MANILA, Philippines — The inflation slowdown last month is temporary as prices will likely pick up pace again and remain elevated until the middle of next year, a foreign think tank said. In its latest economic monitor, UK-based Pantheon Macroeconomics said the surprise easing to 4.8 percent in September inflation is likely just a blip […]
Read MoreThe economy should improve further in the final quarter of this year thanks to government support measures and September’s relaxation of coronavirus curbs to spur activity, a deputy prime minister said on Thursday. The government will ensure the supply of Covid-19 vaccines is boosted to support the recovery, said Supattanapong Punmeechaow, deputy prime minister in […]
Read MoreThe shopping season during the year-end festivals could lead to higher consumer spending, which in turn serves as a driving force for growth in the remainder of the year. Total revenues from retail sales and services in 2021 are set to rise by 3-4% against last year, lower than the original target of 8%, according […]
Read MoreEconomic growth in the ASEAN +3 region, will be lower than forecast earlier this year, according to AMRO. It says the grouping, which includes the 10 ASEAN members plus China, Japan and South Korea will see an average 6.1 percent growth this year, down from its March forecast of 6.7 percent. The ASEAN+3 Macroeconomic Research […]
Read MoreFour associations related to meetings, incentives, conventions and exhibitions (Mice) submitted a proposal on Wednesday to Prime Minister Prayut Chan-o-cha asking the government to further relax measures for the industry and allow their businesses to resume by Oct 15. “The associations hope the government will help further relax restrictions and allow Mice operators to resume […]
Read MoreMANILA, Philippines — Local factory output extended their growth streak in August, posting triple-digit expansion even as Metro Manila stayed in hard lockdown that month. What’s new The Philippine Statistic Authority’s monthly survey of industries reported that the volume of production index (VoPI), advanced 534.6% year-on-year in August, slightly slower than 537.9% in July. This […]
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