MANILA, Philippines — The Philippine economy may hit some speed bumps this year with the first quarter gross domestic product (GDP) growth falling below six percent for the first time in more than three years, according to Dutch financial giant ING Bank. ING Bank senior economist Nicholas Mapa said growth is expected to hit a speed bump in the […]
Read MoreMANILA, Philippines — The Philippines remained the worst performer in terms of motor vehicle production in Southeast Asia as it was the only country which registered a decline in output in the 11 months to November last year. Data from the Asean Automotive Federation showed the Philippines assembled 74,948 motor vehicles during the first 11 […]
Read MoreMANILA: The Philippines economy is staging a comeback this year. After last year’s inflation shock, a 5% slump in the currency and a widening current-account deficit, pressure is starting to ease. Consumer-price growth slowed last month, the peso and stocks are rebounding, and the current account is set to remain manageable. Economic growth is expected to exceed […]
Read MoreMANILA, Philippines — The growth in remittances by Filipinos abroad eased in November, but remained above the lowered growth target set by the Bangko Sentral ng Pilipinas. BSP officer-in-charge Maria Almasara Cyd Tuaño-Amador said personal remittances grew by only 2.4 percent to $2.58 billion in November last year from $2.53 billion in the same month in 2017. This […]
Read MoreHANOI — The Philippines Department of Trade and Industry (DTI) has initiated a preliminary investigation on the application of safeguard measures on the import of ceramic floor and wall tiles from various countries, including Vietnam, according to the Trade Remedies Authority of Vietnam. The investigation will cover the period from 2013 to 2017. According to the DTI’s notice, the protest alleged that increased […]
Read MoreMANILA, Philippines — Local vehicle assemblers ended 2018 with a 16 percent decline in sales compared to a year ago, but are confident of seeing better performance this year. A joint report of the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and Truck Manufacturers Association Inc. (TMA) released yesterday showed total vehicle sales […]
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