MANILA, Philippines — Prices of sugar in the Philippines will remain above global levels, a Fitch unit said, adding that slow production growth will likely persist in the face of steadily rising consumption. In a research note, Fitch Solutions downwardly revised its sugar production forecast for the Philippines for this year and next to 2.1 million […]
Read MoreMANILA, Philippines — The Philippines will maintain its status of being the world’s biggest rice importer by 2020, according to the United States Department of Agriculture-Foreign Agricultural Service (USDA-FAS). The country is seen importing some 2.7 million metric tons of rice next year, higher than the 2.4 million MT imports of China. “There is an […]
Read MoreMANILA, Philippines — Automotive assemblers in the country recorded their highest monthly sales for the year in November, rising 10 percent from the same month last year, due to strong demand for both passenger cars (PC) and commercial vehicles (CVs). Data released by the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) showed combined […]
Read MoreMANILA, Philippines — The government has trimmed its economic growth target for 2019 to a range of six percent to 6.5 percent, following a periodic review of the inter-agency Development Budget Coordination Committee (DBCC) yesterday. In a press briefing, DBCC chairman and acting Budget Secretary Wendel Avisado said the country’s gross domestic product (GDP) is […]
Read MoreThe government recently released information analyzing the latest income and expenditure household surveys which show that the country’s poverty reduction program is on track and is even partly ahead of target. Poverty reduction accomplishments. In percentage reduction terms, the government has planned to reduce on an annual basis by 2.23 percentage points from the existing […]
Read MoreMANILA, Philippines — Net inflows of foreign direct investments (FDI) declined for the seventh straight month in September as investors continued to hold off their investment plans in emerging markets, including the Philippines, until global growth outlook improves, according to the Bangko Sentral ng Pilipinas (BSP). Latest data released by the BSP showed net FDI […]
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