MANILA, Philippines — Household spending in the Philippines is gathering steam on the back of easing inflation and improving labor market — fuelling consumer optimism, a Fitch unit said Friday. In an analysis sent to reporters, Fitch Solutions said private consumption, which has traditionally been the driving force behind growth in the country, would “remain […]
Read MoreMANILA, Philippines — Philippine manufacturing conditions improved at the strongest pace during the year in July, on the back of faster growth in new orders, sales and employment, according to the latest IHS Markit Philippines Manufacturing Purchasing Managers’ Index (PMI). The headline manufacturing PMI for the country rose to 52.1 in July from 51.3 in […]
Read MoreMANILA, Philippines — The government is expected to generate P4.42 trillion in revenue by 2022, driven by incremental tax collections arising from the tax reform program, according to the latest medium-term fiscal program of the Development Budget Coordination Committee (DBCC). Based on a document obtained by reporters, government’s revenue for 2020 is programmed to increase […]
Read MoreDigitalization has been around in the country for some time and now, and we are starting to see its positive impact on the transition of brick-and-mortar businesses to innovative digital enterprises. We aim that this movement will reach more businesses in order to achieve the mission of prosperity for all. This is why in Go […]
Read MoreHow scarier can life on the internet be when a single Google search for how much a ticket to Disneyland in Hong Kong costs, for example, will result in a barrage of advertisements on the same topic in various other digital sites like Facebook or even your favorite news sites. Such is the reality of […]
Read MoreMANILA, Philippines — Credit growth eased slightly in June as bank lending to real estate activities as well as manufacturing continued to drop, according to the Bangko Sentral ng Pilipinas. BSP Governor Benjamin Diokno said the growth in bank lending slowed down to 10.5 percent in June from 10.6 percent in May. Loans disbursed by […]
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