MANILA, Philippines — The Philippines aims to sign a free trade agreement (FTA) with South Korea in November, according to Trade Secretary Alfredo Pascual. “The feedback I got from the team that is working on this is that the target is in November this year,”Pascual told reporters when asked for an update on the FTA. […]
Read MoreMANILA, Philippines — While the country exceeded the economic development target on shelter and housing, the likelihood of meeting goals in other core indicators such as gross domestic product (GDP) growth rate, poverty incidence as well as in terms of sectors such as social protection and infrastructure are low, a Philippine Statistics Authority (PSA) report […]
Read MoreMANILA, Philippines — The country’s economic recovery remains on track despite an expected slight easing in the second quarter as higher employment and infrastructure spending are likely to provide a boost in the second half, a joint report by First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P) said. In […]
Read MoreMANILA, Philippines — The Philippines continues to make progress in addressing technical compliance deficiencies in its anti-money laundering and combating the financing of terrorism (AML/CFT) framework ahead of the deadline set by Paris-based global dirty money watchdog Financial Action Task Force (FATF). Based on the third follow-up report on the mutual evaluation of the Philippines, […]
Read MoreMANILA, Philippines — New data suggested that Buy Now Pay Later services are projected to grow in size in the Philippines by 2026 after the pandemic accelerated consumer adoption of cashless services. Financial mobile app UnaCash made the claims in their latest research, asserting that BNPL transaction volume in the country’s e-commerce ecosystem could mushroom […]
Read MoreMANILA, Philippines — The Philippines is expected to have a more challenging time in hitting its ambitious poverty reduction target as the soaring cost of commodities has resulted in a global food crisis that puts developing economies at a greater risk. In its latest food security update, the Washington-based World Bank said the still elevated […]
Read More
Thailand
