MANILA, Philippines — Economists see inflation easing below two percent within the third quarter, giving the Bangko Sentral ng Pilipinas (BSP) more room to ease the country’s monetary policy stance to boost the slowing economy. Chidu Narayanan, economist for Asia at Standard Chartered Bank, said inflation is expected to further drop below two percent in […]
Read MoreMANILA, Philippines — The Board of Investments (BOI) yesterday pushed anew for a longer transition period and the payment of higher tax on gross income earned (GIE) of eight percent under the proposed second package of the government’s tax reform, as it maintained incentives given to investors provide benefits in terms of jobs, greater domestic […]
Read MoreMANILA, Philippines — Economic growth shifted to an even lower gear in the second quarter, falling way short of forecasts, due to the spillover effects of the budget delay and the election ban on infrastructure projects, the national data agency said yesterday. The Philippine Statistics Authority said the domestic economy, as measured by gross domestic […]
Read MoreMANILA, Philippines — The Philippine economy grew slower than expected in the second quarter of the year amid a sluggish rebound in state spending after the late approval of the 2019 budget, the country’s statistics agency reported Thursday. Gross domestic product — the value of all finished goods and services produced in the country — expanded […]
Read MoreMANILA, Philippines — The country’s agricultural sector reported a 1.27 percent drop in production in the second quarter, mainly due to a decline in the output of the crops sub-sector. For the first semester, the farm sector declined 0.24 percent, a reversal of the 0.63 percent growth recorded in the same period last year. Crops, […]
Read MoreMANILA, Philippines — The country’s trade deficit narrowed to $2.47 billion in June as exports continued to grow while imports declined further, the Philippine Statistics Authority (PSA) said yesterday. The trade gap last June was lower than the $3.55 billion deficit registered in June 2018. Total external trade in goods in June amounted to $14.49 […]
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