MANILA, Philippines — Dutch financial giant ING Bank sees the peso maintaining its momentum and strengthening further to pierce the 47 to $1 level amid the outperformance of Asia-Pacific countries in controlling the COVID-19 pandemic. Rob Carnell, regional head of research for Asia Pacific at ING, said in a report titled “Asia: Better than all […]
Read MoreMANILA, Philippines — Investments approved by the Philippine Economic Zone Authority (PEZA) may exceed P100 billion this year with expected investments from both new and existing investors. “We might exceed more than P100 billion this year with all the positive responses of our present investors, future investors as well as incoming investors,” PEZA director general […]
Read MoreMANILA, Philippines — The Philippine economy continues to lose steam and is poised to remain in recession until 2021 amid the raging COVID-19 pandemic, according to Dutch financial giant ING Bank. In a report, ING Bank Manila senior economist Nicholas Mapa said there is little hope of a big turnaround for the Philippines in 2021 […]
Read MoreMANILA, Philippines — The Department of Agriculture is urged to resume the issuance of rice import permits so as not to disrupt the supply of Filipinos’ main staple after the consecutive typhoons wrought damage in the farm sector. The Philippine Rice Industry Stakeholders’ Movement (PRISM) has called on the DA-Bureau of Plant Industry (BPI) to […]
Read MoreMANILA, Philippines — The prevailing pandemic will give rise to a period of ultra-low interest rates to support economies as they recover from scarring caused by the crisis, according to Capital Economics. The London-based think tank said that for some countries, a combination of economic growth and low interest rates may enable recovery in the […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas sees steady inflows from foreign direct investments (FDIs) and remittances from overseas Filipino workers as the adverse impact of the global health pandemic on the country’s external accounts reached its peak during the second quarter of the year, according to the Bangko Sentral ng Pilipinas (BSP). In […]
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