Economy

Budget chief eyes 7% Q1 GDP growth

MANILA -- Budget and Management Secretary Benjamin Diokno is optimistic for a seven percent growth of the Philippine economy in the first quarter of 2018, which falls within the lower end of...

DOF sees March inflation rate at 4.1%

MANILA -- Higher taxes of sin products are seen to drive Philippines’ inflation rate higher in March 2018 to around 4.1 percent from 3.9 percent in the previous month using the rebased...

PH to join upper middle income economies by 2019: NEDA

MANILA -- The Philippines can join the ranks of upper middle income economies as early as end-2019 or two years ahead of target, the National Economic and Development Authority (NEDA) said Tuesday....

Boracay closure’s economic impact likely minimal: NEDA

MANILA -- The proposed six-month closure of Boracay Island is expected to have a minimal impact on the Philippine economy, but will affect livelihood in the country’s top tourist destination, the National...

PSEi, peso weaken on possible US-China trade war

MANILA -- Concerns over the possible trade war between the United States and China weakened both the Philippine Stock Exchange index (PSEi) and the local currency Friday. After its recovery on Thursday, the...

BMI Research keeps forecast of 50 bps hike in key rates

MANILA -- BMI Research continues to project a 50 basis points increase in the Bangko Sentral ng Pilipinas’ (BSP) key rates this 2018 as inflation is expected to sustain its uptrend. In a...

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