MANILA, Philippines — The Philippines remains interested in having a free trade agreement (FTA) with the European Union (EU) and increasing utilization of the trade preference program Generalized Scheme of Preferences Plus (GSP+) despite concerns raised by the trade bloc on the country’s human rights and workers’ welfare situation. Trade Secretary Ramon Lopez told reporters […]
Read MoreMANILA, Philippines — Sales of the country’s group of vehicle assemblers dipped 12 percent in January from a year ago as the Taal Volcano eruption forced some members to temporarily suspend operations of their plants and dealerships in South Luzon and parts of Metro Manila. Data released by the Chamber of Automotive Manufacturers of the […]
Read MoreMANILA, Philippines — Credit watcher S&P Global Ratings has also slashed its projected gross domestic product (GDP) growth for the Philippines to 6.1 percent instead of 6.2 percent as the global outbreak of the novel coronavirus disease (COVID-19) takes its toll on economies. In its latest report titled “COVID-19 will hit Asia-Pacific economies hard,” the […]
Read MoreMANILA, Philippines — Collections of the Bureau of Customs (BOC) may suffer this February due to lower shipment volumes from China as a result of the coronavirus disease 2019 (COVID-19) outbreak, according to the Department of Finance (DOF). In an interview with reporters, Finance Secretary Carlos Dominguez expressed concern over the impact of the COVID-19 […]
Read MoreMANILA, Philippines — The amount of money sent home by Filipinos abroad hit record levels last year, piling up for six consecutive months going into the Christmas holidays, despite fears of a global recession and rising geopolitical tensions, the Bangko Sentral ng Pilipinas (BSP) reported yesterday. Data released by the central bank showed personal remittances […]
Read MoreMANILA, Philippines — Fitch Solutions Macro Research is maintaining its gross domestic product (GDP) growth forecast for the Philippines for now despite the outbreak of coronavirus disease (COVID-19). The research arm of the Fitch Group has retained the projected GDP growth of the Philippines at 6.3 percent this year after hitting an eight-year low of […]
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