MANILA, Philippines — The government will no longer extend current price caps on pork once they expire, and would instead implement a suggested retail price (SRP) on imported pork in a bid to tame inflation. Agriculture Secretary William Dar told a press conference on Wednesday that the SRP on additional pork supply from abroad will […]
Read MoreMANILA, Philippines — Inflation unexpectedly eased in March, halting five straight months on the upswing, as prices of most food items – except meat – slowed down, but pressure remains as the rate is still above the government’s target band for the year. Headline inflation the rate of increase in the consumer price index went […]
Read MoreMANILA, Philippines — The recent spike in COVID-19 cases just made it more uncertain for the country to rebound from the pandemic when the rest of the world is slowly getting back on its feet, a global think tank said. In its latest chart book, London-based Capital Economics said the situation in the Philippines, which […]
Read MoreMANILA, Philippines — Bank lending in the Philippines is expected to recover with a growth of eight percent by the end of the year, according to Fitch Solutions Country Risk & Industry Research. Loan growth has been on the downtrend over the past three months as the banking industry remained risk averse and demand from […]
Read MoreMANILA, Philippines — Inflation likely accelerated further in March after quickening to a fresh two-year high of 4.7 percent in February, top bank economists said. Union Bank chief economist Ruben Carlo Asuncion said inflation likely hit five percent in March and may peak in May before declining for the rest of the year. He said […]
Read MoreMANILA, Philippines — Tariffs on certain goods and restrictions on foreign ownership were among the main barriers cited by US firms in doing business in the Philippines. In its 2021 National Trade Estimate report, the Office of the US Trade Representative (USTR) said concerns on intellectual property (IP) protection, as well as corruption, are likewise […]
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