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BMI keeps 6.3% Ph GDP forecast

A unit of Fitch Group said the Philippine economy faces risks as a result of the latest weakness in the financial markets but maintained that medium term outlook points to a strong expansion. In a study dated Aug. 17, 2017,…

P905-B goods smuggled from 2011-2015

Some P904.6 billion worth of products have been smuggled into the Philippines from 2011 to 2015, according to the latest study of Federation of Philippine Industries’ Fight Illicit Trade Movement. The study, done by the Center for Research and Communication…

Economy grows 6.5% in 2nd quarter

The Philippine economy accelerated 6.5 percent in the second quarter of 2017, making it still one of the best-performing economies in Asia. Last quarter’s growth followed China’s 6.9-percent growth, but overtaken Vietnam’s 6.2 percent and Indonesia’s 5-percent growth rates during…

Infra to lure more investments

The Philippines needs to build structures to attract more foreign investments particularly from China, in potential sectors of energy, resources and small businesses. Alvin Camba, a professor at Baltimore-based Johns Hopkins University, underscored the country’s need to build infrastructures “quickly”…

Tax package to fund 'pro-people' projects

Economic managers have agreed to use revenue from the Duterte administration’s proposed tax reform package to “pro-people” projects, a senator said Thursday. “Kausap namin yung mga hepe ng economic agencies, e, pumayag naman sila for five years na i-allot natin…

Global markets pressured by North Korea fears

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NEW YORK (AFP) - European and Asian equity markets were mostly lower Friday on the back of simmering tensions between the United States and North Korea, but firmer prices on Wall Street helped put a floor under the losses in…

Q2 GDP growth seen at 6.5%-7%

The Philippine economy likely grew faster in the second quarter, possibly between 6.5 percent and 7 percent, on the back of higher infrastructure investments and consumer spending. “I think it would be better than the first quarter. I have a…

Japanese investors still bullish on PH

Japanese investors remain confident in doing business in the Philippines, Department of Trade and Industry Secretary Ramon Lopez said Wednesday. "There's strong confidence on the current administration and the good growth momentum anchored on positive economic reforms and fundamentals," Lopez…

Full insurance for passengers, drivers vowed

Grab reiterated it is willing to take accountability over the rides that passengers and partners book on its platform. In a statement, the transport network company said it has its own third party private insurance that covers all its transport…

Globe to disburse Q3 cash dividend

The board of Globe Telecom has approved the third quarterly distribution of cash dividend of P22.75 for holders of its common shares. The dividend payout comes as Globe has posted record highs in its revenues for the first half of…

Near- term potential growth within reach

The International Monetary Fund remains optimistic on the Philippine economy’s output in the near term amid the recent cut of its 2017 growth forecast to 6.6 percent from 6.8 percent. Luis E. Breuer attributed this to the slower domestic expansion…

Diokno vows to institute reforms

Budget and Management Secretary Benjamin Diokno stressed the government’s commitment to ensure sustained growth of the Philippine economy through the various reforms and new initiatives on infrastructure investments, among others. “Rest assured that the Department of Budget and Management remains…

JICA seeks deeper ties with ASEAN

The Japan International Cooperation Agency is seeking to deepen cooperation and partnership with the Association of South East Asian Nations including the Philippines, which it acknowledged as "showcase models of the solid development cooperation." “Our bilateral ties are not purely…

Japan to ASEAN: Promote free trade

Japan has called on the ASEAN member states to counter protectionism policies in some parts of the world by promoting free trade in the region. In a press briefing of Japanese Foreign Ministry Deputy Press Secretary Toshihide Ando here Sunday…

ASEAN economic outlook still upbeat

Economic forecast for ASEAN in the near-term remains optimistic, IHS Markit Asia Pacific Chief Economist Rajiv Biswas said Monday. Biswas attributed the optimistic outlook for the region to the continuous robust economic growth of Vietnam, the Philippines, Myanmar, Laos, and…
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