Tag: slips
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Philippine manufacturing growth slips to 3-month low
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PHILIPPINE MANUFACTURING activity in June expanded at its slowest pace in three months amid cooling demand, S&P Global said. The S&P Global Philippines Manufacturing Purchasing Managers’ Index (PMI), which measures the country’s monthly factory performance, stood at 51.3 in June, slightly lower than the 51.9 reading in May. June was…
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Philippines slips in WEF Energy Transition Index
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THE PHILIPPINES dropped 11 spots in an index that measures countries’ energy transition efforts, reflecting the slowing global momentum amid increasing uncertainty. The Philippines ranked 105th out of 120 countries in the World Economic Forum’s (WEF) Energy Transition Index (ETI), from 94th in 2023. The Philippines’ latest ranking was its…
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NG debt slips to P14.93 trillion as of end-March
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THE NATIONAL GOVERNMENT’S (NG) outstanding debt slipped to P14.93 trillion as of end-March, the Bureau of the Treasury (BTr) reported. Data from the BTr on Wednesday showed that NG debt stock dipped by 1.67% from the record-high P15.18 trillion as of end-February due to the net redemption of government securities.…