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Philippines posts biggest trade gap in June

MANILA, Philippines — The country’s trade gap widened to a record $5.84 billion in June, as imports continued to grow beyond exports, according to the Philippine Statistics Authority (PSA). Preliminary data from the PSA showed the balance of trade or difference between the country’s exports and imports reached $5.84 billion in June, 75.4 percent higher […]

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Philippines: Debt-to-GDP ratio declines to 62% in H1

MANILA, Philippines — The share of national debt to the country’s output declined to 62.1 percent in the second quarter, but the downward trend may not be sustained if the government does not ramp up its revenue generation. Data from the Bureau of the Treasury showed the country’s debt level, when measured against the gross […]

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Philippines: Economic growth slows in 2nd quarter

MANILA, Philippines — The Philippine economy expanded at a slower pace in the second quarter, but the government is still confident the growth target for the year can still be achieved. According to the Philippine Statistics Authority (PSA), the economy as measured by the gross domestic product (GDP) grew by 7.4 percent in the second […]

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Philippines: Manufacturing output continued to rise in June

MANILA, Philippines — The country’s manufacturing output rose in June from the previous month,with 13 industry groups posting increases, the Philippine Statistics Authority (PSA) said. Data released by the PSA yesterday showed the country’s factory output as measured by the Volume of Production Index (VoPI) expanded at an annual rate of 2.4 percent in June, […]

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Philippine economy slows in Q2 as inflation crimps consumption

MANILA, Philippines — The Philippine economy expanded at a slower pace in the second quarter, as painfully high inflation hit the economy where it hurts the most: consumer spending. Gross domestic product (GDP) grew 7.4% year-on-year in the April-June period, the Philippine Statistics Authority reported Tuesday. The latest reading was slower compared to the downwardly […]

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