Economy

January 2022 inflations slows down to 3%

Headline inflation slowed down to 3.0%  in January 2022 from 3.2% in December 2021 using the 2018-based Consumer Price Index (CPI) series. The January 2022 inflation settled at the midpoint of the...

US private sector cuts 301,000 jobs in January amid Omicron surge

Private companies in the United States slashed 301,000 jobs in January, indicating a disrupted recovery in the labor market amid Omicron surge, payroll data company Automatic Data Processing (ADP) reported Wednesday (Feb. 2).

14.5% growth caps 2021 PH export, likely to double in the next five years

Philippine merchandise exports closed 2021 with a 14.5% growth with value reaching US$ 74.6B, based on preliminary data from the Philippine Statistics Authority (PSA). Despite the emergence of a new COVID-19 variant...

BSP-registered FPIs net outflows in 2021 lower by 86.5% compared to 2020

Bangko Sentral ng Pilipinas (BSP)-registered foreign portfolio investments (FPIs) in December 2021 recorded net outflows of US$4 million, bringing the total net outflows for 2021 to US$574 million.  Nonetheless, the full-year net...

IPAs point to COVID-19, high costs of doing business, foreign equity restrictions as among investments barriers

In recent reports to the Fiscal Incentives Review Board (FIRB), investment promotion agencies (IPAs) identified the COVID-19 pandemic, high costs of doing business, and foreign equity restrictions in the Philippines as...

Inflation averages 4.5% in 2021

The Bangko Sentral ng Pilipinas (BSP) releases the final issue of the quarterly BSP Inflation Report covering the period October to December 2021. Beginning in the first quarter of 2022, the Inflation...

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