MANILA, Philippines — The consumer price index continued to accelerate in September, rising to a five-month high of 3.4 percent from 3.1 percent in August and 2.3 percent in the same period last year due to faster increases in food prices, the Philippine Statistics Authority reported yesterday. The PSA attributed the faster increase in inflation […]
Read MoreMANILA, Philippines — The World Bank has trimmed anew its growth forecast for the Philippines to 6.6 percent this year and 6.7 percent in 2018 and 2019, citing a slower-than-expected implementation of public investment projects which stalls the growth in spending. The international financial institution in April pegged its economic growth outlook for the Philippines […]
Read MoreMANILA, Philippines — Inflation likely picked up pace in September due to higher food, fuel and electricity prices, according to the Department of Finance (DOF). Finance Undersecretary Gil Beltran said prices of goods may have risen 3.4 percent in September, up from 2.3 percent the same month last year and 3.1 percent in August 2017. […]
Read MoreMANILA, Philippines — Tourism receipts grew 14.89 percent in the first six months of the year, driven by higher tourist arrivals, the Department of Tourism (DOT) said. Based on figures released by the DOT on its website, tourism activities generated P146.3 million in total earnings in the first half, higher than the P127.37 million recorded […]
Read MoreMANILA, Philippines — The flow of remittances to the Philippines is seen to further grow by 23 percent and eclipse last year’s record, making it the third largest remittance volume worldwide this year, the World Bank said in a report. Based on the latest edition of the World Bank’s Migration and Development Brief, the Philippines […]
Read MoreMANILA, Philippines — DBS Bank Ltd. said inflation is expected to stay steady at 3.1 percent in September but still expects the Bangko Sentral ng Pilipinas (BSP) to raise interest rates in the fourth quarter. Amid the steady headline inflation, DBS economist Gundy Cahyadi said core inflation that excludes the volatile food and energy products […]
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