Philippines falls into recession as 2nd quarter growth declines 16.5%
August 6, 2020
The Philippine economy’s second quarter gross domestic product slumped to minus 16.5 percent, the Philipine Statistics Authority (PSA) said Thursday. In the first quarter, gross domestic product declined by minus 0.7 percent. ”PH plunges into a recession as 2Q GDP
Inflation increases further to 2.7 percent in July
August 5, 2020
Year‐on‐year headline inflation increased to 2.7 percent in July from 2.5 percent in the previous month and was within the BSP’s expected range of 2.2‐3.0 percent for the month. The resulting year‐to‐date average inflation rate of 2.5 percent was within
PSE index ends higher; peso at P49.075: $1
August 5, 2020
The Philippine Stock Exchange (PSE) index gained 58.08 points to end at 5,833.58 on Wednesday. In the broader market, there were 128 gainers, 76 losers and 27 unchanged. Volume reached 2.04 billion shares valued at P5.38 billion from Tuesday’s 1.6
Stable food supply one of ‘brightest spots’ in gov’t COVID-19 response
August 5, 2020
The continuous flow of food from the country’s farms to consumers that was the result of the ongoing reforms in the farm sector initiated by the Department of Agriculture (DA) on the watch of Secretary William Dar is “one of the brightest spots” in the
July inflation rose to 2.7%
August 5, 2020
Inflation in July rose to 2.7 percent from 2.5 percent in June as the economy resumed activity after a strict lockdown resulted in consumer demand. This was the third straight month that inflation rose from 2.1 percent in May. The
Farm sector grew 0.5% in second quarter
August 5, 2020
Agriculture managed to grow by 0.5 percent in the second quarter, the Philippine Statistics Authority (PSA) said Wednesday. Production in crops and fisheries recorded increases while livestock and poultry posted declines. Crops production grew five percent. It shared 53.7 percent
PSA revises 1st quarter GDP lower to -0.7%
August 5, 2020
The Philippine Statistics Authority (PSA) on Wednesday revised first quarter gross domestic product (GDP) lower to -0.7 percent from -0.2 percent. Growth rates of net primary income from the rest of the world and gross national income were revised lower
PSE index rebounds
August 4, 2020
The Philippine Stock Exchange ( PSE) index rebounded from Monday’s decline by ending 59.58 points to 5,775.50. In the broader market, there were 136 gainers, 53 losers and 46 unchanged. Volume reached 1.6 billion worth P5.74 billion from Monday’s 1.63
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