MANILA, Philippines — The Philippines is likely to lead economic growth in Asia-Pacific in 2023, supported by pent-up demand after the strict COVID-19 quarantine and lockdown protocols, according to Moody’s Investors Service. In a report, Moody’s said the Philippines would feel the lagged effect of post-pandemic reopening as it had the longest continuous lockdown of […]
Read MoreMANILA, Philippines — Ongoing efforts by the government in the renewable energy sector have placed the Philippines in the best position to be the first nation in Southeast Asia to have offshore wind. Mark Hutchinson, Global Wind Energy Council chair for South East Asia Task Force, said the Philippines could be the first country in […]
Read MoreMANILA, Philippines — The Philippines has made gains in reducing poverty, but it is among the countries with the highest income inequality in East Asia, which the World Bank said could be addressed through policies that build resilience and promote equal access to opportunities. In its report “Overcoming Poverty and Inequality in the Philippines: Past, […]
Read MoreMANILA, Philippines — More speculative funds flowed into the Philippines than what flowed out in October, ending five straight months of net outflows amid improving global conditions, the Bangko Sentral ng Pilipinas (BSP) reported yesterday. Data released by the central bank showed that total foreign investments registered through authorized agent banks registered a net inflow […]
Read MoreMANILA, Philippines — Local feedmillers are pushing for the extension of lower tariff and the increase in allowable volume on imported corn to keep food prices in check and help the industry weather global food, feeds and fuel supply chain woes as well as rising interest rates. The Philippine Association of Feed Millers Inc. (PAFMI), […]
Read MoreMANILA, Philippines — Despite steady progress for three decades, the Philippines still struggles to close one of the widest wealth gaps in East Asia, with the country ranking 15th out of 65 countries in terms of inequality, the World Bank found in a study released Thursday. In a report entitled “Overcoming Poverty and Inequality in the Philippines: Past, Present, and Prospects […]
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