Economy

Economist eyes further PHP weakness after RRR cut

MANILA -- An economist of ING Bank Manila forecasts the Philippine peso to weaken following the cut in Philippines banks’ reserve requirement ratio, which the Bangko Sentral ng Pilipinas (BSP) announced Thursday. The...

Outlook on PH consumer remains positive – BMI Research

MANILA - Remittances from Overseas Filipino Workers (OFWs) along with improving labor sector are seen to remain the main drivers of Philippines’ consumer outlook. “ The consumer outlook in the Philippines remains bright...

DA rolls out ‘Bigas ng Masa’ affordable rice program

MANILA -- The Department of Agriculture (DA) set its "Bigas ng Masa" affordable rice program rolling on Wednesday, initially launching it in Quezon City and shortly farming it out to its regional...

PH, Hungary to boost trade, economic cooperation

MANILA -- The Philippines and Hungary will hold their first Joint Committee on Economic and Trade Cooperation (JCTEC) in September, Department of Trade and Industry (DTI) Secretary Ramon Lopez told reporters Sunday. Lopez...

More foreign competition will help logistics sector grow: PIDS

MANILA -- The Philippines should implement reforms aimed at introducing more foreign competition into transport and logistics industry in a bid to boost export competitiveness, according to a study by state think-tank...

PH holds USD26.3-T untapped oil deposits

MANILA -- The Philippines is virtually “sitting on a mountain of gold,” with untapped hydrocarbon deposits estimated at USD26.3 trillion, mostly found in the disputed Spratly chain of islands, more than enough...

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