MANILA, Philippines — Local factory output eked out moderate expansion in October despite growing demand as inflationary pressures continued to burden firms. A survey of around 400 manufacturers in the country found that the Philippines’ Purchasing Managers’ Index (PMI), a gauge of manufacturing output, softened to 52.6 in October from 52.9 in September, S&P Global […]
Read MoreMANILA, Philippines — Lazada Philippines is constantly investing in its operations in the country, particularly in areas such as logistics, to improve customer experience. In an interview with reporters, Lazada chief executive officer Carlos Barrera said the company is constantly making investments, citing logistics as one area of concentration to be able to serve its […]
Read MoreMANILA, Philippines — The affirmation of the Philippines’ investment grade rating by Fitch Ratings reflects a credible economic policy framework, strong economic growth and sound external finances, according to economic managers. Bangko Sentral ng Pilipinas Governor Felipe Medalla said the BSP “consistently signals to the market its unwavering commitment to use the tools at its […]
Read MoreMANILA, Philippines — A new poll showed that 11.3% of Filipino families or an estimated 2.9 million experienced “involuntary hunger” moving into the third quarter of 2022. The survey, the first of its kind conducted under the administration of President Ferdinand Marcos Jr., showed that people who reported that their family experienced hunger and did […]
Read MoreMANILA, Philippines — Rising interest rates and higher construction costs are among the headwinds in the country’s residential property market due to their potential impact on mortgage rates, according to a professional services and investment management firm. “Colliers believes that developers need to be cautious with rising interest and mortgage rates, and the potential impact […]
Read MoreMANILA, Philippines — Remittance inflows to developing Asian countries from overseas workers are expected to continue to grow this year, while deployment of migrant workers from the region disrupted by restrictions imposed due to COVID-19 is expected to return to pre-pandemic levels amid the resumption of economic activities, the Asian Development Bank (ADB) said. In […]
Read More
Thailand
