Philippine trade competitiveness needed to sustain growth
July 11, 2017
The National Economic and Development Authority (NEDA) says the country should continue to promote export competitiveness, diversify its products and markets, and maximize trade agreements to sustain trade growth for the rest of the year. NEDA-attached agency Philippine Statistics Authority
May government spending up 20.4%
July 10, 2017
Government spending in May rose 20.4 percent from year-ago figures reaching P261.7 billion, the budget department said Monday. This shows that policy reforms for more efficient project implementation have started to gain traction. For fiscal year 2017, the General Appropriations
Peso dips to new near 11-year low of P50.695:$1
July 10, 2017
The peso closed to a new near 11-year low of P50.695 against the US dollar on Monday, down from P50.58 on Friday. The Philippine currency was at P50.608 against the dollar on morning trading with volume of $75.3 million at
FDIs posted net inflows of $874 million in April: central bank
July 10, 2017
Foreign direct investments (FDI) continued to post net inflows amounting to $874 million in April as all FDI components registered positive balances during the month, the central bank said Monday. This, however, was 61.1 percent lower than the level recorded
Peso dips to P50.67 against US dollar
July 6, 2017
The peso closed at a new near 11-year low of P50.67 against the US dollar on Thursday. The Philippine currency hit an intraday low of P50.69 against the greenback after opening at P50.53, higher than Wednesday’s close of P50.60. The
SMC to submit unsolicited proposal for $2b flood control project
July 6, 2017
San Miguel Corp. said it will submit to the government an unsolicited proposal to build a $2 billion flood control and waste-to-energy project this month. “I think the technical side has been done. I think, maybe sometime this month we
Finance chief hopes gov’t spending to pick up in second semester
July 6, 2017
Finance Secretary Carlos Dominguez III expressed hope on Thursday government spending could pick up in the second semester of this year as several projects will be started. In a press briefing in Malacanang, Dominguez likened the government to a train,
Peso closes at P50.60 against US dollar
July 5, 2017
The peso lost ground on Wednesday as it closed at a near 11 year low of P50.60 against the US dollar. This was the lowest the Philippine currency closed since September 12, 2006 when it finished at P50.524. On Tuesday,
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