MANILA, Philippines — More Filipinos ended poor in 2021 compared to three years ago after the pandemic wiped out gains in poverty reduction that took years to achieve. A survey of 165,029 families nationwide showed there were 19.99 million Filipinos living below the poverty line last year, up from 17.67 million recorded in the comparable period […]
Read MoreMANILA, Philippines — Most economists expect the Bangko Sentral ng Pilipinas (BSP) to deliver another 50-basis-point rate hike on Thursday, as monetary authorities remain committed to steer inflation back to the government’s two to four percent target range. Security Bank chief economist Robert Dan Roces said the Monetary Board is likely to raise interest rates […]
Read MoreMANILA, Philippines — More Filipinos ended poor in 2021 compared to three years ago after the pandemic wiped out gains in poverty reduction that took years to achieve. A survey of 165,029 families nationwide showed there were 19.99 million Filipinos living below the poverty line last year, up from 17.67 million recorded in the comparable period […]
Read MoreMANILA, Philippines — Japan’s Nomura has slashed its 2022 gross domestic product growth forecast for the Philippines to 6.3 percent from the original target of 6.6 percent amid the expected further GDP slowdown in the second half. Nomura’s latest growth forecast is now lower than the revised 6.5 to 7.5 percent target penned by the […]
Read MoreMANILA, Philippines — Investments approved by the Philippine Economic Zone Authority (PEZA) declined by nearly 30 percent in the first half of the year to P22.49 billion, the agency reported Friday. PEZA officer-in-charge (OIC) Tereso Panga said the investments came from 90 new and expansion projects. Panga, the agency’s deputy director general for policy and […]
Read MoreAs foreign firms pump additional equity into local units MANILA, Philippines — The net inflow of foreign direct investments (FDI) soared by 64.1 percent to $742 million in May from $452 million in the same month last year as multinational companies continued to inject more money into their affiliates in the Philippines to finance their […]
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