MANILA, Philippines (Update 2, 10:09 a.m.) — The country’s headline, or total, inflation eased to 2.4% in July, National Statistician Dennis Mapa said in a press briefing Tuesday. This was lower than the 2.7% recorded in June and the lowest recorded since January 2017. “It was the same rate observed in July 2017,” Mapa said, adding inflation […]
Read MoreMANILA, Philippines — The peso is expected to remain one of the most stable currencies in the region as it emerged as the second best performing currency after the Thai baht, according to the Department of Finance (DOF). Finance Undersecretary Gil Beltran said in his latest economic bulletin the peso appreciated by 2.82 percent to […]
Read MoreInvestors may find safety in Philippine equities as trade tensions ravage most regional markets, analysts from Credit Suisse Group AG and Citigroup Inc said, citing the positive outlook for economic and earnings growth. Forecasts for economic growth exceeding 6% over the next two years, positive year-to-date earnings revisions and room to ease borrowing costs can […]
Read MoreINFLATION likely slowed further in July as food prices sustained a decline, analysts said in a poll, adding that this would give space for the central bank to resume trimming benchmark interest rates after “a prudent pause” in its June 20 policy review. Estimates of 17 analysts and a research group yielded a 2.4% median […]
Read MoreMANILA, Philippines — The country’s sugar production is expected to remain low, possibly requiring more imports for the country. An industry source privy to the matter said local sugar production is seen nowhere near recovery for the next crop year which will start next month. “Next year’s estimate is even lower than this year’s actual […]
Read MoreMANILA, Philippines — The Philippine Economic Zone Authority (PEZA) has requested anew the Office of the President (OP) to exempt nine cities in Metro Manila from the ongoing ban on new economic zones and to give ecozone developers with pending ecozone applications more time to complete their requirements. In a letter to Executive Secretary Salvador […]
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