MANILA, Philippines — The country’s outstanding debt nearly hit the P12-trillion mark in end-October, forcing the government to slow its borrowings to keep its financial obligations within sustainable levels. The Bureau of the Treasury reported yesterday that the debt pile grew more than 19 percent to P11.97 trillion in the past 12 months as the […]
Read MoreThe Philippine manufacturing sector continued to recover in November with demand expanding for the first time in eight months, the IHS Markit said. Results of the latest IHS Markit survey released on Wednesday showed that the Philippine manufacturing Purchasing Managers Index (PMI) rose to an eight-month high of 51.7 in November from 51 in October. “Latest PMI […]
Read MoreMANILA, Philippines — The emergence of another COVID-19 variant may result in a loss of momentum in economic recovery in many countries, including the Philippines, as plans to reopen borders to tourism have been stalled indefinitely. In its latest chart book, Capital Economics said the Omicron variant is another blow for the tourism industry that […]
Read MoreMANILA, Philippines — Inflation likely eased back to within the two to four percent target of the central bank for the first time this year, averaging 3.7 percent in November, according to Bangko Sentral ng Pilipinas Governor Benjamin Diokno. Diokno said the BSP sees inflation settling within 3.3 to 4.1 percent in November after averaging […]
Read MoreMANILA, Philippines — The Philippines maintained its position as the second fastest growing market for motor vehicle production and sales in Southeast Asia, registering double-digit hikes in the 10 months to October. Association of Southeast Asian Nations (ASEAN) Automotive Federation (AAF) data showed a total of 71,758 motor vehicles were assembled in Philippine plants in […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is pursuing digital solutions to enable offline payments as part of efforts to boost financial inclusion under the government’s Digital Payments Transformation Roadmap. During a virtual conference themed, “Building Back Better: Harnessing Digitalization Towards a Transformed Philippines” organized by the Philippine Economic Society (PES), BSP Governor […]
Read More
Thailand
