MANILA, Philippines – Barcelona-based think tank FocusEconomics said the country’s manufacturing sector would continue to expand close to six percent over the next two years. Massimo Bassetti, economist at FocusEconomics, said manufacturing is seen rising 5.9 percent in 2017 and 2018. “The Philippines’ manufacturing industry gained momentum in May,” he said. He cited the reports […]
Read MoreMANILA, Philippines – Government borrowings surged more than seven-fold in April from a year ago after the issuance of retail Treasury bonds (RTBs) during the month, data from the Bureau of the Treasury (BTr) showed. According to Treasury data, government debt jumped by more than 630 percent to P206.47 billion from the P28.04 billion in […]
Read MoreMANILA, Philippines – The economy likely grew close to seven percent in the second quarter due to the improving performance of the farm and exports sector, Socioeconomic Planning Secretary Ernesto Pernia said. “I think (gross domestic product growth) will be better (than the first quarter)…I think it will approach seven percent,” Pernia told reporters on […]
Read MoreSINGAPORE: Oil prices rose early on Monday as futures traders bet the market may have bottomed after a recent steep fall, even as physical markets remain bloated by oversupply, especially from a relentless rise in U.S. drilling. Brent crude futures were trading at $48.44 per barrel at 0101 GMT, up 29 cents, or 0.6, from […]
Read MoreLaos’ budgetary tensions have forced the government to cut spending in State investment projects in a move to prevent the country from being dragged further into chronic debt. Therefore some new State investment projects planned for this year might be postponed until next year following the government’s projection that the country’s revenue collection will attain […]
Read MorePHNOM PENH (Xinhua) – Cambodia exported 257,637 tonnes of milled rice in the first five months of 2017, up 10 per cent compared with the same period last year, according to the latest report on Saturday. The Southeast Asian nation exported its rice to 57 countries and regions around the world, said the report compiled […]
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