MANILA, Philippines — The Philippine economy likely posted a much slower growth rate in the fourth quarter of 2022 after posting above-seven percent growth in the first three quarters of last year, according to United Kingdom-based think tank Pantheon Macroeconomics. “Growth likely fell to 4.6 percent year-over-year, after five straight quarters of seven percent prints […]
Read MoreMANILA, Philippines — The Philippine economy is expected to grow at a slower pace of six percent this year amid risks such as slower global growth, high inflation and rising interest rates. During a briefing by First Metro Investment Corp. (FMIC), University of Asia and Pacific (UA&P) economist Victor Abola said the economy is expected […]
Read MoreMANILA, Philippines — Filipino families who called themselves poor rose slightly to 51% from 49% in December 2022, according to a Social Weather Stations survey released Thursday, as inflation accelerated to its fastest pace in 14 years that month. According to the private pollster, the number of poor families climbed to 12.9 million from October 2022, representing an […]
Read MoreMANILA, Philippines — The Philippine economy is projected to post slower growth this year as global demand weakens, but the expected growth will be among the fastest in the region, according to the World Bank. “After the strong rebound in 2022, growth in Malaysia, Philippines and Vietnam is expected to moderate as the growth of […]
Read MoreMANILA, Philippines — The net inflow of foreign direct investments (FDIs) climbed by 6.3 percent to hit a six-month high of $923 million in October last year from $868 million in the same month in 2021, according to the Bangko Sentral ng Pilipinas (BSP). However, despite the uptick in October last year, the 10-month tally […]
Read MoreMANILA, Philippines — Vehicle sales surpassed the industry’s target for 2022, selling a total of 352,596 units or an increase of 31 percent from the previous year. For December alone, vehicle sales increased by 33.8 percent to 37,259 units based on latest data from the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and […]
Read More
Thailand
