PH has enough tools to sustain growth — DoF

Credit to Author: The Manila Times| Date: Tue, 03 Mar 2020 07:00:10 +0000

THE Department of Finance is optimistic on the sustained Philippine economic expansion this year amid domestic and global headwinds, saying the government has enough tools to propel rapid and inclusive growth. In a speech at The Manila Times’ 11th Business Forum: “The Philippine Economic Outlook 2020” held in Makati City on Tuesday, Finance Undersecretary Antonette […]

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World Bank maintains PH growth forecasts

Credit to Author: The Manila Times| Date: Thu, 09 Jan 2020 04:30:08 +0000

THE World Bank on Wednesday maintained its 2019 to 2021 Philippine economic growth projections. In its January 2020 “Global Economic Prospects Slow Growth, Policy Challenges” report released late Wednesday, the bank projected the Philippine economy to grow by 5.8 percent this year, a slowdown from the 6.2 percent expansion in 2018 and also below the 6.0 to […]

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PH economic growth forecast to slow down at 6% in 2019

Credit to Author: The Manila Times| Date: Fri, 12 Apr 2019 02:49:19 +0000

THE country’s economic growth is forecast to slow down this year on the back of a “weak world economy.” In a report released late Thursday, Capital Economics said that Philippine…READ

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Govt investments-to-GDP hits 5.4% in 2018

Credit to Author: The Manila Times| Date: Wed, 10 Apr 2019 06:06:47 +0000

NATIONAL government investments surged last year on the back of stringent project evaluations, the Department of Finance (DoF) said. Public investments last year surged to P940.4 billion, equivalent to 5.4…READ

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Inflation drops to 3.3% in March

Credit to Author: MAYVELIN U. CARABALLO, TMT| Date: Fri, 05 Apr 2019 01:52:34 +0000

HEADLINE inflation slowed to a 15-month low of 3.3 percent in March, the Philippines Statistics Authority (PSA) announced on Friday. The figure — down from the previous month’s 3.8 percent…READ

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‘Sources of resilience’ to shield PH economy from ‘external headwinds’ — BSP exec

Credit to Author: The Manila Times| Date: Wed, 06 Mar 2019 08:24:47 +0000

THE Philippines has “sources of resilience” that will shield the economy from external headwinds. “While we are not completely immune to external headwinds, we believe that we have sources of resilience that…READ

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Inflation eases to 3.8% in Feb, still within govt target range

Credit to Author: The Manila Times| Date: Tue, 05 Mar 2019 01:37:00 +0000

INFLATION eased in February, returning to the Bangko Sentral ng Pilipinas'(BSP) target, the Philippine Statistics Authority (PSA) reported on Tuesday. The consumer price index (CPI) during the month was at…READ

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Diokno: PH economy grew likely at at 6.5% in 2018

Credit to Author: The Manila Times| Date: Wed, 16 Jan 2019 05:45:57 +0000

THE Philippine economy likely grew by 6.5 percent in 2018, hitting the lower end of the government’s official target range, Budget Secretary Benjamin Diokno said on Wednesday. “The country’s growth…READ

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