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Philippines: DA pushes for immediate rice importation

MANILA, Philippines — The Department of Agriculture (DA) is now calling for the immediate importation of the 250,000 metric tons (MT) of rice that will serve as the country’s buffer stock in time for the coming of the lean months. Agriculture Secretary Emmanuel Piñol said he is now backing the proposal of state-run National Food […]

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Philippines: Inflation unlikely to hit 4% this year

MANILA, Philippines – Inflation is not likely to reach four percent this year despite the upward pressure on consumer prices over the past few months, monetary authorities and economists said over the weekend. Bangko Sentral ng Pilipinas Governor Amando Tetangco told The STAR inflation would not hit the higher end of the central bank’s two […]

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Economic managers laud positive Philippine ratings

MANILA, Philippines – Economic managers are inspired by the positive assessment from international credit rating agencies as the government pursues major reforms under the Duterte administration. Finance Secretary Carlos Dominguez said in a statement the continued positive assessment of debt watchers on the Philippines is one more incentive for the government to “go ahead full […]

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Philippines: Manufacturing sustains growth momentum in April

MANILA, Philippines – Domestic manufacturing sustained its growth momentum in April although at a slower pace compared to March, according to the latest reading of the Nikkei Philippines Manufacturing purchasing managers’ index (PMI) Domestic factory output registered a PMI reading of 53.3 in April, slightly down from 53.8 in March but nonetheless signaling “another solid […]

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Indonesia: Kadin Signs 12 MoUs with Philippine

TEMPO.CO, Jakarta – President Joko Widodo or Jokowi with the Indonesian Chamber of Commerce and Industry (Kadin) attended the 30th ASEAN Summit held in Manila, Philippine, on April 28-30, 2017. On the sidelines of the summit, Kadin was involved in a business dialogue with local businessowners held at Conrad Hotel in Manila on Monday Morning, […]

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