MANILA, Philippines — Prices of goods and services in the country accelerated faster than government expectations last year despite clocking in 2021’s lowest inflation rate in December, the Philippine Statistics Authority (PSA) said. Headline inflation, or the rate of increase in the consumer price index, slid to 3.6 percent in December from 4.2 percent in […]
Read MoreMANILA, Philippines — The Joint Foreign Chambers of the Philippines (JFC) welcomed the government’s move to lift the ban on open-pit mining, saying it would allow the industry to contribute to the growth of the economy. “The DENR decision will enable the metallic mining industry to contribute substantially to the longer-term growth of the Philippine […]
Read MoreTHE Philippine peso (PHP) had its best day in a week as a result of international and domestic factors, returning to the P50 to a US dollar (USD) region on Wednesday. The local currency appreciated by 34 centavos from the previous day’s close of P51.30 to $51:$1. It hasn’t been this strong since December 28, when it […]
Read MoreMANILA, Philippines — Inflation eased in December, due in part to the slower increase in prices of key consumer items, and fell back to the national government’s target. Inflation, as measured in the consumer price index, picked up 3.6% year-on-year in December, the Philippine Statistics Authority reported Wednesday. This was slower than the 4.2% clip recorded […]
Read MoreMANILA, Philippines — The economy likely expanded by more than seven percent in the fourth quarter of 2021, according to the Bangko Sentral ng Pilipinas. BSP Governor Benjamin Diokno said the country’s gross domestic product (GDP) likely grew by 7.6 percent in the fourth quarter of 2021. “Fourth quarter growth will be above seven percent. […]
Read MoreMANILA, Philippines — The Philippines wants more foreign investments in the construction and information technology-business process management (IT-BPM) sectors which are poised for continued growth, the Department of Trade and Industry (DTI) said. In a statement, the DTI’s export promotions arm Center for International Trade Expositions and Missions said developments in the construction and IT-BPM […]
Read More
Thailand
