MANILA, Philippines — Foreign direct investments posted modest gains in October, but roiling global headwinds could result in a smaller haul by the end of 2022. Data released by the Bangko Sentral ng Pilipinas on Wednesday showed that FDIs grew 6.3% year-on-year to $923 million in net inflows. In the first 10 months, FDI posted a […]
Read MoreMANILA, Philippines — The Philippines’ trade gap narrowed in November 2022 from the previous year as exports posted growth while imports declined, according to the Philippine Statistics Authority (PSA). Preliminary data released by the PSA yesterday showed the balance of trade in goods or the difference between the country’s exports and imports registered a $3.68 […]
Read MoreMANILA, Philippines — Remittances from overseas Filipino workers (OFWs) may expand by five percent this year, higher than the projected 3.5-percent growth last year, helping trim the country’s widening current account deficit, according to Fitch Solutions. In a report, the research arm of the Fitch Group said OFW remittances are expected to remain resilient this […]
Read MoreMANILA, Philippines — Business group Philippine Chamber of Commerce and Industry (PCCI) has a cautiously optimistic outlook for the country’s economy this year, with high food prices as an issue of concern. “Our economy will sustain a healthy pace in the first half of the new year. Although there may still be interest hikes mirroring […]
Read MoreMANILA, Philippines — The Marcos administration will borrow at least $500 million, marking its second foray in the international debt market with the issuance of dollar and green bonds amid expectations of higher amounts to be raised as interest rates start to taper. In a notice of issuance, the Philippines targets to raise at least […]
Read MoreMANILA, Philippines — The Philippines‘ debt may ease this year as the economy continues to bounce back from the impact of the COVID-19 pandemic, according to Moody’s Investors Service. In a report, the debt watcher said it believes the debt burden of the Philippines has peaked, but the scope for significant reduction is limited. “For […]
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