MANILA, Philippines — The economy would have to expand by over five percent in the third and fourth quarters for the government to achieve its growth target for the year, finance officials said. In an interview with reporters, Finance Secretary Carlos Dominguez III said the economic team would stick to its gross domestic product (GDP) […]
Read MoreMANILA, Philippines — More Filipinos are still opting to keep their money in banks as deposits grew by 8.1 percent to P12.1 trillion as of end- August this year, according to the Bangko Sentral ng Pilipinas (BSP). In a report, the BSP said the banking industry’s deposit base consisted of P5.98 trillion in savings deposits, […]
Read MoreMANILA, Philippines — Most economists believe inflation in October likely remained below five percent despite elevated food prices, as well as higher oil prices and electricity costs. Security Bank chief economist Robert Dan Roces said inflation likely rose to 4.9 percent in October after slipping to 4.8 percent in September. The bank set a forecast […]
Read MoreMANILA, Philippines — The Philippines appears on its way to hurdling the most challenging part of the pandemic this year, with cases on the decline and the vaccination rate picking up pace. In a report, London-based Capital Economics said the near-term outlook for Southeast Asia has significantly improved over the past months. This is evident […]
Read MoreMANILA, Philippines — Inflation will likely remain a problem in the Philippines over the remaining months of the year and will weigh on consumer confidence that is just starting to recover from pandemic disruptions. As the global economy emerges from lockdowns, the Philippines was not spared from elevated inflation that’s also worrying many countries amid […]
Read MoreMANILA, Philippines — The Philippine economy can gain around P32 billion per week once the pandemic alert in Metro Manila and the rest of the country is eased to the lowest level. During a webinar organized by the Economic Journalists Association of the Philippines yesterday, Socioeconomic Planning Secretary Karl Chua said Metro Manila would gain […]
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