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MANILA, Philippines —The Marcos administration fell short of its growth goal last year due to significant inflation, resulting in a 5.6 percent gross domestic product (GDP) growth in 2023. This marked a slowdown from the 7.6 percent…
MANILA, Philippines —A top stockbrokerage in the country advises investors to keep cash amid US recession fears, despite the Philippines’ strong economic growth bouyed by easing interest rates and inflation. COL Financial Group chief equity strategist April…
INQUIRER/ MARIANNE BERMUDEZ MANILA, Philippines — The country’s chief socioeconomic planner, Secretary Arsenio Balisacan of the National Economic and Development Authority (Neda), said that a 2023 economic growth slightly lower than the previous year’s 7.6 percent but near…
MANILA —The Philippines experienced its smallest trade deficit in December 2023 in four months, as exports saw a slight decrease and imports turned negative. The country’s trade balance shifted to a $4.01 billion deficit, marking an 11…
MANILA, Philippines — The Philippines is expected to be the world’s leading rice importer in 2024, according to the US Department of Agriculture (USDA). The USDA projects that the Philippines will procure a record 3.8 million metric…
Manila, Philippines — Joey Concepcion, the founder of Go Negosyo, expressed optimism for the Philippines’ micro small, and medium enterprises (MSMEs) in 2024. The non-profit group is gearing up for its first event of the year, 3M…
Siomai King marked a significant milestone by nabbing a franchising accolade from the “Asia Leaders Award” for the fourth straight year. Previously named as the “Franchising Company of the Year” from 2020 to 2022, Siomai King finally…
MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is expected to continue its tight monetary policy for an extended period, according to GlobalSource Partners. The think tank suggests that the economy has not yet fully absorbed…
MANILA, Philippines — Analysts from First Metro Investment Corp. (FMIC) and University of Asia and the Pacific (UA&P) predict that despite revenge spending boosting the economy, growth is unlikely to reach the lower end of the Marcos…
The Philippines central bank said on Friday it is necessary to keep monetary policy settings sufficiently tight until a sustained downtrend in inflation becomes evident. It will take appropriate action as needed to bring inflation back to…
The Maharlika Investment Corp. (MIC) board, overseeing the nation’s inaugural sovereign wealth fund, delved into fund capitalization and identified sectors for long-term economic and social development in their inaugural meeting this week, according to Malacañang on Thursday.…
AppleOne Properties Inc. (API) is charting a bold course for its hospitality arm, eyeing expansive growth in the Visayas and Mindanao. This move aims to amplify the company’s position as a trusted hospitality and tourism brand in…
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