Tag: phl
-
PHL wholesale, NCR retail price growth slower in May
•
Wholesale price growth in the country and retail price growth in the National Capital Region (NCR) both eased to multiyear lows in May amid base effects, the Philippine Statistics Authority (PSA) reported on Friday. Preliminary data from the PSA showed the country’s general wholesale price index (GWPI) inched up by…
-
PHL urged to implement ‘smart’ policies to achieve double-digit growth
•
THE PHILIPPINES should implement “smart” policies that address challenges in power, infrastructure and defense sectors in order to fuel double-digit economic growth, Denmark’s ambassador to the Philippines said on Tuesday. In his keynote speech at the 45th National Conference of Employers on Tuesday, Ambassador Franz-Michael Skjold Mellbin said that he…
-
S&P Global trims PHL growth outlook
•
S&P GLOBAL RATINGS trimmed its gross domestic product (GDP) forecast for the Philippines for this year and 2025 amid expectations that high interest rates will continue to crimp domestic demand. In a report, the credit rater cut its growth forecast for 2024 to 5.8% from 5.9% previously. It also lowered…
-
Tourist arrivals in PHL seen returning to pre-pandemic level only in 2025
•
TOURIST ARRIVALS in the Philippines are expected to jump by 33% this year, but will only return to the pre-pandemic level by 2025, Fitch Solutions’ unit BMI said. In a report, BMI said it maintains a “positive outlook” for Philippine tourist arrivals through 2028, driven by tourists from key markets…
-
PHL posts $2-B BoP surplus for May
•
THE COUNTRY’S balance of payments (BoP) position swung to a surplus in May, data from the Bangko Sentral ng Pilipinas (BSP) showed.
-
PHL may grow below target until 2028
•
THE PHILIPPINE ECONOMY may grow slower than the government’s targets this year through 2028, as high interest rates weigh on consumption, according to a global think tank. “High interest rates constrict domestic demand, so that’s one of the reasons why we’re a bit more bearish on the [Philippine] economy,” Andrew…
-
PHL competitiveness still lags in Asia-Pacific
•
THE PHILIPPINES saw its ranking in an annual global competitiveness report remain unchanged and continued to be one of the laggards in the Asia-Pacific region amid a drop in business efficiency.
-
PHL gov’t should consider raising taxes, analysts say
•
THE GOVERNMENT should consider raising taxes in order to ramp up revenues and meet its fiscal consolidation targets, analysts said.
-
World Bank to support more agriculture projects in PHL
•
THE WORLD BANK is seeking to fund more Philippine projects that seek to bolster productivity in the agriculture sector amid rising prices of food. “The World Bank is very supportive of agriculture and agricultural productivity in the Philippines,” Ndiamé Diop, World Bank Country Director for Brunei, Malaysia, Philippines and Thailand,…