THE NATIONAL ADMINISTRATION under President Rodrigo R. Duterte bagged a “very good” net satisfaction rating from the public in his first three months in office, according to a Social Weather Stations survey that bared top marks in the areas of “campaigning against illegal drugs” and “promoting human rights.” Read the full story.
POLITICAL UNCERTAINTY could keep prospective foreign investments to the Philippines on the fence and prolong the peso’s weakness, banking giant HSBC said in a report, with the currency seen ending the year at the P49 level against the dollar. Read the full story.
PROSPECTS for third-quarter economic growth — scheduled to be reported tomorrow — yesterday got a shot in the arm as the government reported a surprise expansion of agricultural production in those three months, fueled particularly by three out of four farm subsectors. Read the full story.
MONEY SENT HOME by overseas Filipino workers (OFWs) continued growth in September to post the highest level for the year, so far, though at a slower pace than in August, the central bank reported yesterday. Read the full story.
A SHIFT to anti-immigrant policies in the United States could pose risks to the Philippines’ credit rating, as it could disrupt remittance flows that have been supporting strong domestic consumption, Moody’s Investors Service said in a report. Read the full story.
ECONOMISTS expect the country’s gross domestic product (GDP) growth to have stayed robust last quarter, with household consumption, investment and government spending being more than enough to offset the pull from the contraction in net exports. Read the full story.
NET foreign direct investments (FDIs) to the Philippines logged the highest in four months in August and pulled the year-to-date tally closer to the central bank’s forecast for the full year. Read the full story.
