Economy

ASEAN Summit boosts Central Luzon’s tourism, economy

CLARK, Pampanga --The country's hosting of the 31st ASEAN Summit and Related Meetings gave a big boost to the tourism and economic image of Central Luzon, particularly the Clark Freeport. Local officials...

PH’s Q3 ‘17 growth at 6.6%, says economist

MANILA -- An economist of ING Bank Manila has forecast a 6.6-percent growth in the country’s Gross Domestic Product (GDP) in the third quarter of 2017. In a research note, ING Bank...

Peso still strong; PSEi down anew

MANILA - - The Philippine peso remained strong Wednesday but the Philippine Stock Exchange index (PSEi) succumbed to foreign selling as the December meeting of the Federal Reserve nears. The local currency...

Philippine government teams up with Facebook for high speed broadband infrastructure

Today, the Department of Information and Communications Technology (DICT) and the Bases Conversion and Development Authority (BCDA) launched their project called Luzon Bypass Infrastructure, with Facebook as the first party utilizing...

Consumer acceptance needed for digital payment system: MVP

MANILA -- Businessman Manuel V. Pangilinan said acceptance by consumers, not just having the necessary infrastructure, is needed for digital payment systems to be successful. “Part of the challenge of the ASEAN (Association...

PH seen to remain fastest-growing economy in ASEAN-5

MANILA -- The Philippines is expected to remain the fastest growing economy in the Association of Southeast Asian Nations-5 (ASEAN) this year through 2022, supported by the government’s infrastructure push and robust domestic...

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