Economy

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...

New hotel seen to boost Dumaguete tourism, economy

DUMAGUETE CITY, Negros Oriental -- A new hotel will rise here to cater to the growing tourism industry as well as to boost the local economy. The Dumaguete Cathedral Credit Cooperative (DCCCO), now...

Current inflation level not expected to curtail growth

MANILA -- The current inflation level, which grew to 4.5 percent in April, is not expected to significantly impact the country’s economic growth in the near term, IHS Markit Chief Economist...

PH urges ADB to help ‘future-proof’ economies vs technological change

MANILA -- Finance Secretary Carlos Dominguez III on Saturday urged the Asian Development Bank (ADB) to assist its Asia-Pacific member countries in future proofing their economies against the impacts of rapid advances...

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