ESCAP sees slower PHL growth this year
By Luisa Maria Jacinta C. Jocson, Reporter
The Philippine economic growth is expected to slow to 5.5% this year amid global headwinds and persistently high...
Philippines’ 2022 GDP unchanged at 7.6%
THE PHILIPINE Statistics Authority (PSA) said on Wednesday it kept the gross domestic product (GDP) growth rate for 2022 and 2021 unchanged.
PSA data showed...
Peso strengthens on PHL CPI, US jobs data
THE PESO rose against the dollar on Wednesday as Philippine headline inflation slowed in March and following the release of weaker US jobs data.
The...
Shares rise as inflation eases further in March
PHILIPPINE STOCKS climbed on Wednesday following the release of data showing that headline inflation eased further in March.
The bellwether Philippine Stock Exchange index rose...
ADB keeps 6% PHL growth outlook
THE Asian Development Bank (ADB) kept its 6% growth forecast for the Philippines this year, although it expects global headwinds, elevated inflation and tighter...
Gov’t downplays impact of OPEC+ cuts
FINANCE Secretary Benjamin E. Diokno said on Tuesday it is too early to assess the impact of the surprise output cut by the world’s...
Charter change may not be needed if PSA law is implemented — experts
ECONOMISTS and policy experts urged the Marcos administration to fully implement and harness the potential of the amended Public Service Act (PSA), which opens up the economy without changing the current Constitution.
ADB earmarks $4-B lending program for Philippines
THE Asian Development Bank (ADB) is earmarking $4 billion worth of loan financing for the Philippines this year to support development projects.
In a press...
PSEi drops as market awaits March inflation data
PHILIPPINE SHARES dropped on Tuesday ahead of the release of March inflation data and concerns over rising oil prices after an output cut by...
Peso rises as dollar drops on recession fears
THE PESO strengthened against the dollar on Tuesday as US manufacturing data stoked fears of a global recession and dragged the greenback down.
The local...
Inflation likely to have peaked after retreating in Feb. — Diokno
FINANCE Secretary Benjamin E. Diokno said Tuesday that inflation is likely to have peaked, after the 8.6% reading in February slowed from January’s 8.7%.
“In...
PHL, China preliminary joint energy exploration talks to start in May
THE PHILIPPINES and China will hold preparatory talks in May ahead of further expected discussions on joint oil and gas exploration in the South...