MANILA, Philippines — The manufacturing sector further decelerated in March as it registered its softest output in seven months, the latest results of the Nikkei Philippines Manufacturing Purchasing Managers’ Index (PMI) showed. The Nikkei PMI for the Philippines fell to 51.5 in March from 51.9 in February, signaling a modest improvement to operating conditions. A PMI above 50 represents […]
Read MoreMANILA, Philippines — The World Bank Group is has lowered its growth forecast for the Philippines this year to 6.4 percent from the earlier 6.5 percent estimate due to a number of domestic and external factors such as the delay in the approval of the national budget and the impact of the El Niño weather […]
Read MoreIt is tax season again. With the annual deadline for filing income tax returns on April 15 fast approaching and amendments to the Tax Code taking effect, the changes in our tax landscape might seem like a complicated puzzle for taxpayers. Along with the changes brought about by TRAIN are updated annual income tax returns. […]
Read MoreMANILA, Philippines — The Indonesian government is easing restrictions on Philippine agricultural exports as both countries seek to strengthen bilateral relations. Agriculture Secretary Emmanuel Piñol said Indonesia has officially lifted restrictions on local fruit exports. “They already issued the certificates today, removing all the restrictions for the export of banana and other fruits because their […]
Read MoreMANILA, Philippines — Inflation may have eased further to a range of 3.1 to 3.9 percent this month due to lower prices of food items, the Bangko Sentral ng Pilipinas (BSP) said Friday. In a statement, the BSP’s Department of Economic Research (DER) said the lower end of this projection was slower than the February inflation figure of 3.8 percent. The […]
Read MoreMANILA, Philippines — Filipino consumers and local businesses turned more optimistic in the first quarter due to easing inflation, as well as the onset of the election period, which is expected to boost economic activities and spending, the Bangko Sentral ng Pilipinas (BSP) reported yesterday. Department of Economic Statistics director Redentor Paolo Alegre Jr. said […]
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