Economy

PH’s September manufacturing index tops ASEAN

MANILA – The Philippines' manufacturing sector surpassed the performance of its Southeast Asian neighbors in September, as shown by the latest purchasing managers’ index (PMI) survey, IHS Markit reported Monday. In its Nikkei...

IMF eyes recovery of PH economy in H2

MANILA -- The International Monetary Fund (IMF) forecasts faster growth for the Philippine economy in the second half of 2018, saying that the slowdown in the second quarter was only temporary. In a...

Another rate hike seen in December

MANILA -- Some economists project one more increase in the Bangko Sentral ng Pilipinas’ (BSP) key rates before yearend, even after it has already raised them by a total of 150 basis...

Gov’t taking steps to address inflation

MANILA -- The chairman of the House appropriations committee on Thursday assured the public that the government is taking steps to control the impact of soaring inflation. Davao City Rep. Karlo Nograles made...

Overseas trade concerns weaken local markets

MANILA -- Continued trade war concerns weighed heavily on the Philippines’ equities and the peso on Tuesday, with the latter ending the day at its nearly 13-year low against the US dollar. The...

‘Taming’ inflation requires set of measures: Andaya

MANILA -- Majority Leader Rolando Andaya Jr. said on Tuesday addressing the soaring inflation requires a "cocktail of solutions" rather than just a single "magic cure." Andaya made the statement following Malacañang's announcement...

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