MANILA, Philippines — The Philippines still has the potential to rise as an economic powerhouse in the region in a post-COVID world, even as recovery from the pandemic remains fragile, the World Bank said. In a webinar, World Bank country director Ndiame Diop said the Philippines is likely to rebound “very solidly” this year and […]
Read MoreMANILA, Philippines — Government still borrowed less in 10 months this year, even as it jacked up its 2021 borrowing target by 16 percent from last year. Based on data from the Bureau of the Treasury, the government has borrowed P2.75 trillion from domestic and foreign lenders as of end-October, dipping six percent from P2.92 […]
Read MoreManila: IKEA has opened its biggest store in the world in the Philippines, with the new 730,000 square foot facility in Manila a cornerstone of the home-furnishings giant’s expansion plans in Asia. The opening on Thursday was feted with an event held at the store’s cafeteria attended by Philippine Trade Secretary Ramon Lopez and Foreign […]
Read MoreMANILA, Philippines — The Asian Development Bank has called on governments in Asia-Pacific to speed up progress on the tax hub to address debt problems and inequality hounding most countries. ADB said this would also improve domestic resource mobilization (DRM) or the process through which countries raise and spend their own funds to provide for […]
Read MoreMANILA, Philippines — Government bond yields in the Philippines increased in the third quarter even as rising inflation concerns and the US Federal Reserve’s looming taper diminished financial conditions. This was the case for the bond market in emerging East Asian economies as well, which grew to 3.4% in the third quarter to $21.7 trillion. In […]
Read MoreMANILA, Philippines — The Philippines is on its way to becoming the fastest growing economy in Southeast Asia next year as it continues to gradually recover from the pandemic-induced recession, Malaysian financial giant Maybank said. Chua Hak Bin, regional co-head of macro research at Maybank, Kim Eng said during the bank’s virtual Year-end Market Forum […]
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