Philippines GDP year on year growth slows to 5.2% in Q3
MANILA - The Philippine economy grew 5.2% in the third quarter from a year earlier, the statistics agency said on Thursday, coming in below...
Agricultural output slumps in Q3
THE PHILIPPINES’ agricultural production plunged by 3.7% in the third quarter, the steepest decline in nearly four years, the statistics authority said on Wednesday.
September trade deficit widest in 20 months
THE PHILIPPINES’ trade-in-goods deficit ballooned to $5.09 billion in September, the biggest trade gap in 20 months, the Philippine Statistics Authority (PSA) said on Wednesday.
Unemployment rate falls to 3.7% in September
THE PHILIPPINES’ unemployment rate fell to 3.7% in September, driven in part by a growing number of female workers joining the labor force ahead of the holiday season, the statistics agency said on Wednesday.
Inflation likely to remain within 2-4% target range in coming months
HEADLINE INFLATION is seen to remain within the Bangko Sentral ng Pilipinas (BSP) 2-4% target in the coming months despite the uptick in October,...
Inflation picks up to 2.3% in October
HEADLINE INFLATION picked up to 2.3% in October amid higher food prices, particularly rice, the Philippine Statistics Authority (PSA) reported on Tuesday.
PHL seeks $150-M WB loan to improve education system
THE PHILIPPINES is seeking a $150-million loan from the World Bank (WB) to improve the quality of public education amid a learning crisis.
The proposed...
PHL-US alliance to remain stable no matter who wins US presidency
PHILIPPINE-US economic and defense ties are not expected to change abruptly regardless of who wins the US presidential race, with both ex-President Donald Trump and Vice-President Kamala Harris likely to keep the trend of rising trade restrictions and strategic competition with China, analysts said.
HSBC says PHL has potential to become Asia’s ‘superstar’
THE PHILIPPINE ECONOMY has the potential to become a “superstar” in Asia amid bright prospects for services exports and investments, HSBC Philippines said.
“According to...
Manufacturing growth slows in Oct.
PHILIPPINE manufacturing expanded for a 14th month in a row in October, but the pace of growth slowed month on month amid a softer rise in new orders and output, S&P Global said on Monday.
DA expects lower palay output this year due to bad weather
THE DEPARTMENT of Agriculture (DA) on Monday said palay (unmilled rice) production likely declined this year due to the damage caused by El Niño-induced droughts and several strong typhoons.
Rice inflation seen to further ease
THE CONTINUED DECLINE in rice prices, which typically accounts for nearly half of overall inflation, is set to pave the way for further monetary easing, analysts said.