MANILA -- Malacañang on Tuesday welcomed a report released by credit rater Fitch rating saying the Philippines maintains a generally “favorable growth outlook.”
“In its report for the third quarter, Fitch noted that...
MANILA -- The inflation surge coupled with typhoon devastation are only temporary setbacks for the Philippine economy and its poverty reduction program, Socioeconomic Planning Secretary Ernesto Pernia said Tuesday.
In a press conference...
MANILA -- The Philippine peso is expected to recover when remittances from overseas Filipino workers (OFWs) peak by December this year, Malacañang said on Tuesday.
Presidential Spokesperson Harry Roque made this remark in...
MANILA – Finance Secretary Carlos Dominguez III is optimistic the country's high inflation rate today will not affect the national budget and does not need an off-cycle measure from Bangko Sentral ng...
MANILA -- Higher importation as a result of increased domestic demand continues to cause deficits in the Philippines’ current account, which in the second quarter of 2018 stood at USD2.9 billion.
In a...
MANILA -- The administration's economic managers have proposed nine measures to immediately address food supply issues to bring inflation down by an estimated 2.4 percent.
Budget Secretary Benjamin Diokno, in an interview after...
