MANILA, Philippines — The Philippine Economic Zone Authority (PEZA) is ramping up efforts to transform idle lands into special economic zones that are expected to drive economic development in communities. “Our target is at least two ecozone per municipality or city nationwide. So we are going around inviting local government units (LGUs) and landowners, including […]
Read MoreMANILA, Philippines — The Philippines is the best country to invest in in 2018, according to a survey of more than 6,000 business decision makers, as it is expected to continue receiving foreign direct investments from powerhouse countries in the region such as China. According to the US News & World Report, the Philippines has […]
Read MoreInflation likely accelerated further in February and could prompt a hike in key interest rates this month, analysts polled by The Manila Times said. Forecasts for the month ranged from 3.8-4.5 percent with a 4.1 percent average, higher than the 4.0 percent recorded in January. The Bangko Sentral ng Pilipinas (BSP) also expects an increase […]
Read MoreMANILA, Philippines — Domestic manufacturing activities continued to slow in February, weighed down by higher excise taxes imposed at the start of the year, results of the Nikkei Philippines Manufacturing Purchasing Managers’ Index (PMI) survey released yesterday showed. The headline PMI registered a reading of 50.8 in February, the second lowest mark since the survey […]
Read MoreMANILA, Philippines — The Philippines is no longer the “sick man” of Asia having experienced rapid economic growth over the past six years, but the country needs to boost the competitiveness of the export sector, according to British banking giant HSBC. In a research note, HSBC economist Noelan Arbis said the Philippines has outperformed its […]
Read MoreMANILA, Philippines — The Duterte administration’s new tax law continued to weigh on the country’s manufacturing sector, which further slowed down in February, according to monthly tracking done by IHS Markit for Nikkei, Inc. The seasonally adjusted Nikkei Philippines Manufacturing Purchasing Managers’ Index (PMI) slipped to 50.8 last month from 51.7 in January. A reading […]
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