Economy

Imports drove PH trade growth in September

By: NEDA PR (PNR) MANILA -- The country’s total merchandise trade grew stronger in September 2018 due to robust imports of capital goods, which is vital for the long-term growth of the domestic...

Farm output down 0.83% in Q3

MANILA -- The country’s agricultural output declined slightly by 0.83 percent in the third quarter of 2018 mainly due to decreases in the output of the crops and fisheries subsectors. The Philippine Statistics...

DOF eyes 6.5% GDP growth in Q3

MANILA -- The Department of Finance (DOF) is projecting "at least 6.5 percent" growth for the Philippine economy in the third quarter this year, higher than the upwardly revised 6.2 percent in...

BOI foreign investment approvals up 156% in Jan.-Oct.

MANILA -- The Board of Investment (BOI) approved PHP39.3 billion worth of projects from foreign sources in the first 10 months of the year. BOI reported Wednesday that foreign investment pledges from January...

Peso back at 52-to-USD level, PSEi down ahead of GDP report

MANILA -- The continued anticipation of another increase in the Bangko Sentral ng Pilipinas’ (BSP) key rates before yearend lifted the peso back to the 52-to-the-greenback level Wednesday, but the Philippine Stock...

BSP rate hike hopes boost PHP, PSEi down on uncertainties

MANILA -- Expectations of an additional hike in the Bangko Sentral ng Pilipinas’ (BSP) key rates boosted the peso Tuesday but uncertainties pulled down the Philippine Stock Exchange index (PSEi). The local currency...

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