MANILA, Philippines — The Philippines’ trade gap narrowed in October after a surprise exports growth tempered surging imports. Trade deficit, which occurs when the country’s imports bill outgrows export sales, expanded 13.5% year-on-year to $3.31 billion in October. This, however, was smaller by 31.73% compared to the previous month’s gap, data released by the Philippine […]
Read MoreMANILA, Philippines — The Philippine economy is seen continuing its growth trajectory next year although at a moderate pace and falling below government expectations amid a slowdown in the global arena. In a briefing yesterday, Sun Life Investment Management and Trust Corp. (SLIMTC) said the economy is bound to face headwinds due to global recessionary […]
Read MoreMANILA, Philippines — The Philippines is seen emerging as the fastest growing economy among member countries of the Association of Southeast Asian Nations (ASEAN) over the next two years, according to DBS Bank Ltd. of Singapore. In a report, Chua Han Teng, economist at DBS, said the Philippines is expected to book the highest gross […]
Read MoreMANILA, Philippines — The net inflow of foreign direct investments (FDIs) declined for the fourth straight month, tumbling by 7.9 percent to a two-month low of $626 million in September from $680 million a year ago amid external headwinds arising from tighter global financial conditions to fight soaring inflation. Michael Ricafort, chief economist at Rizal […]
Read MoreMANILA, Philippines — The Philippines’ trade gap narrowed in October after a surprise exports growth tempered surging imports. Trade deficit, which occurs when the country’s imports bill outgrows export sales, expanded 13.5% year-on-year to $3.31 billion in October. This, however, was smaller by 31.73% compared to the previous month’s gap, data released by the Philippine […]
Read MoreMANILA, Philippines — The peso is likely to face less choppy waters in 2023 after emerging as one of the worst performing currencies in Asia this year when the external position of the Philippines deteriorated significantly, according to ANZ Research. In its Asia FX Outlook 2023, “Ready to Rebound Even if Growth Slows,” ANZ Research […]
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