THE Philippines’ trade deficit narrowed in July as imports dropped amid double-digit growth in exports, prompting optimism from the government about prospects for the rest of the year. “The country’s balance of trade in goods … [was]$1.65 billion in deficit in [July] 2017, lower than the $2.37 billion in July 2016,” the Philippine Statistics (PSA) […]
Read MoreTHE Philippine job market lost some momentum in July as unemployment slightly worsened from a year earlier, the Philippine Statistics Authority (PSA) reported on Tuesday. Results of the latest Labor Force Survey (LFS) put the jobless rate at 5.6 percent for the month from 5.4 percent in 2016. This translates to 2.37 million Filipinos without […]
Read MoreMANILA, Philippines — The net inflow of foreign direct investment (FDI) into the Philippines almost tripled in June, rising 183 percent to $674 million from $238 million a year ago, the Bangko Sentral ng Pilipinas reported yesterday. “In part, the increase in FDI inflows in June was largely due to the expansion in debt instruments […]
Read MoreMANILA, Philippines — For the first time this year, there were more foreign investors who flew out of the country in June than new ones and those who decided to profit more from their earnings, data from the Bangko Sentral ng Pilipinas showed. Job-generating foreign direct investments posted a net inflow of $674 million, nearly […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) said the latest inflation forecasts set by the Monetary Board are still ‘doable’ even as the consumer price index in August quickened to its fastest pace in three months. BSP officer-in-charge Diwa Guinigundo said the inflation forecasts set by the Monetary Board at the rate setting […]
Read MoreMANILA — The Philippines has suspended trade relations with North Korea to comply with a UN Security Council resolution over its repeated missile tests, Manila’s foreign minister said on Friday. The United States and other Western countries have asked the United Nations to consider tough new sanctions on North Korea after its test last week […]
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