Philippines lifts nine-year-old moratorium on new mining projects

MANILA - Philippine President Rodrigo Duterte has lifted a moratorium on new mineral agreements imposed in 2012, according to an executive order made public...

2020 PHL GDP drop faster than initially estimated

THE PHILIPPINE ECONOMY in 2020 declined at a slightly faster pace than previously reported, the Philippine Statistics Authority (PSA) reported on Thursday. Gross domestic product...

PHL factory output continues losing streak in February

THE COUNTRY’S FACTORY output extended its streak of decline to 12 months in February, as well as posting the steepest fall in five months,...

Trade gap widens as imports increase for first time in 22 months

THE COUNTRY’S trade-in-goods deficit widened in February as imports grew for the first time in 22 months and exports contracted albeit at a slower...

PHL inflation slows in March

Headline inflation eased in March following five consecutive months of picking up, the government’s statistical agency reported earlier this morning. Preliminary data from the Philippine...

Unemployed Filipinos reach 4.2 million in February

THE RANKS of jobless Filipinos reached 4.2 million in February, the Philippine Statistics Authority (PSA) reported this morning. Preliminary results of the PSA’s February 2021...

Philippines reports record daily rise of 10,016 coronavirus cases

MANILA - The Philippines’ health ministry on Monday recorded 10,016 new coronavirus infections, the country’s third record daily spike in cases over the past five days.

Philippines to expand coronavirus curbs to include provinces near capital

MANILA - The Philippines will expand tighter COVID-19 restrictions to include four provinces surrounding the capital region, President Rodrigo Duterte’s spokesman said on Sunday, as the country battles a renewed surge in infections.

Philippine stock index falls over 3% amid surge in infections

Philippine stocks fell the most in Asia, sending the benchmark index below 6,500 as investors dumped the nation’s equities amid escalating daily coronavirus infections. “Investors...

Exports slip back into contraction in January

THE COUNTRY’S merchandise exports slipped back into negative territory in January after showing growth in the previous two months, while merchandise imports continued their...

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