MANILA, Philippines — Vehicle production in the country continues to expand, outgrowing most markets in the region last year, but remained lagging behind its peers in terms of volume. Data from the ASEAN Automotive Federation showed motor vehicle production in the Philippines accelerated 21 percent in 2017 to 141,252 units from 116,868 units in the […]
Read MoreMANILA, Philippines — Manufacturing conditions in the ASEAN region recovered slightly in December, still driven by domestic demand as export sales remain weak, according to the Nikkei ASEAN Manufacturing Purchasing Managers’ Index released yesterday. The headline ASEAN Manufacturing PMI rose to 50.2 in January from 49.9 in December, indicating recovery as a reading of below […]
Read MoreMANILA, Philippines — Filipinos’ wealth sharply grew in a span of nine years, although the Philippines ranked low compared to its neighbors in Southeast Asia, the World Bank said in a report. According to the World Bank’s The Changing Wealth of Nations 2018 report, estimated wealth per capita in the Philippines based on 2014 data […]
Read MoreTHE Philippines’ manufacturing PMI remained positive in January but the latest reading signaled a slowdown due to the impact of higher taxes on both output and new orders. Results of an IHS Markit/Nikkei survey released on Thursday showed a seasonally adjusted Purchasing Managers’ Index of 51.7 for the month, lower than December’s 54.2 and the […]
Read More“Significant developments” will be on the agenda when monetary authorities meet to discuss policy next week, the chief of the Bangko Sentral ng Pilipinas (BSP) said on Thursday. Inflation will be a primary consideration along with the first round price impact of the recently-implemented Tax Reform for Acceleration and Inclusion (Train) law, central bank Governor […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) said inflation last month could have touched the higher end of the two to four percent target as prices of petroleum products and other consumer goods went up following the implementation of the tax reform law. The central bank’s Department of Economic Research said inflation in […]
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