Philippines

PH economy still among Asia’s fastest amid easing inflation

PH economy still among Asia’s fastest amid easing inflationBy Leslie Gatpolintan MANILA (Philippines News Agency) — The Philippine economy remained one of the best performers in Asia after rebounding from an initial slowdown in the first two quarters of 2019 amid obstacles, reflecting the government’s spending catch-up and easing inflation. Socioeconomic Planning Secretary and National … Continue reading

Philippines

Bangko Sentral ng Pilipinas eyes February 2019 inflation between 3.7-4.5%

BSP eyes February 2019 inflation between 3.7-4.5% By Joann Villanueva MANILA (Philippines News Agency) — Higher domestic oil prices as well as higher electricity rates are seen as the primary drivers of inflation in February 2019, which the Bangko Sentral ng Pilipinas (BSP) forecasts to range between 3.7-4.5 percent. In a statement Thursday, the BSP … Continue reading

Philippines

PH still among Asia’s fastest growing economies

PH still among Asia’s fastest growing economies By Leslie Gatpolintan MANILA (Philippines News Agency) — The Philippines remained one of the fastest growing economies in Asia even after posting slightly slower growth at 6.1 percent in the third quarter, due to weaker agriculture output and ‘temporary’ decline in household spending over an inflation surge. In … Continue reading

Philippines

Production output, value up in September

Production output, value up in September By Kris Crismundo MANILA (Philippines News Agency) — Both volume and value of production in September this year posted notable increments, the Philippine Statistics Authority (PSA) reported Tuesday. Figures bounced back from September 2017, with the volume of production index (VoPi) increasing by 4 percent this year from a … Continue reading