MANILA, Philippines — Economic managers have proposed to President Duterte the lowering of non-tariff barriers and loosening of restrictions on the importation of several food items in place of lowering tariffs to curb inflationary pressures, the National Economic and Development Authority (NEDA) said. Socioeconomic Planning Secretary and NEDA chief Ernesto Pernia said this was among […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) expects inflation to remain elevated at a fresh nine-year high of 5.9 percent in August on the back of higher oil, rice, and food prices due to weather disturbances as well as more expensive power rates. The central bank’s Department of Economic Research (DER) said inflation may settle at a range of […]
Read MorePresident Joko “Jokowi” Widodo welcomed the billionaire co-founder of Chinese e-commerce giant Alibaba, Jack Ma, at Bogor Palace on Saturday. The President and the billionaire held a meeting partly to discuss the Asian Games 2022, which will be held in Hangzhou, China. Hangzhou is the city where Ma lives, as well as the location of […]
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