Economy

PEZA, DA back LuLu Group’s investments in agribusiness, halal hubs

CALAMBA CITY, Laguna – Philippine Economic Zone Authority (PEZA) Administrator Charito Plaza on Wednesday afternoon assured support to the investments of LuLu Group International's, a Middle East-based conglomerate and top retail services...

Oil price hikes, policy tightening slowing PH growth: economist

MANILA -- An economist from IHS Markit on Thursday said rising world crude prices and the Bangko Sentral ng Pilipinas' (BSP) tightening of monetary policy are slowing down the country’s economic growth. IHS...

PH economy expands 6% in Q2

MANILA -- The economy expanded by 6 percent in the second quarter of 2018, making the Philippines still one of the best-performing economies in Asia. In a press conference on the release of...

Arroyo proposes 5 economic measures to cushion inflation

LEGAZPI CITY -- House Speaker Gloria Macapagal Arroyo has proposed at least five economic measures that would cushion the impact of rising inflation, Albay (2nd District) Rep. Joey Salceda said. According to the...

5.1-5.8% PH inflation forecast for July not alarming: Diokno

MANILA -- Budget and Management Secretary Benjamin Diokno said the higher range set by the Bangko Sentral ng Pilipinas (BSP) for its July 2018 inflation projection, at between 5.1-5.8 percent, is not...

Pernia hopeful of reduction in PH poverty incidence

MANILA -- Socioeconomic Planning Secretary Ernesto Pernia is hopeful of further reduction in the country’s poverty incidence given the sustained economic growth and the moderate food inflation. The Duterte administration targets to reduce...

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