2nd fastest in ASEAN MANILA, Philippines — Moody’s Analytics has upgraded its gross domestic product (GDP) growth forecast for the Philippines from 5.6 percent to 6.2 percent this year as the country continues to recover from the impact of the pandemic. This will make the Philippines the second fastest-growing economy in the Association of Southeast […]
Read MoreMANILA, Philippines — Scars caused by the pandemic on the Philippine economy may be permanent as the country may not be able to recoup the losses caused by the global health crisis, according to S&P Global Ratings. Vince Conti, economist for Asia at S&P, said in a webinar that the Philippines fell 20 percent below […]
Read MoreMANILA, Philippines — The country’s sugar production continued to grow in the first week of February, but at a slower pace of three percent, according to the Sugar Regulatory Administration (SRA). Figures from the SRA showed that raw sugar production reached 1.02 million metric tons (MT) as of Feb. 6, higher than the 989,204 MT […]
Read MoreON Nov. 15, 2020, Association of Southeast Asian Nations (Asean) member states and its dialogue partners signed the Regional Comprehensive Economic Partnership (RCEP) agreement that is considered as the largest free trade deal in the world. The agreement is an economic treaty brokered by the Asean, of which the Philippines is a member, and its […]
Read MoreLISTED BDO Unibank Inc. has already refunded 94 percent of almost 700 clients whose accounts were hacked in December last year, according to the Bangko Sentral ng Pilipinas (BSP). “BDO has already reimbursed 94 percent of all affected customers and has assured us that remaining clients will be fully reimbursed for their losses,” BSP Governor […]
Read MoreMANILA, Philippines — The government should start implementing measures to protect consumers as oil prices have climbed for seven consecutive weeks in step with global trends, a consumer group said yesterday. Prices of gasoline are set to increase by P1.20 per liter, diesel prices by P1.05 per liter and kerosene by P0.65 per liter, oil […]
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