MANILA, Philippines — The domestic economy expanded at a better-than-expected pace of 6.9 percent in the third quarter, likely the second fastest in Asia during the period, the National Economic and Development Authority (NEDA) said yesterday. Growth in gross domestic product (GDP) – the total value of goods and services produced during the period – […]
Read MoreMANILA, Philippines — Tycoon Manuel V. Pangilinan rallied businessmen in the 10-member Association of Southeast Asian Nations (ASEAN) to invest in digital technology, saying this is necessary for the economic bloc to fully evolve. Leading the panel on entrepreneurship in the digital economy during ASEAN Business & Investment Summit Tuesday, Pangilinan said it is important […]
Read More[MANILA] The Philippine economy grew by a faster-than-expected 6.9 per cent in the third quarter from a year earlier, supported by strong industrial output and services, the statistics agency said on Thursday. Economists in a Reuters poll had forecast annual growth of 6.5 per cent in the July-September period, compared with the second quarter’s upwardly […]
Read MoreMANILA, Philippines — Remittances from Filipinos abroad declined to a five-month low in September due to the repatriation of undocumented Filipino workers in Saudi Arabia as well as the decision of global correspondent banks to shut down more money service facilities. The Bangko Sentral ng Pilipinas (BSP) reported yesterday personal remittances contracted seven percent to […]
Read MoreMANILA, Philippines — The country’s agriculture sector grew by only 2.32 percent in the third quarter, slower than the three percent growth recorded in the same period last year. In the nine months ending September, the sector saw an increase of 4.64 percent, based on the latest report by the Philippine Statistics Authority. The 2.32 […]
Read MoreMANILA, Philippines — The Philippines has moved up to the upper half of the 10-country Association Southeast Asian Nations (ASEAN) in attracting foreign direct investments (FDI) after settling at the bottom half and in the middle of the pack the previous years. The country emerged the fourth largest recipient of FDIs in the region in […]
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