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Philippines: Investments soar 154%

MANILA, Philippines — Investments approved by the Philippine Economic Zone Authority (PEZA) soared by 154 percent to  P48.03 billion in the first five months of the year,  driven by a surge in investment approvals in May. In a statement yesterday, PEZA director general Tereso Panga said the amount is 153.74 percent higher than the P18.928 […]

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Philippines: Trade deficit likely weakened in April

MANILA, Philippines — The country’s trade gap likely widened in April from the previous month, with both exports and imports expected to have posted declines, according to United Kingdom-based think tank Pantheon Macroeconomics. Pantheon Macroeconomics chief emerging Asia economist Miguel Chanco and senior Asia economist Moorthy Krshnan said in a report that the country’s trade […]

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Sugar and rice: Key drivers of Philippines inflation

Food expenditure is a significant portion of Filipino family budgets. A family spends an average of around 40 percent on food, a large part of which is spent on rice.  As a result, changes in food prices substantially impact household budgets and overall inflation in the country.  In the Philippines, the prices of key imports […]

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