MANILA, Philippines (11:40 a.m.) — The Philippine economy recorded a 6.2% growth in the third quarter of 2019, the government announced Thursday. The country’s gross domestic product is higher than the 5.5% growth in the second quarter this year, the Philippine Statistics Authority said. According to the PSA, net primary income from the rest of the world grew by […]
Read MoreMANILA, Philippines — The share of the consolidated general government (GG) debt to gross domestic product (GDP) rose to 38 percent in the first quarter from 36 percent as of end-2018, the Department of Finance (DOF) reported yesterday. According to data from the DOF, general government debt as of end-March amounted to P6.7 trillion, 7.1 […]
Read MoreMANILA, Philippines (11:40 a.m.) — The Philippine economy recorded a 6.2% growth in the third quarter of 2019, the government announced Thursday. The country’s gross domestic product is higher than the 5.5% growth in the second quarter this year, the Philippine Statistics Authority said. According to the PSA, net primary income from the rest of the world grew by […]
Read MoreMANILA,Philippines — The rise in the prices of basic goods slowed for the fifth straight month in October, falling to its lowest level in three-and-a-half years, as food and transportation costs continued to decline, the Philippine Statistics Authority (PSA) reported yesterday. Inflation the measure of the increase in the consumer price index – cooled down […]
Read MoreMANILA,Philippines — Manufacturing output declined in September as eight major industries registered declines in output during the period, the Philippine Statistics Authority (PSA) reported yesterday. Factory output, as measured by the Volume of Production Index (VoPI), declined by three percent in September, reversing the 1.3 percent growth in September 2018. PSA attributed the decline to […]
Read More[HONG KONG] Money transfer company TransferWise has begun processing international payments into Asian digital wallets in a move that its CEO says reflects their growing use as an alternative bank account. E-wallets, which allow users to make cash transfers using their mobile phones, are widely used in many Asian markets. TransferWise’s move in the Philippines […]
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