MANILA, Philippines — Foreign trade posted a huge jump in April as both imports and exports registered hefty upticks due to low base effects from last year’s strictest lockdown, with the total deficit still at manageable levels. Latest data from the Philippine Statistics Authority (PSA) showed that external trade in goods swelled by 107.5 percent […]
Read MoreMANILA, Philippines — Foreign direct investments to the Philippines posted a headline-grabbing growth in March, thanks to a huge lift from base effects that will likely fade in the next months. Fresh data from the Bangko Sentral ng Pilipinas released Thursday showed job-generating FDIs posted a net inflow of $808 million in March, up 139.5% […]
Read MoreMANILA, Philippines — Manila slipped six notches in the global ranking of livable cities as the COVID-19 pandemic strained its healthcare system, prompting the government to impose the world’s longest and strictest lockdown. Based on the Global Livability Index 2021 of UK-based The Economist Intelligence Unit (EIU), Manila ranked 109 out of 140 cities that […]
Read MoreMANILA, Philippines — The production and sales of motorcycles and scooters in the Philippines posted double-digit growth in the four months to April from a year ago, when manufacturing facilities and dealerships temporarily suspended operations as lockdowns were enforced in response to the coronavirus pandemic. Data from the Association of Southeast Asian Nations (ASEAN) Automotive […]
Read MoreMANILA, Philippines — The World Bank continued to be less bullish on economic recovery for the Philippines as it further downgraded the country’s growth forecast this year due to the resurgence of COVID-19 cases and reimposition of strict lockdowns. The Washington-based lender said even as the Philippines is poised for a rebound this year, the […]
Read MoreMANILA, Philippines — Despite a brief return to suffocating coronavirus lockdowns, trade continued its ascent in April on the back of record rise in both imports and exports, but the figures hardly reflect a convincing recovery. External trade grew 107.5% year-on-year to $14.16 billion, the Philippine Statistics Authority reported on Wednesday morning. It was better […]
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