MANILA, Philippines — The government’s outstanding liabilities in September already surpassed the Duterte administration’s forecast for the entire year, continuing a pandemic-led ascent to levels that may alarm some watchers. The state’s debt burden amounted to P11.92 trillion as of end-September, 2.4% heavier than the preceding month’s level, the Bureau of the Treasury reported Friday. Since […]
Read MoreMANILA, Philippines — The Philippine economy would be among those to be hurt most by the slowdown in China, the country’s largest trading partner, a global think tank said. In its latest research brief, Oxford Economics said China’s growth slowdown would dampen economic activity across Asia-Pacific in various degrees, depending on trade linkages with the […]
Read MoreMANILA, Philippines — Retail prices of consumer goods in Metro Manila went up again in August, the Philippine Statistics Authority said. The General Retail Price Index (GRPI) in the National Capital Region in August grew at two percent, faster than the 1.8 percent rate in July. This was also faster than the 1.4 percent growth […]
Read MoreManila, philippines — The economy is showing concrete signs of recovery from the pandemic, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said. In a virtual forum yesterday, Diokno said the accelerated vaccination rollouts, granular lockdowns and the continued implementation of health safety protocols “have allowed the Philippine economy to gradually reopen and for workers […]
Read MoreMANILA, Philippines — Local pork producers have slammed the move of the Department of Agriculture (DA) to expand the distribution areas of pork imports under the minimum access volume (MAV) Plus, saying it will further hurt the local sector and not reduce the prices of pork. In a viber message, Pork Producers Federation of the […]
Read MoreShortfall widest in 4 months MANILA, Philippines — The country’s balance of payments (BOP) reverted to a deficit of $412 million in September, ending two months of surpluses, as the national government paid maturing foreign obligations. Data released by the Bangko Sentral ng Pilipinas (BSP) showed the deficit recorded last month was a complete reversal […]
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