JUST a few banking systems in the Asia-Pacific — the Philippines not included — will benefit from China’s reopening, Moody’s Investor Service said in a report. The economies and subsequently the banks of Hong Kong, Macao, Mongolia and Thailand will gain the most, the debt watcher said, “given their close economic ties to China through […]
Read MoreMANILA, Philippines — Wholesale prices of general goods nationwide climbed at a slower pace in February from the previous month due mainly to the lower uptick in fuel prices, according to the Philippine Statistics Authority (PSA). Data from the PSA released yesterday showed the growth of the General Wholesale Price Index (GWPI) eased to 6.8 […]
Read MoreMANILA, Philippines — The Philippines saw a slower growth in meat importation in the first quarter as pork shipments dropped. Data from the Bureau of Animal Industry (BAI) showed the country imported 265.52 million kilos of meat and meat products during the three-month period. This was only 1.03-percent higher than the 262.81 million kilos shipped […]
Read MoreMANILA, Philippines — There is a need for more investments in the country to address declining exports, as these will play a crucial role in enhancing the Philippines’ capacity to produce and export more products with a higher value, according to Trade Secretary Alfredo Pasual. “Evidently, we need to diversify our export basket, and investments […]
Read MorePHILIPPINE President Ferdinand Marcos Jr’s approval ratings edged lower due to public dissatisfaction over his government’s handling of inflation, but he remains popular, an opinion poll showed on Wednesday. The Pulse Asia survey found that 78 per cent of 1,200 respondents polled in March approved of Marcos’ performance, lower than the 82 per cent he […]
Read MoreMANILA, Philippines — The inflow of foreign direct investments (FDI) contracted for the third straight month after plunging by 45.7 percent in January amid global economic uncertainties and elevated inflation. Data released by the Bangko Sentral ng Pilipinas (BSP) showed an FDI inflow of $448 million in January, lower than the $824 million booked in […]
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