Economy

Gov’t debt rises to 56% of GDP at end-March

MANILA -- The national government’s debt to gross domestic product (GDP) ratio went up to 56.2 percent as of end-March this year from the 55.2 percent debt-to-GDP ratio in the same...

PH GDP outlook raised on ‘stellar economic growth performance’

MANILA -- BMI Research, Fitch Group's think tank unit, has raised its outlook for the Philippine economy for this year following the “stellar economic growth performance” in the first quarter of...

DOF: Tax reform fueling PH growth

MANILA -- The Department of Finance (DOF) said the first package of the Tax Reform for Acceleration and Inclusion (TRAIN) Law provides ample fiscal space for the government to fund programs that...

Economists expect another policy rate hike this year

MANILA -- Economists say that the Bangko Sentral ng Pilipinas (BSP) is likely to hike policy interest rates again within the year, should current inflation pressures remain. In a report, ING Bank...

GDP grows 6.8% in Q1, still among Asia’s fastest

MANILA -- The Philippine economy expanded by 6.8 percent in the first quarter of 2018, making it still one of the fastest-growing economies in the region even as rising inflation reduced consumption...

PH GDP expands 6.8% in Q1

MANILA -- The Philippine economy expanded 6.8 percent in the first quarter of 2018, slightly lower than the full-year growth target but remained among the fastest in Asia, the National Economic and...

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