MANILA, Philippines — Barcelona-based think thank Focus Economics said the pace of the country’s economic expansion moderated as consumers have grown more cautious in the third quarter. Focus Economics said the gross domestic product (GDP) growth of the Philippines likely moderated in the third quarter. “Household spending, the main engine of growth, continues to expand […]
Read MoreMANILA, Philippines — Malacañang on Tuesday said it remains upbeat that foreign direct investments in the country will improve after a significant drop in the influx of new investments was recorded in the first six months of the year. Citing data from the Bangko Sentral ng Pilipinas, Senate Minority Leader Franklin Drilon recently flagged the 90.3 […]
Read MoreMANILA, Philippines — Higher power costs and oil prices as well as the recent wage hike would put an upward pressure on inflation in the fourth quarter, Bangko Sentral ng Pilipinas Deputy Governor Diwa Guinigundo said. “While we expect negative base effects for October to December 2017, we expect inflation to remain at where they […]
Read MoreMANILA, Philippines — The World Bank said the opening up of more economic areas to foreign participation would build up the competence of local businesses and enable the domestic economy to develop competitive industries. The government is currently working to ease restrictions on foreign ownership and participation in more areas first through the crafting of […]
Read MoreMANILA, Philippines — The Philippines is losing orders to Cambodia and Vietnam as foreign buyers start to shun away from some of the country’s export products due to its manufacturers’ non-compliance to certain social and ethical requirements. Foreign Buyers Association of the Philippines (FOBAP) chair Robert Young, in a report to the Philippine Exporters Confederation […]
Read MoreMANILA, Philippines — Bangko Sentral ng Pilipinas Governor Nestor Espenilla Jr. said the country’s economic outlook remains promising amid the meaningful reforms implemented by authorities over the past two decades. “The Philippines is recognized as one of the fastest growing and most resilient economies in the region and the world, enjoying a sweet spot of […]
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