Govt to tap all sources to combat Covid-19

Credit to Author: Mayvelin U. Caraballo, TMT| Date: Wed, 25 Mar 2020 18:00:32 +0000

The government is willing to tap all sources to fund its programs aimed at mitigating the negative impact of the coronavirus disease 2019 (Covid-19) pandemic on Filipinos and the Philippine economy, Finance Secretary Carlos Dominguez 3rd said on Wednesday. In a video call, Dominguez told reporters “we have to do all it takes to achieve […]

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S&P, Fitch unit further trim PH growth outlook

Credit to Author: Mayvelin U. Caraballo, TMT| Date: Mon, 23 Mar 2020 17:10:51 +0000

S&P Global Ratings and a Fitch Group unit both cut their growth forecasts for the Philippine economy this year on the back of the disruptions brought by the spread of the coronavirus disease 2019 (Covid-19) in the country. In separate reports released on Monday, S&P and Fitch Solutions said they now estimate the country’s gross […]

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Q4 economic growth in 2018 adjusted upward

Credit to Author: The Manila Times| Date: Thu, 04 Apr 2019 04:38:04 +0000

THE Philippine Statistics Authority (PSA) on Thursday revised the fourth quarter of 2018 economic growth to 6.3 percent from the previous 6.1 percent. “Major contributors to the upward revision were…READ

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PH inflation slows down anew in Jan

Credit to Author: ANNA LEAH E. GONZALES| Date: Tue, 05 Feb 2019 01:43:14 +0000

INFLATION slowed down to 4.4 percent in January from 5.1 percent in December, the Philippine Statistics Authority (PSA) reported on Tuesday. Last month’s result was the lowest since April 2018…READ

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6% GDP growth below gov’t target

6% GDP growth below gov’t target

The closure of Boracay, high prices and tighter mining regulations weighed down the country’s economic expansion in the second quarter to 6 percent year-on-year, or below expectations, the government’s top economist said on Thursday.

The post 6% GDP growth below gov’t target appeared first on Inquirer News.

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UBS maintains PH growth forecast for 2018

SWISS investment bank UBS kept its economic growth forecast for the Philippines this year but trimmed its projection for 2019 due to the possible impact of the trade wars on the Association of Southeast Asian Nations (Asean). In a report released on Wednesday, UBS said the Philippine gross domestic product should still grow by 6.8 percent […]

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Fitch affirms PH credit rating

DEBT watcher Fitch Ratings affirmed the Philippines’ “BBB” lower medium investment grade rating with a stable outlook. “The Philippines’ sovereign ratings balance a favourable growth outlook, government debt levels that are below peer medians, a net external creditor position and policies geared towards maintaining macro[economic]stability against lower income per capita and weaker governance and business […]

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