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Middle East crisis beneficial to Philippines — PEZA

MANILA, Philippines – The Philippines stands to benefit from an ongoing diplomatic crisis in the Middle East as more trade and investments are seen going toward the country, Philippine Economic Zone Authority (PEZA) director general Charito Plaza said. “The Qatar crisis is to our advantage because while they have an embargo with their neighboring countries, […]

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Philippines: Debt-to-GDP ratio improves in 2016

MANILA, Philippines – The proportion of government’s debt to gross domestic product (GDP) improved in 2016 due to debt management measures and robust economic growth during the period, the Department of Finance (DOF) reported yesterday. In a statement, the DOF said the government’s debt-to-GDP ratio in 2016 eased to 34.6 percent as compared to the […]

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Credit Suisse cuts Philippines GDP forecast to 6%

MANILA, Philippines – Credit Suisse has lowered its gross domestic product (GDP) growth forecast for the Philippines to six percent instead of 6.4 percent this year amid the projected weak private consumption and slower exports. Michael Wan, economist at Credit Suisse, said in the bank’s latest fixed income research titled “Philippines – consumer pains: Turning […]

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