MANILA, Philippines – The economy grew at a faster rate of 6.9 percent in the first quarter, fueled by rapidly increasing private investment and consumption, according to Moody’s Analytics. In its latest Asia Economic Preview, the economic research and analysis arm of Moody’s Corp. said the first quarter gross domestic product (GDP) growth was faster […]
Read MoreMANILA, Philippines – Foreign direct investment (FDI) inflows recorded a double-digit growth of 11 percent in the first two months on the back of sustained growth in the economy, the Bangko Sentral ng Pilipinas (BSP) reported yesterday. Net FDI inflows amounted to $1.05 billion in the first two months, $104 million higher than the $947 […]
Read MoreMANILA, Philippines — The Department of Agriculture (DA) is now calling for the immediate importation of the 250,000 metric tons (MT) of rice that will serve as the country’s buffer stock in time for the coming of the lean months. Agriculture Secretary Emmanuel Piñol said he is now backing the proposal of state-run National Food […]
Read MoreMANILA, Philippines – Inflation is not likely to reach four percent this year despite the upward pressure on consumer prices over the past few months, monetary authorities and economists said over the weekend. Bangko Sentral ng Pilipinas Governor Amando Tetangco told The STAR inflation would not hit the higher end of the central bank’s two […]
Read MoreMANILA, Philippines – Economic managers are inspired by the positive assessment from international credit rating agencies as the government pursues major reforms under the Duterte administration. Finance Secretary Carlos Dominguez said in a statement the continued positive assessment of debt watchers on the Philippines is one more incentive for the government to “go ahead full […]
Read MoreMANILA, Philippines (First published May 3 at 10:16 p.m.) — Unless the government steps in and establishes a state-owned telecommunications firm, the prospect of a third player in the industry is low, a study finds. According to Epictetus Patalinghug who, together with three other professors from the University of the Philippines, wrote the study titled […]
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