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Philippines: Government still lukewarm to PPP

MANILA, Philippines — The country’s economic managers remain lukewarm to pursuing more big-ticket projects via public-private partnership (PPP) even as the shift in financing mode from official development assistance (ODA) to other modes is being considered. In a briefing yesterday, Finance Secretary Carlos Dominguez III said should government pull out some projects from ODA financing […]

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Philippines – DOF: Inflation rises to 4.9% in June

MANILA, Philippines — Inflation likely accelerated to a fresh five-year high of 4.9 percent in June due to higher prices of food and “sin” products, the Department of Finance (DOF) said yesterday. In its latest economic bulletin, the DOF said the June inflation may have grown to 4.9 percent year-on-year, faster than the previous month’s […]

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Philippines: DOF sees faster inflation in June

MANILA, Philippines — The overall increase in prices of key consumer items likely accelerated at a faster pace in June driven by higher food prices, the Department of Finance said Tuesday. In an economic bulletin, the DOF said inflation might have inched up to 4.9 percent in June. Actual May inflation rate spiked to a five-year […]

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Philippines: DBCC revises economic assumptions

MANILA, Philippines — The inter-agency Development Budget Coordination Committee (DBCC) disclosed a new set of economic assumptions for this year and next year to reflect the aggressive spending strategy of the government and the upward trend in consumer prices. However, despite the change in some of the macroeconomic forecasts, economic managers still maintain the country’s […]

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Philippines: Manufacturing posts slower growth in June

MANILA, Philippines — Domestic factory output sustained growth, although at a slower pace in June because of slower increases in output and new orders coupled with persisting inflationary pressures, according to the Nikkei Philippines Manufacturing Purchasing Managers’ Index (PMI) released yesterday. The headline Manufacturing PMI for the country registered a lower reading of 52.9 in […]

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Philippines: Weaker peso to spur tourist spending

MANILA, Philippines — A weaker peso is seen boosting tourism receipts as foreign tourists spend more as they get more value for they money, an official of the Department of Tourism(DOT) said. “A stronger US dollar against the Philippine peso will mean more purchasing power for foreign tourists visiting the country,”Tourism Undersecretary Benito Bengzon told The […]

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