MANILA, Philippines — Factory gate prices picked up faster in February, as increments were recorded in majority of the industry groups, the Philippine Statistics Authority (PSA) said. Latest data from PSA showed the Producer Price Index (PPI) for February accelerated to 4.4 percent, faster than the four percent in January. In the same month last […]
Read MoreMANILA, Philippines — The Duterte administration posted a smaller budget deficit in February after both government spending and revenues contracted during the month. Data released Thursday by the Bureau of the Treasury showed the government ran a P105.8 billion budget deficit in the second month of the year, 8.77% narrower compared with a year ago. In […]
Read MoreMANILA, Philippines — The Philippines currently holds the second largest pipeline of airport infrastructure projects in terms of value, according to Fitch Solutions. In a report, Fitch Solutions said medium-to long-term opportunities abound in Asia, as majority of airport projects are currently at the pre-construction phase. It said the region hosts over $220 billion worth […]
Read MoreMANILA, Philippines — More Filipinos are carrying less cash in their wallets as they shifted to contactless payments last year amid the COVID restrictions, according to the latest Consumer Payment Attitudes Study of Visa. Dan Wolbert, country manager for the Philippines and Guam at Visa, said in a virtual press conference that the preference for cashless […]
Read MoreTHE Philippines is among the commodity-dependent group of emerging markets (EM) with generally good fundamentals that will profit once commodity prices fall following the Russia-Ukraine conflict, according to analysts at Nomura Securities Ltd. Nomura analysts Rob Subbaraman and Si Ying Toh wrote in a research released on Tuesday that they have recently changed to a […]
Read MoreMANILA, Philippines — The Asian Development Bank (ADB) is working on a business and employment recovery program in the Philippines, especially for Filipino women who were hardest hit by the pandemic. In a webinar yesterday, ADB country director Kelly Bird said the Manila-based multilateral lender is teaming up with the Department of Labor and Employment […]
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