MANILA, Philippines — The Bureau of Customs has banned the importation of neutralized phosphogypsum in line with the government’s tightened monitoring and enforcement of rules to protect the country from the entry of hazardous materials to both human and the environment. Customs Commissioner Rey Leonardo Guerrero issued a memorandum stating that the importation of neutralized phosphogypsum is not included in the […]
Read MoreMANILA, Philippines — Domestic manufacturing conditions weakened in April as output sank to a 19-month low, according to the latest Nikkei Philippines Manufacturing Purchasing Managers’ Index (PMI). The headline PMI for the Philippines weakened from 51.5 in March to 50.9 in April, the lowest reading in nine months. This is already approaching contraction level as […]
Read MoreMANILA, Philippines — Lazada, Southeast Asia’s biggest online and shopping platform, expects its Philippine business to grow by double digit and outpace the growth of the market this year as it takes advantage of the rising demand for fashion and beauty products from the young female segment and increasing number of shoppers outside Metro Manila. “I think we […]
Read MoreMANILA, Philippines — Singapore-based ASEAN+3 Macroeconomic Research Office (AMRO) has retained its 6.4 percent growth projection for the Philippines this year on the back of buoyant domestic demand and strong credit growth amid high interest rates. Growth of the domestic economy is seen accelerating to 6.6 percent in 2020. “The economy expanded by 6.2 percent in 2018, the lowest […]
Read MoreMANILA, Philippines — Credit growth slowed for the fifth straight month in March, hitting single-digit level for the first time in more than eight years due to the decline in household loans after a series of rate hikes by the Bangko Sentral ng Pilipinas (BSP) last year to control inflation. Latest data from the BSP […]
Read MoreMANILA, Philippines — Inflation, as experienced by low-income families, softened in March on the back of slower price increments in food items, the Philippine Statistics Authority reported Tuesday. At the national level, inflation for the bottom 30% income households eased to 4.6% in March from February’s 5% and 5.8% a year ago. Year-to-date, price growth experienced […]
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