MANILA, Philippines — Earnings of Philippine banks went up by 16.7 percent to P143.12 billion in the first half from P122.67 billion in the same period last year, data from the Bangko Sentral ng Pilipinas (BSP) showed. Preliminary data showed the operating income of banks in the country rose by 4.3 percent to P471.32 billion […]
Read MoreMANILA, Philippines — A stable and predictable taxation on the tobacco industry is expected to provide consistent revenue collections for the government and stamp out the illicit trade of cigarettes, an international think tank said. In its latest economic impact report on the Philippines, Oxford Business Group (OBG) said further tobacco rate hikes may lower […]
Read MoreMANILA, Philippines — Foreign direct investments improved in May as the domestic economy slid into high gear, but warning signs point to a slowdown as global headwinds persist. What’s new Data from the Bangko Sentral ng Pilipinas released Wednesday revealed FDIs recorded a net inflow of $742 million in May, ballooning 64.1% year-on-year. A net […]
Read MoreMANILA, Philippines — The country’s trade gap widened to a record $5.84 billion in June, as imports continued to grow beyond exports, according to the Philippine Statistics Authority (PSA). Preliminary data from the PSA showed the balance of trade or difference between the country’s exports and imports reached $5.84 billion in June, 75.4 percent higher […]
Read MoreMANILA, Philippines — The share of national debt to the country’s output declined to 62.1 percent in the second quarter, but the downward trend may not be sustained if the government does not ramp up its revenue generation. Data from the Bureau of the Treasury showed the country’s debt level, when measured against the gross […]
Read MoreMANILA, Philippines — The Philippine economy expanded at a slower pace in the second quarter, but the government is still confident the growth target for the year can still be achieved. According to the Philippine Statistics Authority (PSA), the economy as measured by the gross domestic product (GDP) grew by 7.4 percent in the second […]
Read More
Thailand
