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Philippines: Economy likely grew faster in Q3 — Pernia

MANILA, Philippines — The economy likely grew faster in the third quarter on the back of strong exports, agricultural production and investments, the National Economic and Development Authority (NEDA) said yesterday. In an interview with reporters, Socioeconomic Planning Secretary Ernesto Pernia said the economy likely grew at a faster rate in the third quarter compared […]

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Jack Ma keen on pushing e-commerce in Philippines

MANILA, Philippines — Chinese business tycoon and Alibaba founder Jack Ma is keen on assisting the Philippine government in ensuring an “enabling” regulatory environment for e-commerce in the country, according to the Department of Finance. In a statement, Finance Secretary Carlos Dominguez said the DOF and the Bangko Sentral ng Pilipinas (BSP) are set to […]

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Philippines: Manufacturing posts solid growth in October

MANILA, Philippines — Strengthened demand for Filipino manufactured goods propelled the solid growth of the domestic manufacturing sector in October, the latest reading of the Nikkei Philippines Manufacturing Purchasing Managers’ Index showed. The seasonally adjusted Nikkei Philippines Manufacturing PMI registered a sharp increase in October to 53.7 from September’s 50.8. A reading above 50 indicates […]

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Philippines aims to improve ease of doing business by 2022

MANILA, Philippines — In the face of intense competition among economies in providing better business climate, the Philippines is keeping its “ambitious” target in terms of ease of doing business after its latest global ranking dropped significantly despite its improved score. In the World Bank Group’s Doing Business 2018 report, the Philippines’ ranking plunged 14 […]

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Cumbersome’ business procedures drag Philippines’ ranking in ease of doing business

MANILA, Philippines — The Philippines’ “cumbersome” business regulatory structures dragged the country below the first 100 economies tracked by World Bank Group’s annual ease of doing business report. This is despite the government’s expectations of modest improvements in this year’s report, which reviews regulations that enhance business activity and those that constrain it among economies […]

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