MANILA, Philippines — The Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) yesterday said sales rebounded in March with an 88 percent growth from the same month a year ago. Compared to the previous month, however, vehicle sales declined by 21 percent. A joint report released yesterday showed combined sales of the CAMPI and […]
Read MoreMANILA, Philippines — With new investors still holding back, foreign firms securing funds from their headquarters early in the year provided the single bump on foreign direct investments (FDI) in January. FDI registered a net inflow of $961 million in January, up 41.5% year-on-year, the Bangko Sentral ng Pilipinas (BSP) reported Monday. A net inflow […]
Read MoreMANILA, Philippines — The country’s road to economic recovery is now getting less and less bright amid the sustained surge in COVID-19 cases, even as the government has reimposed strict lockdown measures, a global data analytics firm said. In its weekly economic preview, IHS Markit said it now expects lower gross domestic product (GDP) growth […]
Read MoreMANILA, Philippines — The Philippines is expected to double the volume of pork imports from the global market this year amid a shortfall in supply due to the African swine fever (ASF), as well as the adjustments to the country’s tariff rate system. In the latest report of the United States Department of Agriculture (USDA)-Foreign […]
Read MoreMANILA, PHILIPPINES – Media OutReach – 12 April 2021 – The Philippines has enacted a landmark law that cuts corporate income tax by as much as 10 percent and rationalizes fiscal incentives, thereby serving as the biggest stimulus for businesses in the country’s history. On March 26, President Rodrigo R. Duterte signed Republic Act No. 11534 or […]
Read MoreMANILA, Philippines — The peso may weaken further over the next two years on the back of weak domestic growth, as well as the rising US Treasury yields in the first half of the year, according to Australia-based ANZ Research. In its latest Asia economic outlook, ANZ said the local currency may depreciate to 48.90 […]
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