MANILA – Singapore lifestyle, food and consumer companies are getting a chance this week to explore the Philippine market at a pop-up event in Manila. President Halimah Yacob toured Singaporium, a lifestyle and food pop-up held by Enterprise Singapore, at The Podium Mall in Manila on Tuesday (Sept 10). The pop-up aims to help small […]
Read MoreMANILA, Philippines — The country’s rice inventory maintained its upward trend, rising by 40 percent in August, the Philippine Statistics Authority (PSA) said. Latest data from the PSA showed that total rice inventory stood at 2.13 million metric tons (MT) as of August, 40.3 percent higher than the previous year. However, this is lower by […]
Read MoreMANILA, Philippines — Credit growth is expected to pick up this year amid the continued drop in interest rates due to the inflation downtrend, according to Dutch financial giant ING Bank. Nicholas Mapa, economist at ING Bank Manila, expressed hope that the projected 75 basis points rate cut by the Bangko Sentral ng Pilipinas (BSP) […]
Read MoreMANILA, Philippines — The Philippines’ trade gap narrowed in July on falling imports and slight export growth, the country’s statistics agency reported Tuesday. Trade deficit in July stood at $3.39 billion, 15.5% lower than $4.02 shortfall recorded in the same month last year. A deficit occurs when a country’s imports exceed its exports. Merchandise exports […]
Read MoreMANILA, Philippines — Data from the Mines and Geosciences Bureau (MGB), however, showed a decline in metal prices during the period. MGB expects prices to rebound in the second semester, especially for base metals copper and nickel. “The positive outlook was motivated by expected economic growth and increased demand from China. The growing concern for […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) expects inflation to bottom out either this month or next month after easing to a 35-month low of 1.7 percent in August. BSP Deputy Governor Francisco Dakila Jr. told The STAR the latest inflation outturn is consistent with the central bank’s prevailing assessment that inflation would […]
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