Economy

Consumption, investment to boost economy in 2018: S&P report

MANILA - - Debt watcher S&P forecasts consumption and investments to regain their foothold as the main growth drivers of the Philippine economy this 2018. It projects the domestic economy to expand by...

FTA to boost PH-US trade, investment ties: Pernia

MANILA -- The country’s chief economist sees the need for the Philippines to explore more free trade agreements (FTAs) with the United States (US) to boost trade and investment ties between the...

PSEi sustains rise on bargain hunting; peso recovers

MANILA -- Bargain hunting continued in the Philippine stock market Tuesday, lifting the main equities index while investors’ decision to unload dollar holdings resulted in the peso’s recovery. PSEi gained 0.14 percent, or...

Duterte gov’t tops GDP allocation for infra spending

MANILA -- The Philippine government under President Rodrigo Duterte has allocated a bigger portion of its Gross Domestic Product (GDP) for infrastructure spending, compared with the average of the past six administrations...

GDP growth seen at 6.8% in 2018

MANILA -- An economist expects the country’s Gross Domestic Product (GDP) growing by 6.8 percent this year, fueled by rising infrastructure investments and the implementation of the tax reform law. “The golden age...

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...

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