MANILA, Philippines — The economy has to expand by around seven percent in the fourth quarter to hit the upper end of government’s revised growth forecast for the year, finance officials said. Finance Secretary Carlos Dominguez yesterday said the economy, as measured by the gross domestic product (GDP), needs to grow in the seven percent […]
Read MoreMANILA, Philippines — The Filipino youth and women endured much of job losses caused by the coronavirus pandemic in the Philippines, a new report from the Asian Development Bank revealed. As it is, the country’s workforce, where millions were left unemployed as a result of the economic downturn from the pandemic, has yet to recoup […]
Read MoreMANILA, Philippines — Prices of luxury residential spaces continued to appreciate this year despite 19 months of coronavirus lockdowns that have cooled the once hot Philippine property market, real estate brokerage firm Leechiu Property Consultants (LPC) said. For instance, land values in Ayala Alabang have reached an all-time high of P200,000 per square meter as […]
Read MoreThe Asian Development Bank (ADB) trimmed its forecast for ASEAN growth this year from 3.1 percent to 3.0 percent, with downgrades for Vietnam and Malaysia offset by improved forecasts for the Philippines, Singapore and Thailand. In a supplement to the update of its Asian Development Outlook in September, the ADB almost halved its GDP growth […]
Read MoreMANILA, Philippines — The Philippines is expected to record strong growth until next year as the economy shows “impressive resilience,” with a ramped-up vaccination drive to counter the threats of new COVID-19 variants, the Asian Development Bank (ADB) said. In its Asian Development Outlook 2021 supplement released yesterday, the Manila-based multilateral lender joined local and […]
Read MoreMANILA, Philippines — Rice imports may reach as much as 2.95 million metric tons (MT) this year, according to he Department of Agriculture (DA). Based on the DA’s latest rice supply outlook, rice imports may reach 838,000 MT in the fourth quarter of the year, with 356,000 MT forecast to arrive in December. Rice imports […]
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