MANILA, Philippines — The country’s outstanding debt soared to P13.42 trillion in end-2022, with its share to the overall economy easing to 60.9 percent following a strong performance last year. However, 2023 is expected to be a true test of growth momentum for the Philippines amid global headwinds. Latest data from the Bureau of the […]
Read MoreMANILA, Philippines — Moody’s Analytics sees inflation in Asia Pacific gradually slowing down this year on the back of elevated borrowing costs and weakening global demand. In its latest Asia Pacific Chartbook titled “What Goes Up, Must Come Down,” the research arm of the Moody’s Group said that global inflation has likely peaked at the […]
Read MoreMANILA, Philippines — The national government’s outstanding debt, as a share of the economy, remained within alarming levels in 2022, keeping the threat to the country’s creditworthiness. The Philippines’ debt-to-GDP ratio, a gauge of the government’s ability to settle its liabilities, settled at 60.9% in 2022, the Department of Finance reported Thursday. This was notably a better showing than […]
Read MoreMANILA, Philippines — The country’s manufacturing sector had a good start to the year as it continued to grow, hitting a seven-month high in January due to stronger demand for goods. In a report released yesterday, international market intelligence firm S&P Global said the purchasing managers’ index (PMI) in the Philippines rose to 53.5 in […]
Read MoreMANILA, Philippines — The peso is likely to depreciate further for the third straight year in 2023, hitting the 57 to a dollar level anew, according to two global financial institutions. Divya Devesh, head of ASEAN and Southeast Asia FX Research at Standard Chartered Bank, said in a virtual press conference that the peso is […]
Read MoreMANILA, Philippines — Retail prices of goods in Metro Manila sustained its pace of growth in December from the previous month, according to the Philippine Statistics Authority (PSA). Data released by the PSA yesterday showed the year-on-year growth of the General Retail Price Index (GRPI) in the National Capital Region (NCR) remained at six percent […]
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