BUSINESS continued to improve for factories in the country last month, making the Philippines a bright spot in Southeast Asia that otherwise saw a deterioration in conditions among most of its peers, according to the latest Nikkei Philippines and ASEAN Manufacturing PMI reports. Read the full story.
BANKS in the Philippines remain generally robust, thanks in part to a supportive economy, but rising exposure to the property sector, large firms and small- and medium-scale enterprises (SME) as well as possible “significant” shifts in policies under the current administration pose risks to the system, Moody’s Investors Service said in an Oct. 31 outlook report that was e-mailed to journalists yesterday. Read the full story.
INFLATION likely quickened to a 19-month high in October as the recent spate of typhoons pushed food costs up, adding to price pressures from rising oil and a weakening peso, economists said in a BusinessWorld poll late last week. Read the full story.
“MORE PRONOUNCED” poverty reduction in recent years has shown that the country’s economic growth — one of Asia’s fastest — has lately been improving the lot of more Filipinos, making economic planners consider a more aggressive six-year target. Read the full story.
PUBLIC SATISFACTION ratings of chief government institutions steadied in “good” to “very good” territory in the first three months of the administration of President Rodrigo R. Duterte, according to results of a new Social Weather Stations (SWS) survey. Read the full story.
