MANILA, Philippines — An economic growth of at least seven percent is possible for the Philippines this year as the new tax reform law takes effect and government’s aggressive infra spending program rolls out, top economists said yesterday. Finance Undersecretary Gil Beltran said a gross domestic product (GDP) growth of at least seven percent is […]
Read MoreMANILA, Philippines — Manufacturing conditions in the ASEAN region were weaker in December, weighed down by slow growth in output and high cost of inputs, according to the latest reading of the Nikkei ASEAN Manufacturing Purchasing Managers Index (PMI). The headline Nikkei ASEAN Manufacturing PMI for December stood at 49.9 in December from 50.8 in […]
Read MoreThe Department of Trade and Industry (DTI) is expected to order retailers today not to raise the prices of sugar-sweetened beverages until January 15 as old stocks should not be affected by the implementation of the Tax Reform for Acceleration and Inclusion Act (Train). Trade Secretary Ramon Lopez told reporters that softdrink companies are confirming […]
Read MorePhillipines-based dried fruit exporter Profood International has begun construction of a new factory in Cambodia that, when completed, should see 4,000 tonnes of mangoes dried annually, according to Philippine news outlet Sun Star. Justin Uy, Profood founder and president, told Sun Star the 11-hectare plant was expected to begin operations in 2019, and that all […]
Read MoreHeadline inflation could have eased anew in December, the Finance department said on Wednesday, given stable food prices and lower power rates. The rise in consumer prices slowed to 3.3 percent in November and the department said this likely moderated further to 3.2 percent as the year ended. The Bangko Sentral ng Pilipinas earlier issued […]
Read MoreMANILA, Philippines — The local manufacturing sector expanded at a steady but slightly slower pace in December due to a slowdown in export orders and continuing input cost pressure, according to latest data of the Nikkei Philippines Manufacturing Purchasing Managers’ Index (PMI). The latest reading of the Nikkei PMI came in at 54.2 in December, […]
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