MANILA, Philippines – The country’s trade deficit narrowed by 20.5 percent in April on double-digit growth in exports to East Asia and the European Union (EU) , the National Economic and Development Authority (NEDA) said yesterday. Total trade in goods in April rose by 4.6 percent to $11.663 billion from $11.149 billion last year, data […]
Read MoreMANILA, Philippines – Filipino consumers are more optimistic, with the confidence index soaring to a record high in the second quarter, the Bangko Sentral ng Pilipinas (BSP) reported yesterday. Rosabel Guerrero, director at the BSP’s Department of Economic Statistics (DES), said results of the second quarter Consumer Expectation Survey (CES) showed the consumer confidence index […]
Read MoreMANILA, Philippines – International credit rating agency Fitch Ratings said the passage of the first package of the tax reform program shows the commitment of the Duterte administration to improve the country’s fiscal stability and support its ambitious public investment program. In a report titled “Philippine tax bill supports long-term fiscal priorities,” Fitch said the […]
Read MoreMANILA, Philippines – Inflation eased to a four-month low of 3.1 percent in May from 3.4 percent in April amid slower price adjustments in both food and non-food commodities, the Philippine Statistics Authority (PSA) reported yesterday. Bangko Sentral ng Pilipinas (BSP) Governor Amando Tetangco Jr. said the latest inflation figure was within the central bank’s […]
Read MoreMANILA, Philippines – The World Bank expects a steady economic growth for the Philippines until next year, driven by public and private investment. Based on the World Bank’s June 2017 Global Economic Prospects report, the Philippines is expected to post a steady 6.9 percent growth this year and the next, led by a pickup in […]
Read MoreMANILA, Philippines – Akamai, a leading content delivery network services provider for media and software delivery, and cloud security solution, recently came out with its State of the Internet Q1 2017 Report. According to Akamai, the Philippines, together with Thailand and China, led the Asia Pacific cluster in gains with each country enjoying a 20 […]
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