MANILA, Philippines — The National Economic and Development Authority (NEDA) has expressed confidence in the Philippines’ growth momentum as it expects the country to grow faster than many of its peers in the region. During the bilateral meeting and business forum with Israeli Foreign Minister Eli Cohen, Israel Ambassador Ilan Fluss, and members of the […]
Read MoreMANILA, Philippines — The country’s inflation rate eased for the fourth straight month in May due to slower increases in transport and food prices, the Philippine Statistics Authority (PSA) said. National statistician Dennis Mapa, in a briefing, yesterday said that headline inflation or the rate of increase in prices of goods and services slowed down […]
Read MoreMANILA, Philippines — Economists believe the inflation downtrend will give the Bangko Sentral ng Pilipinas (BSP) more space for a longer pause that may see key policy rates on hold until next year. Aris Dacanay, economist for ASEAN at HSBC, said the further easing of inflation to a 12-month low of 6.1 percent in May […]
Read MoreMANILA, Philippines — Consumer price growth softened in May as the domestic economy swallowed the Bangko Sentral ng Pilipinas’ aggressive rate hikes, supporting the case for a longer pause in monetary action. Inflation eased 6.1% year-on-year in May, slower than the 6.6% outturn recorded in the previous month, the Philippine Statistics Authority reported Tuesday. Core […]
Read MoreMANILA, Philippines — Investments approved by the Philippine Economic Zone Authority (PEZA) soared by 154 percent to P48.03 billion in the first five months of the year, driven by a surge in investment approvals in May. In a statement yesterday, PEZA director general Tereso Panga said the amount is 153.74 percent higher than the P18.928 […]
Read MoreMANILA, Philippines — The country’s trade gap likely widened in April from the previous month, with both exports and imports expected to have posted declines, according to United Kingdom-based think tank Pantheon Macroeconomics. Pantheon Macroeconomics chief emerging Asia economist Miguel Chanco and senior Asia economist Moorthy Krshnan said in a report that the country’s trade […]
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