 2016, when […]
Read MoreThe strengthening baht is in line with the economy’s fundamentals and no intervention by the central bank is needed, says a high-ranking finance official. “The stronger baht that has been observed recently reflects Thailand’s strong economic fundamentals, so we should not panic over it,” said finance permanent secretary Somchai Sujjapongse. The baht rose to 34.66 […]
Read MoreMANILA, Philippines – Despite external economic challenges, the Philippines continues to see strong inflow of foreign direct investments (FDI), driven by the recovery in the manufacturing sector and the sustained growth in the services sector, according to the Bangko Sentral ng Pilipinas (BSP). “Manufacturing for instance is picking up again in addition to the usual […]
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