MANILA, Philippines — Inflation remained painfully high in September after a devastating typhoon that hit the country during the month exacerbated persistent supply problems. In a briefing on Wednesday, the Philippine Statistics Authority reported inflation quickened 6.9% year-on-year in September. This was much faster than the 6.3% recorded in the preceding month. This exceeded the national […]
Read MoreJoining the ranks of high-income countries is the holy grail of developing economies. The World Bank (WB) defines high income countries as having Gross National Income (GNI) per capita of $12,696 or more. This universal aspiration came into sharp focus recently as the NEDA announced that the Philippines will aim to be a high-income country […]
Read MoreMANILA, Philippines — Economists following developments in the Philippines have trimmed their growth forecast for this year and next year over concerns on the weak peso and high inflation, according to a survey of think tank Japan Center for Economic Research (JCER). Results of the quarterly consensus survey on Asian economies conducted by JCER in […]
Read MoreMANILA, Philippines — While the Philippines posted a minimal increase in motor vehicle production in the eight months of the year, its growth continues to lag behind six of its Southeast Asian neighbors. Data from the Association of Southeast Asian Nations (ASEAN) Automotive Federation (AAF) showed 54,918 motor vehicles were assembled in the Philippines from […]
Read MoreTHE Philippine central bank said on Tuesday (Oct 4) it was taking steps to manage any disruption in the financial market, and urged participants not to take advantage of a peso currency hovering at record lows against the US dollar. The peso closed at a record 59 to the greenback on Monday, taking its year-to-date […]
Read MoreMANILA, Philippines — The country’s manufacturing activity continued to grow in September, rising to a three-month peak, due to stronger demand. S&P Global Market Intelligence said in a report released yesterday that the Philippines’ manufacturing purchasing managers’ index (PMI) was at 52.9 in September, up from the 51.2 in August. The latest reading is the […]
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