THE Philippines’ economic growth is expected to further slow and remain below government target this year due to global economic uncertainties coupled with sluggish investment prospects in the domestic front. In a January 24 report titled Philippine Economy Unlikely To Gather Steam In 2019, Fitch Solutions said expected the country’s gross domestic product (GDP) to […]
Read MoreMANILA, Philippines — The planned liberalization of the sugar industry is a direct contradiction of the government’s thrust toward food security, sugar producers claimed as they gear up for a major opposition against the move. The Confederation of Sugar Producers Association (CONFED) said stakeholders and some government leaders are now mobilizing to oppose Budget chief […]
Read MoreMANILA: The Philippines’ economic growth which weakened to a three-year low in 2018 will rebound this year, boosted by spending for the May mid-term elections and helped by moderating prices, the nation’s chief economist said. “With the declining inflation, domestic demand will strengthen,” Economic Planning Secretary Ernesto Pernia said in an interview in his office […]
Read MoreGDP growth slows to 6.2% The Philippine economy grew at a slower pace in 2018, failing to hit the government’s target but still among the fastest in Asia, the National Economic and Development Authority (NEDA) reported yesterday. In the fourth quarter of 2018, gross domestic product (GDP) growth registered at 6.1 percent, weaker than the […]
Read MoreLast Tuesday I had the opportunity to hear the views of the top executives of some of the country’s leading tech disruptors on the current state of our preparedness to take full advantage of the benefits of the digital economy. This was a follow-up of the conference recently organized by the Carlos P. Romulo Foundation […]
Read MoreIndonesia’s Go-Jek is in talks with Philippine authorities to get its ride-hailing service application reconsidered, after it was rejected this month by regulators, and hopes to be in the market soon, co-founder Kevin Aluwi said on Thursday. The startup, whose backers include Alphabet Inc’s Google, suffered a setback to its regional expansion plans when its application to […]
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