WB sees fragile, uneven PHL recovery
THE WORLD BANK (WB) is expecting the Philippine economy to miss the government’s growth targets for the next two years, amid a slow and fragile recovery from the coronavirus pandemic.
BoP deficit widens in November
THE COUNTRY’S balance of payments (BoP) deficit widened in November as the government made more repayments on foreign debt, the Bangko Sentral ng Pilipinas...
WESM in Mindanao targeted by 4th quarter
DAVAO CITY -- The wholesale electricity spot market (WESM) in Mindanao is being targeted for launch in the fourth quarter of the year, but it will still depend on results of a third-party evaluation.
BSP makes ‘prudent’ pause from hikes
THE BANGKO SENTRAL ng Pilipinas (BSP) paused its aggressive monetary policy tightening campaign, and signaled the policy rate will remain unchanged at its next...
Dollar reserves rise to 6-month high of $101B
AFTER two straight months of decline, the Philippines saw its dollar reserves rise to a six-month high as of end-October, thanks to the National Government’s (NG) retail dollar bond issuance.
Typhoons likely hurt farm output growth
THE agriculture sector’s growth likely slowed in the fourth quarter, after a string of strong typhoons devastated rice-producing areas.
PHL seeks way to increase garments exports to EU
THE Trade department’s export marketing bureau (EMB) wants to request the European Union (EU) to allow the Philippines to export garments that use imported textiles under its preferential trade scheme, EMB Director Senen M. Perlada said.
Moody’s Analytics raises 2022 Philippine GDP growth estimate
MOODY’S ANALYTICS has raised its 2022 growth estimate for the Philippines after stronger-than-expected recovery last quarter, even as it warned of price pressures from Russia’s continued invasion of Ukraine.
Budget chief flags risk to spending
THE ECONOMY may not benefit as much from state spending -- lately a key driver of gross domestic product growth -- at least in the first half of next year due to an expected delay in enactment of 2019’s proposed P3.757-trillion national budget and the ban on public works ahead of the May mid-term elections, the head of the Department of Budget and Management told reporters on Tuesday.
SEIPI clings to 10% export growth goal this year
THE SEMICONDUCTOR and Electronics Industries in the Philippines Foundation, Inc. (SEIPI) is clinging to its 10% export growth target this year, as it expects higher demand during the holiday season.
Trade tussle highlights Asia’s vulnerabilities
KUALA LUMPUR -- The current-account deficit is making a comeback as a reason to sell some Asian currencies, according to Credit Suisse Group AG...
ADB keeps PHL GDP forecast at 6.5%
THE ASIAN Development Bank (ADB) has retained its growth forecast for the Philippines for this year, citing a strong rebound in domestic demand as the economy continues to reopen despite growing inflation risks.