Foreign tourist arrivals up 6.8% in September Foreign tourist arrivals bounced back in September after contracting the previous month, and are bound to grow further as tourists gear up for the reopening of Boracay island […]
Chinese tourists to Philippines in three quarters of 2018 exceeds last year total The number of Chinese tourists to the Philippines during the first three quarters of 2018 has exceeded the full-year total in 2017, […]
Infra spending jumped 70.5% in Aug Government infrastructure spending jumped 70.5 percent year-on-year to P68.4 billion in August as more roads were built alongside purchases made by the military for communication equipment that month. — […]
IT investments in ecozones buck downtrend, grow 9% As investment approvals by the Philippine Economic Zone Authority (PEZA) declined in all industry sectors, the information technology (IT) sector bucked the trend, with investments picking up […]
Anti-inflation measures to stoke budget, trade deficits Banking giant HSBC believes that government efforts to address above-target inflation will lead to wider budget and current account deficits. — The Manila Times Economists raise PH inflation […]
BoI: Investments up to P454.8B in Jan-Sept Investment pledges approved by the Board of Investments (BoI) grew by 19 percent to P454.8 billion in January to September this year from P381.2 billion in the same […]
PH ranked 5th best economy in Southeast Asia The Philippines ranked 56th out of 149 countries in the latest Global Competitiveness Report, while also ranking the 5th most competitive economy in Southeast Asia. — Philippine […]
Philippines cuts 2018 GDP growth goal, raises inflation targets The Philippine government has shaved its economic growth target for this year and raised inflation forecasts for 2018 and 2019, reflecting caution as soaring consumer prices […]
Remittances shrink anew, 8-month total just $19.1 billion MONEY sent by Filipino migrant workers contracted anew in August this year, reversing the growth gains seen in the previous month. — Business Mirror Tax hike suspension […]
Tourist arrivals rise 8.5% in 8 months Foreign arrivals increased by 8.5 percent to 4.85 million in the first eight months despite a decline in a number of top source markets, according to data from […]
More foreign funds flee Philippines in September 2018 The full-blown trade war between the US and China, the weak peso, rising inflation and the damage from Typhoon Ompong prompted foreigners to pull their investments out […]
Philippines’ Jan-July FDI rises 52.1pc y/y to $6.7bn Net foreign direct investments in the Philippines jumped 52.1 percent in the first seven months of this year from a year earlier to $6.7 billion, the central […]