[MANILA] There is room to ease monetary policy in the Philippines given a cooling in inflation, but the timing of any such action would depend on how the economy fares, the country’s newly-appointed central bank chief said on Friday. Bangko Sentral ng Pilipinas Governor Benjamin Diokno also said that there is an opportunity to further […]
Read MoreMANILA, Philippines — The Philippines wants to expand trade and investment ties with Malaysia by taking advantage of opportunities available in agriculture, manufacturing, technology and innovation, halal and infrastructure. “Through stronger engagements in trade and investment, we are sure to expand our bilateral trade relations and solidify even further the ties between our two countries,” Trade Secretary Ramon […]
Read MoreMANILA, Philippines — Higher volume and import cost pushed the Philippine net oil import up by nearly a third last year. The net import bill or the difference between oil imports and exports amounted to $12.12 billion in 2018, 30.9 percent higher than the year ago, data from the Department of Energy showed. According to […]
Read MoreMANILA, Philippines — The proportion of unemployed Filipinos slightly dipped in January, which also saw an improvement in the quality of available jobs after those wanting more work decreased, the Philippine Statistics Authority reported Thursday. Unemployment rate in the first month of the year stood at 5.2 percent, a tad lower than 5.3 percent recorded […]
Read MoreMANILA, Philippines — Finance Secretary Carlos Dominguez said yesterday the government would not interfere with monetary policy following the appointment of former budget secretary Benjamin Diokno as governor of the Bangko Sentral ng Pilipinas (BSP). During the 9th Business Forum of the Manila Times held in Makati City yesterday, Dominguez said there is no effort on the part of […]
Read MoreMANILA, Philippines — Manufacturing extended its drop in January, although at a more moderate pace, as declines in output were registered in most industry groups, the Philippine Statistics Authority (PSA) reported yesterday. Factory output, as measured by the Volume of Production Index (VoPI), registered a year-on-year decline as it contracted by 4.1 percent in January, extending the […]
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