MANILA, Philippines (Updated 3:07 p.m.) — The Philippine economy expanded within the government’s target in 2017, keeping the country’s position as one of the fastest growing economies in Asia despite a slowdown in the last three months of the year, the country’s statistics agency reported Tuesday. The country’s gross domestic product — or the value of […]
Read MoreMANILA, Philippines — The Department of Finance on Tuesday said it expects the economy to grow faster in 2018 despite firming up below market expectations in the fourth quarter of 2017. The country’s gross domestic product — or the value of all finished goods and services produced in the country — grew 6.6 percent in […]
Read MoreThe Philippines retained its position as one of the world’s fastest-growing economies with growth of more than 6% for a sixth consecutive year, fuelling calls for the central bank to start raising interest rates to keep inflation under control. Gross domestic product increased 6.7% in 2017, the Philippine Statistics Authority said in Manila on Tuesday, […]
Read MoreMANILA, Philippines — Economists of private banks expect inflation to climb this year due to the implementation of the tax reform law, rising global oil prices, weakening peso and higher public spending, according to a survey by the Bangko Sentral ng Pilipinas (BSP). Based on the Private Sector Economists’ Survey of the BSP for December […]
Read MoreMANILA, Philippines — The Philippines now has a very slim chance of being stripped of its Generalized Scheme of Preferences Plus (GSP+) status with the European Union (EU) following a positive assessment which highlighted the Philippines’ progress in areas of labor rights and corruption. Trade Secretary Ramon Lopez told The STAR the outcome of the […]
Read MoreMANILA, Philippines — The country’s economy likely grew by 6.7 percent in the last quarter of 2017, according to Moody’s Analytics. In its latest Asia-Pacific Economic Preview report, the economic research and analysis arm of Moody’s said the Philippines’ gross domestic product in the last three months of the year may have expanded by 6.7 […]
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