WORRIES on the Omicron variant continued to prevail over the local bourse, prompting it to slip down the 7,100 territory on Tuesday. The bellwether Philippine Stock Exchange index declined by 0.98 percent, or 70.55 points, to its intraday low of 7,167.06, while the broader All Shares dipped by 0.59 percent, or 22.71 points, to finish at 3,805.67. Japhet […]
Read MoreTHE national government’s external debt payments dragged the country’s balance of payments (BoP) into a deficit of $123 million in November, according to the Bangko Sentral ng Pilipinas (BSP). The outcome, announced on Tuesday, reversed a $1.47-billion surplus in November 2020 and erased a $1.14-billion surplus in October of this year. It was also the […]
Read MoreMANILA, Philippines — The Japan Center for Economic Research (JCER) expects the Philippine economy to be among the best performers in the region until next year, as the May 2022 polls will significantly drive spending. In its latest survey, JCER hiked its gross domestic product (GDP) growth forecast for the Philippines for both 2021 and […]
Read MoreMANILA, Philippines — Foreign currency withdrawals of the national government to pay off old debts and various expenses sent the country’s external position back into a dollar deficit in November. What’s new The country’s balance of payments (BOP) posted a $123 million deficit in November, reversing a $1.1 billion surplus recorded in October, the Bangko […]
Read MoreMANILA, Philippines — The wrath of Typhoon Odette (Rai), which flattened homes and vast swathes of land in central and southern Philippines, is expected to dampen the economy’s delicate recovery from a pandemic-led collapse, economists said. Reports tallied 208 deaths so far and losses in agriculture, businesses, and tourism projected to fall in the billions as […]
Read MoreTHE poor will be the focus of the government as the country recovers from the pandemic, Socioeconomic Planning Secretary Karl Kendrick Chua said. In a statement for the 2021 first semester poverty statistics report Friday, Chua said the government achieved four years ahead, or in 2018, the 2022 poverty goal of lifting six million Filipinos out of […]
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