MANILA: The Philippine economy grew slightly faster in the fourth quarter of last year, but the pace lagged market expectations in the face of weak exports, the statistics agency said on Thursday. Annual growth in the fourth quarter was 6.1 percent, picking up slightly from the previous quarter’s downwardly revised 6.0 percent expansion but less […]
Read MoreMANILA, Philippines — While car importers ended 2018 with a 17 percent drop in sales, the group is upbeat on seeing a recovery this year. In a statement yesterday, the Association of Vehicle Importers and Distributors Inc. (AVID) said their combined sales reached 88,700 units last year, down from 106,285 units in 2017. Total sales […]
Read MoreMANILA, Philippines — The government is ready to provide assistance should a private entity decide to invest in the embattled Hanjin Heavy Industries and Construction Philippines (HHIC), the Department of Budget and Management (DBM) said yesterday. In an interview, Budget Secretary Benjamin Diokno said the government would not simply stand by while Hanjin’s issue persists, […]
Read MoreMANILA, Philippines — The Bureau of Customs will now require the conduct of post-clearance audit on importers and brokers, as well as the prior disclosure in their goods declarations in a bid to further improve its revenue collection capabilities. Customs commissioner Rey Leonardo Guerrero issued Customs Administrative Order 01-2019, dated Nov. 29, 2018, prescribing the policies and guidelines on […]
Read MoreMANILA, Philippines — Philippine economic growth likely picked up in the fourth quarter of last year after slumping in the third quarter due to higher oil and food prices, according to the economic research and analysis arm of Moody’s Corp. In a report, Katrina Ell, economist at Moody’s Analytics, said the Philippines’ gross domestic product […]
Read MoreMANILA: Easing inflation likely lifted the Philippines economy’s growth pace a little in 2018’s fourth quarter, a Reuters poll showed, giving the central bank more flexibility in managing interest rates. The median forecast from 12 economists was for gross domestic product for the December quarter to have expanded by 6.2% from a year earlier, marginally […]
Read More
Thailand
