MANILA, Philippines – The Philippines needs to forge more free trade agreements (FTAs) with other countries if it wants to sustain the manufacturing sector’s growth, the Department of Trade and Industry said. In a briefing Tuesday, DTI Assistant Secretary Rafaelita Aldaba said forging FTAs with more countries is an important strategic action needed to ensure […]
Read MoreMANILA: The International Trade and Industry Ministry (Miti) has urged Malaysian corporations to explore new business avenues and collaborations with partners in the Philippines, a country currently undergoing rapid growth transformation. During a working visit to Manila, International Trade and Industry Minister Datuk Seri Mustapa Mohamed said the Malaysia-Philippines Business Council (MPBC) was revived in […]
Read MoreMANILA, Philippines – Consumer prices grew at their fastest pace in more than two years in February, but still within the range the Bangko Sentral ng Pilipinas had expected. The Philippine Statistics Agency (PSA) reported yesterday that annual inflation stood at 3.3 percent in February, faster than the 2.7 percent reading in January. BSP Governor […]
Read More[MANILA] Consumer inflation in the Philippines likely quickened to the highest in 27 months in February, mainly due to increases in energy prices and transport fares, but is unlikely to prompt any rate increases from the central bank, a Reuters poll showed. The median forecast in a poll of 11 economists was for the consumer […]
Read MoreMANILA, Philippines – President Duterte made it clear from the very start: he is going to eradicate corruption, crime and criminality in his six years in office. But while he wages a bloody war against suspected drug criminals, other “criminals” are having a grand time doing illegal activities. Such is the case with fuel smugglers, […]
Read MoreMANILA, Philippines – The government incurred a budget deficit of P353.4 billion in 2016, widening by almost three-fold, or 190 percent, from the P121.7 billion shortfall recorded in 2015 amid the Duterte administrations efforts to ramp up public spending on infrastructure, the Bureau of the Treasury reported yesterday. “The outturns reflect strong expenditure growth of […]
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