MANILA, Philippines — New York-based think tank Global Source Partners Inc. expects Philippine inflation to breach five percent in the second quarter and remain elevated for the rest of 2022. In a commentary, former finance undersecretary Romeo Bernardo, country analyst at Global Source, said the consumer price index may continue to accelerate due to soaring […]
Read MoreMANILA, Philippines — BDO Unibank Inc. continues to maintain its dominance of the local banking industry in terms of assets, capitalization, deposits and loans. Latest data from the Bangko Sentral ng Pilipinas (BSP) showed BDO was number one in terms of total assets with P3.48 trillion last year, 7.1 percent higher than the P3.25 trillion […]
Read MoreMANILA, Philippines — The Philippines is expected to export less coconut oil due to the impact of Typhoon Odette on the local coconut sector, according to the United States Department of Agriculture (USDA). In a report by its Foreign Agricultural Service (FAS), the USDA said the Philippines may export 930,000 metric tons (MT) of coconut […]
Read MoreMANILA, Philippines — Foreign trade growth moderated in February after country’s imports grew at a slower pace during the month, state statisticians reported Friday. The Philippines’ total external trade amounted to $15.85 billion in February, expanding 18.1% year-on-year, data from the Philippine Statistics Authority showed. That was slower compared to 20.3% annual growth rate recorded in […]
Read MoreMANILA, Philippines — The Philippine economy expanded at a slightly faster pace of 5.7 percent last year, the Philippine Statistics Authority (PSA) reported yesterday. The PSA said the country’s gross domestic product (GDP), a measure of economic output, grew by 5.7 percent for the full year 2021. This is slightly higher than the 5.6 percent […]
Read MoreMANILA, Philippines — The government’s top two revenue offices have forfeited an average of P1.67 billion in taxes due to the illicit trade of cigarettes, but a legislator warned authorities have yet to infiltrate the P26-billion market for fake tobacco. Bureau of Internal Revenue (BIR) director Beverly Milo yesterday said the agency recorded tax losses […]
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