MANILA, Philippines — The country’s manufacturing output rose in June from the previous month,with 13 industry groups posting increases, the Philippine Statistics Authority (PSA) said. Data released by the PSA yesterday showed the country’s factory output as measured by the Volume of Production Index (VoPI) expanded at an annual rate of 2.4 percent in June, […]
Read MoreMANILA, Philippines — The Philippine economy expanded at a slower pace in the second quarter, as painfully high inflation hit the economy where it hurts the most: consumer spending. Gross domestic product (GDP) grew 7.4% year-on-year in the April-June period, the Philippine Statistics Authority reported Tuesday. The latest reading was slower compared to the downwardly […]
Read MoreMANILA, Philippines — Filipinos are in search of more earnings as elevated commodity prices continue to bite, with older people also trying to get into the labor market to secure extra income. Latest data from the Philippine Statistics Authority showed that the number of jobless Filipinos slightly increased to 2.99 million in June from 2.93 […]
Read MoreMANILA, Philippines — Inflation is likely to lose steam in the fourth quarter of the year as global oil prices ease and the consumer price index (CPI) for housing, water, electricity, gas and other fuels decline, according to Moody’s Analytics. The research arm of the Moody’s Group said that the Philippines and other countries in […]
Read MoreTHE former governor of the Bangko Sentral ng Pilipinas (BSP) sees three “storm clouds” that can affect the economy in the Philippines. Amando Tetangco Jr., former BSP governor, identified them as rising debt across countries, surging global inflation and policy normalization in advanced economies. “There is dangerous trend of increased debt is present domestically and internationally. […]
Read MoreMANILA, Philippines — The economy likely sustained the strong growth in the second quarter amid the further reopening of the economy from strict COVID-19 quarantine and lockdown protocols, according to economists. ING Bank senior economist Nicholas Mapa said the country’s gross domestic product (GDP) growth accelerated to 8.8 percent in the second quarter. “Solid household […]
Read More
Thailand
