MANILA, Philippines – Debt watchers Fitch Ratings and S&P Global Ratings raised the Philippines’ gross domestic product growth forecast over the next two years after a stronger-than-expected performance last year. Fitch expects the economy to sustain its strong growth momentum, raising the GDP growth forecast to 6.8 percent and 6.7 percent in 2017 and 2018, […]
Read MoreMANILA, Philippines – Revenues from the proposed imposition of a 35 percent tariff on rice imports upon expiration of the quantitative restriction (QR) – seen to reach between P27 billion and P28 billion within the current administration – is sufficient to provide for safety net measures for farmers who would be affected by increased importation, […]
Read MoreMANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) sees inflation rising closer to the upper end of the two to four percent target until the third quarter due to elevated oil and food prices. BSP Governor Amando Tetangco Jr. said in his speech during the economic briefing 2017 and general membership meeting of the […]
Read MoreMANILA, Philippines – Business executives in the country remain highly optimistic in their outlook on the Philippine economy despite anticipation of higher inflation and interest rates this year coupled with a critical outlook on trade, a survey conducted by the Makati Business Club (MBC) showed. MBC’s First Semester Executive Outlook Survey for 2017, released yesterday, […]
Read MoreMANILA, Philippines – The Board of Investments (BOI) expects strong growth in its investment approvals for the first quarter of the year given the influx of project proposals from Chinese and Japanese firms. Trade and Industry Secretary and BOI chair Ramon Lopez said the investment commitments approved by the agency are likely to post a […]
Read MoreMANILA, Philippines – Business executives in the country remain highly optimistic in their outlook on the Philippine economy despite anticipation of higher inflation and interest rates this year coupled with a critical outlook on trade, a survey conducted by the Makati Business Club (MBC) showed. MBC’s First Semester Executive Outlook Survey for 2017, released yesterday, […]
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