MANILA, Philippines — The country’s current account (CA) deficit would continue to widen until 2021 due to strong import growth, according to Fitch Ratings. The debt watcher said the subdued export performance and generally strong import growth in 2020 and 2021 would keep the CA in a deficit of between 2.4 percent and 2.6 percent […]
Read MoreMANILA, Philippines — Central banks worldwide will be keeping a close watch on the Fed’s next move in its meeting this week, with several in the Asia Pacific region prepared to follow through with rate cuts, said foreign market intelligence firms. In its Week Ahead Economic Review issued over the weekend, market intelligence firm IHS […]
Read MoreMANILA, Philippines — The Duterte administration’s Build Build Build program generated about three million additional jobs last year, according to the Department of Finance (DOF). During a lunch meeting with lawmakers, economists and former finance chiefs last Friday, Finance Secretary Carlos Dominguez said the government would continue to accelerate the implementation of its massive infrastructure […]
Read MoreMANILA, Philippines — The Philippine property sector should withstand external headwinds that are threatening the global economy amid “strong appetite” for commercial and residential spaces in the country, property consultancy Colliers International said. In its “Trends Shaping Asian Real Estate” report released Thursday, Colliers said property developers should take advantage of the expected recovery in […]
Read MoreMANILA, Philippines — Vehicle sales dipped 2.4 percent in August from a year ago, the first time since January, due to the weak performance of the commercial vehicle (CV) segment and supply issues. In a joint report yesterday, the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and Truck Manufacturers Association (TMA) said combined […]
Read MoreMANILA has gained from the trade war between the United States and China, based on a review of export data from the first seven months of 2019 by Maybank Kim Eng analysts. Amid global trade tensions, the Philippines’ shipments to the US and China together rose by 9.2 per cent year on year in the […]
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