MANILA, Philippines — The country’s outstanding debt jumped to its highest level of P13.7 trillion in January, largely due to the government’s global bond issuance, with further increases expected amid high interest rates globally. Data from the Bureau of the Treasury showed that the national debt settled at P13.7 trillion as of end-January, rising by […]
Read MoreMANILA, Philippines — The value of the country’s metallic mineral production rose by nearly a third last year on the back of higher nickel prices and robust metal output, supported by government policies. Latest data from the Mines and Geosciences Bureau (MGB) showed metal production increased by 31.73 percent to 238.05 billion last year from […]
Read MoreMANILA, Philippines (Updated 10:46 a.m.) — Inflation unexpectedly eased in February, bringing good news for policymakers that have been struggling to control soaring prices that have forced millions of Filipinos to tighten their belts. Inflation, as measured by the consumer price index, quickened to 8.6% year-on-year last month, the Philippine Statistics Authority reported Tuesday. This was slower than the […]
Read MoreMANILA, Philippines — Demand for the government’s short-term securities declined for the sixth consecutive week amid signals of continued rate hikes from the Bangko Sentral ng Pilipinas (BSP) as inflation remains stubbornly high. The Bureau of the Treasury yesterday made a partial award of P9.71 billion in T-bills, short of the P15 billion target. This […]
Read MoreMANILA, Philippines — The Department of Trade and Industry (DTI) vows to strengthen export promotion efforts by enabling micro, small and medium enterprises (MSMEs) to develop world-class products and implement other initiatives to showcase locally made products to the global market. In a statement, the DTI said its export promotion arm – the Center for […]
Read MoreMANILA, Philippines — The Semiconductor and Electronics Industries in the Philippines Foundation Inc. (SEIPI) expects the country’s electronic exports to grow at a slower pace of five percent this year compared to last year’s due to an anticipated weakening of global demand. SEIPI president Dan Lachica said in a Viber message, “five percent is the […]
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