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Philippines: NEDA still optimistic on growth target

MANILA, Philippines — The country’s economic growth may exceed the target set by the government for this year, given its latest performance and expectations of strong growth in the last quarter of the year, the National Economic and Development Authority (NEDA) said. In a briefing yesterday, NEDA Secretary Arsenio Balisacan said the country’s average gross […]

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Philippines: Inflation may remain high at 4.8% next year

MANILA, Philippines — Inflation may remain elevated next year, staying well above the two to four percent target set by the Bangko Sentral ng Pilipinas (BSP), according to New York-based think tank Global Source Partners Inc. In a report, former finance undersecretary Romeo Bernardo, country analyst at GlobalSource, said that inflation may remain elevated at […]

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