The Philippine economy likely grew by more than 6 percent in the fourth quarter of 2021, bringing the year-to-date growth to 5.2 percent as eased quarantine restrictions pushed up household consumption, analysts polled by The Manila Times said. Projections for the period ranged from 5.3 to 7.0 percent with a 6.3-percent average, slower than the 7.1-percent expansion […]
Read MoreMANILA, Philippines — The Philippine economy is expected to have recorded a significant bounce back in the fourth quarter last year amid better mobility and increased consumption. In its latest weekly brief, Capital Economics said the country’s gross domestic product (GDP) likely grew faster at 7.3 percent in the last quarter of 2020. The government […]
Read MoreMANILA, Philippines — The government tripled its debt service to more than P81 billion in November last year, keeping up with efforts to cut the country’s outstanding obligations to within manageable levels. Based on records from the Bureau of the Treasury, the November debt payment grew three-fold to P81.24 billion from P26.79 billion a year […]
Read MoreDue to increasing interest payments and amortization costs, the national government’s debt servicing jumped in November 2021 compared to a year earlier, according to data released by the Bureau of the Treasury (BTr). Debt payments totaled P81.23 billion during the month, up 203.27 percent from P26.78 billion in November 2020. The amount of interest paid expanded by […]
Read MoreThe Joint Foreign Chambers of the Philippines (JFC) called on the Senate to ratify Philippine membership to the Regional Comprehensive Economic Partnership (RCEP) agreement before the forthcoming election campaign recess. The JFC is a coalition of the American, Australian-New Zealand, Canadian, European, Japanese and South Korean chambers and the Philippine Association of Multinational Companies Regional Headquarters Inc. “As business associations […]
Read MoreMANILA, Philippines — Banks are ramping up their campaign against the rising number of pass-through or money mule accounts, according to the Bankers Association of the Philippines (BAP). In a statement, the BAP said it is working closely with Congress to enhance cybersecurity laws in the country. The group is pushing for the passage of […]
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