MANILA, Philippines — The country’s economic growth may exceed the target set by the government for this year, given its latest performance and expectations of strong growth in the last quarter of the year, the National Economic and Development Authority (NEDA) said. In a briefing yesterday, NEDA Secretary Arsenio Balisacan said the country’s average gross […]
Read MoreMANILA, Philippines — The Philippines dug itself into a deeper dollar deficit in November as foreign currency swings sent the national government’s debt payments in pricey territory. The country’s balance of payments (BOP) amounted to a deficit of $756 million in November, wider compared with the $123 million deficit a year ago, the Bangko Sentral […]
Read MoreMANILA, Philippines — Inflation may remain elevated next year, staying well above the two to four percent target set by the Bangko Sentral ng Pilipinas (BSP), according to New York-based think tank Global Source Partners Inc. In a report, former finance undersecretary Romeo Bernardo, country analyst at GlobalSource, said that inflation may remain elevated at […]
Read MoreMANILA, Philippines — The government is bent on meeting this year’s infrastructure spending program even as expenses remain below target as of end-September. Department of Budget and Management (DBM) Secretary Amenah Pangandaman has indicated that infrastructure spending will be achieved despite the slowdown in the first half of the year due to the national elections. […]
Read MorePork, corn, rice, coal MANILA, Philippines — The National Economic and Development Authority (NEDA) is pushing for the extension of the reduced tariffs for pork, corn, rice and coal, at least for another year, as prices remain elevated. Socioeconomic Secretary Arsenio Balisacan said during the Saturday News Forum that the NEDA Board has endorsed the […]
Read MoreMANILA, Philippines — The gross domestic product (GDP) growth of the Philippines will significantly slow to five percent next year from the projected 7.2 percent this year as tailwinds supporting the post-pandemic recovery have matured, ANZ Research said. “Factors that supported the rebound in domestic demand have reached their point of maximum strength and should […]
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