MANILA, Philippines — The Philippines has lowered its population growth to 1.5 percent in line with its human development goals, the National Economic and Development Authority (NEDA) said. Speaking during the recently held celebration of World Population Day, Socioeconomic Planning Secretary Ernesto Pernia said that while the number of Filipinos continue to rise, the growth […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) said monetary authorities have more leeway to ease this quarter amid the country’s easing inflation and the dovish US Federal Reserve. BSP Governor Benjamin Diokno said further improvement in the domestic inflation outlook and the anticipated move of the US Fed to cut its own key […]
Read MoreMANILA, Philippines — A tighter timeline to finalize concession agreements has been set by the government for proponents who have submitted unsolicited proposals for port projects. Philippine Ports Authority (PPA) general manager Jay Santiago said he has been ordered by Transportation Secretary Arthur Tugade to wrap up negotiations for unsolicited proposals within a maximum of […]
Read MoreMANILA, Philippines — Local car assemblers finally snapped a cumulative sales decline as total sales in the first six months rose 1.46 percent from a year ago, signaling improving demand particularly for commercial vehicles. A joint report of the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and Truck Manufacturers Association Inc. (TMA) released […]
Read MoreMANILA, Philippines — Net inflows of foreign direct investments (FDI) slipped for the second straight month in April, but the Bangko Sentral ng Pilipnas (BSP) is confident of a strong recovery in the coming months to meet the new lower target of $9 billion for this year. The BSP reported yesterday net FDI inflows declined […]
Read MoreMANILA, Philippines — Wholesale prices of building materials continued to rise in June as faster markups were seen in most construction materials, the Philippine Statistics Authority (PSA) said. The Construction Materials Wholesale Price Index (CMWPI) in the National Capital Region (NCR), which is used as a reference in the costing of government projects, grew at […]
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