MANILA, Philippines — Philippine factories saw output growth in June slide to its weakest in 10 months, but an analyst expects demand for locally-made exports to pick up in the coming months., Results of a survey of around 400 companies showed the Philippines’ Purchasing Managers’ Index (PMI) — a measure of factory output — retreated […]
Read MoreMANILA, Philippines — Credit growth slowed for the second straight month and remained at single-digit level in May, reflecting the impact of the year-long tightening cycle by the Bangko Sentral ng Pilipinas (BSP) to fight inflation and stabilize the peso. Preliminary data from the BSP showed that the rise in loans disbursed by big banks […]
Read MoreVietnam remained the biggest rice provider of the Philippines in the first five months of this year with turnover of 772.4 USD million, surging 31.1% year-on-year. During January-May, the Philippines imported 1.5 million tonnes of rice from Vietnam, accounting for nearly 90% of its total imported rice, according to the Asia-Africa Market Department under the […]
Read MoreMANILA, Philippines — The investor relations (IR) country score of the Philippines improved to 47.8 from 41.4 percent, allowing the country to jump to third place in 2023 from 12th spot in 2022, according to the Bangko Sentral ng Pilipinas (BSP). The 2023 IR and Debt Transparency Report of Washington-based Institute of International Finance (IIF) showed […]
Read MoreMANILA, Philippines — Inflation likely cooled for the fifth straight month in June due to lower prices of meat and fruits as well as cheaper liquefied petroleum gas or LPG, according to the Bangko Sentral ng Pilipinas (BSP). In a statement, the BSP said inflation ranged between 5.3 and 6.1 percent in June after easing […]
Read MoreMANILA, Philippines — The government will closely monitor various state agencies that have been underspending their allocation as slow disbursements could impact economic growth this year. Finance Secretary Benjamin Diokno said the economic team would look at every department that has been slow in utilizing their budget. “This is some kind of discouraging because we […]
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