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Philippines: Economic outlook for Asia-Pacific ‘stabilizing’ for first time since pandemic started — S&P

MANILA, Philippines — Economic outlook for Asia-Pacific countries, including the Philippines, is starting to “stabilize” after months of turmoil brought by the coronavirus pandemic, but uncertainty remains “unusually high” at this point, international debt watcher S&P Global Ratings said Monday.  What has changed since the outbreak began engulfing economies in the past three quarters is […]

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Philippines faces more uncertainties, says JAZA

MANILA, Philippines — The Philippines is facing more uncertainties even as economic and social reopening starts to take shape in the country, according to Ayala Corp. chairman Jaime Augusto Zobel de Ayala. He said that while emergency measures – from both the public and private sectors – helped alleviate the crisis and allowed an initial […]

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Philippines: Sin tax collections down in 9 months

MANILA, Philippines — According to preliminary data from the DOF, excise tax collections of the Bureau of Internal Revenue (BIR) and Bureau of Customs (BOC)   from the four product categories decreased to P193.7 billion from January to September compared to P211.8 billion in the same period last year. This is equivalent to 82.3 percent of […]

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Philippines: Inflation likely picked up anew

Based on poll of bank economists MANILA, Philippines — Inflation likely accelerated for the second straight month in November due to higher oil prices as well as an uptick in food prices due to the damage caused by the typhoons, according to bank economists. Ruben Carlo Asuncion, chief economist at Union Bank of the Philippines, […]

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Philippines: Domestic trade sinks 62% in Q3

MANILA, Philippines — Trading of commodities in the country suffered a steep decline in the third quarter due to the continued restrictions on mobility and weaker demand from consumers, the Philippine Statistics Authority (PSA) said. Preliminary results of the Domestic Trade Statistics in the Philippines showed that the total volume of goods traded within the […]

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