MANILA, Philippines — The next administration should make sure that the economy expands by at least seven percent every year until 2025 to bring down the debt ratio to within manageable levels, according to the Department of Finance. DOF chief economist Gil Beltran yesterday said the economy, measured as the gross domestic product (GDP), must […]
Read MoreMANILA, Philippines — Property prices sustained their growth momentum for three straight quarters, rising by 5.6 percent in the first three months this year amid the further reopening of the economy from strict COVID-19 quarantine and lockdown protocols. The Bangko Sentral ng Pilipinas (BSP) said the Residential Real Estate Price Index (RREPI) increased to 139.6 […]
Read MoreMANILA, Philippines — Moody’s Analytics hiked the gross domestic product (GDP) growth estimate for the Philippines to above seven percent from 6.1 percent for this year after a stronger-than-expected expansion in the first quarter. The research arm of the Moody’s Group said that economies in the region continue to show resilience in the face of […]
Read MoreMANILA, Philippines — The Department of Finance (DOF) has warned that the twin troubles of surging inflation and the war in Europe will push interest rates up and disrupt foreign direct investments (FDI). DOF chief economist Gil Beltran yesterday said the next administration should brace for impact in case borrowing costs sustain their upward trend […]
Read MoreMANILA, Philippines — The peso continued its losing streak yesterday, depreciating by another 20.5 centavos to close at its weakest level in nearly 17 years, a day before the anticipated interest rate increase by the Bangko Sentral ng Pilipinas (BSP). The peso closed at 54.470 from Tuesday’s 54.265 to $1. It opened weaker at 54.30 […]
Read MoreMANILA, Philippines — The Philippines and other Asia-Pacific economies reliant on remittances must implement policy reforms and boost digitalization efforts to ensure that money sent from abroad will remain strong and resilient despite the pandemic, according to the Asian Development Bank (ADB). In its latest blog, the ADB said remittances sustained their strong pace in […]
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