MANILA, PHILIPPINES (AP) – The Philippines has followed New Zealand’s decision to reject the inclusion of Myanmar in the world’s largest free trade pact as international opposition to the military takeover that sparked violence and democratic setbacks in the Southeast Asian nation broadened into trade and diplomatic sanctions. Foreign Secretary Teodoro Locsin Jr told his […]
Read MoreMANILA, Philippines — Economists are now expecting a faster rise in consumer prices this year before easing over the next two years, according to a survey conducted by the Bangko Sentral ng Pilipinas. BSP managing director Zeno Ronald Abenoja said the results of the central bank’s survey of private sector economists for February showed a […]
Read MoreMANILA, Philippines — Possible normalization in monetary policy, such as an increase in interest rates, my start by the second half as the output gap caused by the pandemic is expected to close in the second semester, according to the Bangko Sentral ng Pilipinas. BSP Deputy Governor Francisco Dakila Jr. said that the manageable inflation, […]
Read MoreMANILA, Philippines — The Philippine Ports Authority (PPA) sees continued cargo traffic growth this year after volume returned to pre-pandemic levels in 2021, raising its growth forecast amid optimism in the country’s economic recovery. PPA general manager Jay Santiago told The STAR that a recovery in the maritime trade and shipping is expected to be sustained […]
Read MoreMANILA, Philippines — The Philippines has the potential to be a frontrunner in wind energy development in Asia if it fully commits to renewable energy, improve permitting and leasing process, and boost its transmission system, according to the Global Wind Energy Council (GWEC). GWEC said the country is well positioned to be a regional leader […]
Read MoreMANILA, Philippines — The Philippine net oil import rose in the nine months ending September as the country’s fuel demand bounced back, according to latest data from the Department of Energy. The net import bill, or the difference between oil imports and exports, reached $7.21 billion from January to September last year, up 62.9 percent […]
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