Lowest in 13 months MANILA, Philippines — The net inflow of foreign direct investments (FDIs) plunged by 51.5 percent to a 13-month low of $471 million in June from $971 million in the same month last year due to higher repayments by multinational companies, according to the Bangko Sentral ng Pilipinas (BSP). Data released by […]
Read MoreMORE business leaders believe that the Philippine economy still needs over two years to recover from the impact of Covid-19, a new PwC Philippines and Management Association of the Philippines (MAP) of chief executive officers (CEOs) survey revealed. The PwC MAP 2022 Philippine CEO survey that follows the conference theme “The Wins of Change: Thriving in a World of In-Betweens” […]
Read MoreMANILA, Philippines — The government has already released 96.5 percent of the record P5.02-trillion 2022 national budget as of August, the Department of Budget and Management (DBM) said. In its latest report, the DBM said the government has released P4.85 trillion or 96.5 percent of this year’s budget as of end-August. This is an improvement […]
Read MoreMANILA, Philippines — DBS Bank Ltd. of Singapore raised its 2022 inflation forecast for the Philippines to 5.5 percent from the original target of five percent. In a report, DBS economist Chua Han Teng said the Philippine inflation is still in an uncomfortable zone despite the slight dip to 6.3 percent in August from 6.4 […]
Read MoreMANILA, Philippines — As meat processors push to retain the low tariff rate on imported mechanically deboned meat (MDM) of chicken and turkey, local producers said this should only be temporary and should revert back to 40 percent. Last year, Executive Order (EO) 123 was issued by then president Rodrigo Duterte, which extended the reduced […]
Read MoreMANILA, Philippines — The country’s jobless rate in July slipped to its lowest level during the pandemic as the economy continued its reopening, but the number of people looking for additional work increased, according to the Philippine Statistics Authority (PSA). In a briefing yesterday, national statistician Dennis Mapa said preliminary results of the Labor Force […]
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