MANILA, Philippines — The anticipated economic rebound in the country would finally take shape in the second quarter, but a full-year recovery would have to wait until the next administration, the investment banking arm of the Metrobank Group said. In its latest Market Call report, First Metro Investment Corp.(FMIC) and Capital Markets Research of the […]
Read More[MANILA] The Philippines’ unemployment rate remained at 8.7 per cent in January, unchanged from the last official survey in October, with more people rejoining the labour force as the country relaxed coronavirus curbs and reopened the economy. The South-east Asian nation, one of the region’s fastest growing economies before the pandemic, is grappling with a […]
Read MoreMANILA, Philippines — Global banking giant Citi raised anew its inflation forecast for the Philippines, expecting the consumer price index (CPI) to breach the two to four percent target of the Bangko Sentral ng Pilipinas (BSP). Nalin Chutchotitham, economist for the Philippines at Citi, said inflation may average 4.2 percent this year on the back […]
Read MoreMANILA, Philippines — The Department of Human Settlements and Urban Development (DHSUD) is keen on boosting housing projects in the country to help revive the local economy. DHSUD chief Eduardo del Rosario said the agency is bent on carrying out more housing projects nationwide in coordination with key shelter agencies. The country’s central housing authority […]
Read MoreMANILA, Philippines — The country’s group of retailers continued to oppose a proposal seeking to lower the required minimum investment for foreign retailers as this may imperil the viability of local micro, small and medium enterprises (MSME). In a text message, Philippine Retailers Association (PRA) vice chairman Roberto Claudio said there is no need to […]
Read MoreMANILA, Philippines — Agricultural advocacy group Tugon Kabuhayan has voiced its reservation over the government’s plan to ease import rules on fisheries products. In a virtual briefing yesterday, agricultural advocacy group Tugon Kabuhayan convenor Asis Perez said the National Economic and Development Authority’s proposal was counterproductive. Tugon Kabuhayan said logistics support for the transport of […]
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