MANILA, Philippines – Barcelona-based think tank FocusEconomics said the country’s manufacturing sector would continue to expand close to six percent over the next two years. Massimo Bassetti, economist at FocusEconomics, said manufacturing is seen rising 5.9 percent in 2017 and 2018. “The Philippines’ manufacturing industry gained momentum in May,” he said. He cited the reports […]
Read MoreMANILA, Philippines – Government borrowings surged more than seven-fold in April from a year ago after the issuance of retail Treasury bonds (RTBs) during the month, data from the Bureau of the Treasury (BTr) showed. According to Treasury data, government debt jumped by more than 630 percent to P206.47 billion from the P28.04 billion in […]
Read MoreMANILA, Philippines – The economy likely grew close to seven percent in the second quarter due to the improving performance of the farm and exports sector, Socioeconomic Planning Secretary Ernesto Pernia said. “I think (gross domestic product growth) will be better (than the first quarter)…I think it will approach seven percent,” Pernia told reporters on […]
Read MoreMANILA, Philippines – BMI Research said the positive economic outlook and rising household income is likely to translate to a modest 5.4 percent growth in real consumer spending between 2017 and 2021. In its latest industry trend analysis titled “Modest growth in Philippine consumer spending,” the research arm of the Fitch Group said the projected […]
Read MoreMANILA, Philippines – The government is retaining its economic growth targets over the medium term as it expects the country’s macroeconomic fundamentals to remain stable, the inter-agency Development Budget Coordination Committee (DBCC) said Friday. Budget Secretary and DBCC chairman Benjamin Diokno said gross domestic product (GDP) growth forecast remains unchanged at 6.5 percent to 7.5 […]
Read MoreMANILA, Philippines – The Bureau of Customs (BOC) collected P39.34 billion in May, exceeding the P38.28-billion target for the month, the Department of Finance (DOF) said yesterday. Citing Customs Commissioner Nicanor Faeldon’s report to Finance Secretary Carlos Dominguez, the DOF said the bureau’s collection in May rose by 23.52 percent from the P31.85 billion recorded […]
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