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Philippines: Debt-to-GDP ratio down to 41.8% in March

MANILA, Philippines –  The proportion of the country’s debt to gross domestic product (GDP) further declined to 41.87 percent as of end-March from 43.56 percent a year ago due to fiscal reforms initiated by the government, according to the Department of Finance (DOF). The latest figure was also an improvement from the 42.06 percent debt-to-GDP […]

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8 Phlilippine companies in Forbes Global 2000 top firms

MANILA, Philippines –  Eight companies from the Philippines are among the world’s best and largest public companies. This is according to this year’s Forbes Global 2000 list, a yearly ranking of companies around the world based on their sales, profit, assets and market value. The Sy family’s SM Investments Corp. tops the list of Philippine […]

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Philippines to gain from US trade sanctions on other countries

MANILA, Philippines – Potential US trade sanctions on major Asian economies are seen to significantly benefit the trade and investment relationship of the Philippines with the world’s largest economy, a trade official said. China, India, Indonesia, Japan, Malaysia, South Korea, Taiwan, Thailand and Vietnam have earlier been identified as US trade partners which had significant […]

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Philippines: Customs misses April target

MANILA, Philippines – The Bureau of Customs (BOC) recorded P32.64 billion in total collections in April, 10 percent below the P36.36 billion target for the period, preliminary data from the agency showed. Revenue for April was also slightly down from the P32.71 billion it generated in the same month last year. “Our target has been […]

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