MANILA, Philippines – Dutch financial giant ING Bank expects a slower growth of six to 6.2 percent for the Philippine economy in the first quarter due to moderate government spending and higher unemployment. Joey Cuyegkeng, senior economist at ING Bank Manila, said the investment bank’s gross domestic product (GDP) growth forecast for the first quarter […]
Read MoreMANILA, Philippines – Filipino consumers turned less optimistic in the first quarter of the year after the confidence index soared to an all-time high in the fourth quarter of 2016, the Bangko Sentral ng Pilipinas (BSP) reported yesterday. Teresita Deveza, deputy director of the BSP’s Department of Economic Statistics (DES), said Filipino consumers are less […]
Read MoreMANILA, Philippines – Thailand’s biggest agriculture company is pouring $2 billion worth of investments in the Philippine livestock sector over the next five years. Agriculture Secretary Emmanuel Piñol said Charoen Pokphand (CP) Group has pledged $2 billion to boost production of hogs and poultry for local consumption and for the export market. “The reason why […]
Read MoreMANILA (Reuters) – The Philippine economy is expected to expand between 6.5 and 7.0 percent in the first quarter or faster, the economic planning minister said yesterday, putting the government on track to meet its full-year target. The Asean economy is among the world’s fastest growing with gross domestic product expanding by 6.8 percent in […]
Read MoreMANILA, Philippines – The Philippines and Myanmar are expected to see improved agriculture and food security sectors amid efforts to strengthen the economic relations between the two countries. In a statement, Trade and Industry Secretary Ramon Lopez said President Duterte’s recent meeting with Myanmar President U Htin Kyaw and State Counsellor and Foreign Minister Daw […]
Read MoreMANILA – The Philippine central bank left its key overnight borrowing rate steady at 3.0% on Thursday, saying inflation should settle within its target for this year and next. Nine out of 10 economists in a Reuters poll predicted the central bank would stand pat on rates, following the widely expected move by the US […]
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