MANILA, Philippines — The Asian Development Bank reckoned that the Philippines is brimming with the potential to become a carbon exporter, but it would have to keep its distance from coal-fired energy. That was the assessment of David Raitzer, an economist at ADB, on Thursday at the launch of the multilateral lender’s new report “Asia in […]
Read MoreMANILA, Philippines — The value of the country’s digital economy went up by 11 percent in 2022, but its contribution to the gross domestic product (GDP) declined, according to the Philippine Statistics Authority (PSA). Data from the PSA showed the digital economy hit P2.08 trillion last year, higher than the P1.87 trillion in 2021. While […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is likely to gradually slash interest rates after aggressive rate hikes over the past year to fight inflation and stabilize the peso. BSP Governor Felipe Medalla told reporters that the Philippines is not likely to mimic the monetary policy actions of other central banks, particularly the […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) now expects a further slowdown in the country’s economic growth in the first quarter amid elevated inflation and rising interest rates. BSP Governor Felipe Medalla told reporters on the sidelines of the opening of the exhibit titled “Executive Insights on Systemic Risks: Its Nuances and Challenges” […]
Read MoreMANILA – The country’s digital economy, valued at P2.08 trillion, contributed 9.4 percent of the Philippines’ total gross domestic product (GDP) growth in 2022, according to the data from the state statistics bureau. The total value of the digital economy last year grew 11 percent from the P1.87 trillion recorded in 2021, the Philippine Statistics […]
Read MoreTHE peso and stock market both fell on Wednesday as an earnings report by a troubled US bank reignited investor fears. The currency weakened by 8 centavos to close at P55.62 against the dollar while the benchmark Philippine Stock Exchange index (PSEi) lost 53.15 points, or 0.81 percent, to end the day at 6,540.24. The […]
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