MANILA, Philippines — Economic damage to the Philippines could reach up to 7.6 percent of gross domestic product by 2030 and by 13.6 percent of GDP by 2040 if no action is taken to address climate change, according to the World Bank. Souleymane Coulibaly, program leader for Equitable Growth, Finance and Institutions in the World […]
Read MoreDOMESTIC trade contracted in the second quarter even as the economy was further reopened, preliminary data released by the Philippine Statistics Authority (PSA) on Monday showed. The value of goods traded within the country fell by 17.9 percent to P190.09 billion from P231.51 a year earlier. Volume-wise, the plunge was a steeper 23.9 percent to […]
Read MoreMANILA, Philippines — The inflows of remittances and receipts from business process outsourcing (BPO) industry in the fourth quarter may help prop up the peso against the dollar, according to Finance Secretary Benjamin Diokno. During the 17th Philippine Summit hosted by The Asset, Diokno said he is banking on remittances from overseas Filipino workers (OFWs) […]
Read MoreMANILA, Philippines — Philippine manufacturers of electric vehicles want the government to slash tariffs on raw materials needed to make e-vehicles to support the industry in boosting its local production. Electric Vehicle Association of the Philippines (EVAP) president Edmund Araga yesterday asked the government to consider cutting, if not totally eliminating, the import duties imposed […]
Read MoreMANILA, Philippines — The government is keeping its growth target for next year, even as sustained increases in inflation may slow down the economy next year, the National Economic and Development Authority (NEDA) said. Socioeconomic Planning Secretary Arsenio Balisacan told reporters on the sidelines of the 48th Philippine Business Conference and Expo yesterday that the […]
Read MoreMANILA, Philippines — Filipinos planning to travel for the holiday season can expect air fares to go down next month, as airlines vow to reduce ticket prices with a lower fuel surcharge in place. Local carriers Philippine Airlines (PAL), Cebu Pacific and AirAsia Philippines yesterday said they would comply with the directive of the Civil […]
Read More
Thailand
