MANILA, Philippines — Net inflows of foreign direct investments (FDI) slipped for the second straight month in April, but the Bangko Sentral ng Pilipnas (BSP) is confident of a strong recovery in the coming months to meet the new lower target of $9 billion for this year. The BSP reported yesterday net FDI inflows declined […]
Read MoreMANILA, Philippines — Wholesale prices of building materials continued to rise in June as faster markups were seen in most construction materials, the Philippine Statistics Authority (PSA) said. The Construction Materials Wholesale Price Index (CMWPI) in the National Capital Region (NCR), which is used as a reference in the costing of government projects, grew at […]
Read MoreMANILA, Philippines — The Philippines’ trade deficit narrowed in May as exports were flat while imports worsened, the country’s statistics agency reported Wednesday, with one analyst saying the improvement in the nation’s trade imbalance is “likely temporary.” The country’s trade gap decreased to $3.28 billion in May, narrower than $3.47 billion deficit in April and […]
Read MoreMANILA, Philippines — The Philippines continues to draw interest from international tourists as foreign arrivals nearly hit the 3.5 million mark in the first five months of the year. In a statement, the Department of Tourism (DOT) said that foreign arrivals grew 9.76 percent to 3.49 million arrivals from 3.18 million arrivals in the same […]
Read MoreMANILA, Philippines — Public sector loans approved by the Bangko Sentral ng Pilipinas (BSP) more than doubled to $7.35 billion last year from $3.48 billion in 2017 amid the government’s massive infrastructure build up. According to a report released by the central bank, the public sector loans approved by the BSP increased by $3.87 billion […]
Read MoreMANILA, Philippines — The economy can be expected to grow between six percent and 6.5 percent this year as fundamentals remains strong and the government’s catch-up plan for spending on infrastructure and programs is expected to deliver, First Metro Investment Corp. (FMIC) said. During its mid-year briefing on the economy and capital markets yesterday, the […]
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