Gross borrowings up 22% in Feb.
THE NATIONAL Government’s (NG) gross borrowings rose by 22% in February as domestic debt surged, the Bureau of the Treasury (BTr) reported.
Investors ‘cautiously optimistic’ on Philippines amid headwinds
INVESTORS are “cautiously optimistic” on the Philippines amid geopolitical and macroeconomic headwinds, Bank of America’s (BofA) top executive in the Philippines said.
ADB urges Philippine gov’t to broaden online tax take
THE PHILIPPINE government must consider expanding taxes for digital services and enhance revenue collection efforts, an Asian Development Bank (ADB) official said.
“We know with...
US private sector ready to invest more in PHL
A MAJOR American business group is vowing to help boost trade between the United States and the Philippines, as President Ferdinand R. Marcos, Jr....
Filipino consumers were less pessimistic in Q1 – BSP survey
By Luisa Maria Jacinta C. Jocson, Reporter
Consumers turned less pessimistic in the first quarter (Q1) amid expectations of improvements in income and employment, a...
Manufacturing output growth expands in February
By Mariedel Irish U. Catilogo, Researcher
Factory output growth rose to its fastest in five months in February amid increased demand, the Philippine Statistics Authority...
US to set up economic corridor on Philippine main island with Japan help
The United States will set up an economic corridor on the main island of Luzon — the first of its kind in the Indo-Pacific...
Jobless rate slips to 2-month low
THE UNEMPLOYMENT RATE fell to a two-month low of 3.5% in February, even as more Filipinos joined the labor force, the Philippine Statistics Authority...
ADB cuts Philippine growth outlook to 6%
THE ASIAN Development Bank (ADB) cut its growth forecast for the Philippines to 6% this year, as elevated food prices continue to stoke inflation.
In...
Trade deficit narrows to $3.65B in Feb.
THE PHILIPPINES posted a trade deficit of $3.65 billion in February, the slimmest in five months, as exports and imports both grew at the fastest pace in 16 months, data from the statistics office showed.
PHL expects $100-B investments in coming years as it seeks closer ties with US,...
THE PHILIPPINES may secure as much as $100 billion in investments in the next five to 10 years as it pursues a three-way partnership with the United States and Japan, according to its envoy to Washington.
ADB forecasts Developing Asia growth at 4.9% in 2024, says risks persist
MANILA - Developing Asia's growth this year is expected to be slightly stronger than previously forecast as healthy domestic demand in many economies offsets...