The move comes as inflation had eased slightly to 6.8 percent in May, but still remained above the bank's targeted inflation rate between 2 to 4 percent for the third consecutive…
In its latest Poverty and Equity Assessment, the Washington-based lender projected the poverty rate to decline to 12.3 per cent in 2028 from 15.5 per cent in 2023.
Fitch Ratings said the debt burden of SOEs relative to the GDP stood at just 1.1 percent in the Philippines, lower than in Indonesia, Thailand, India, Malaysia, and China, where…
This outcome has now dragged the Philippines economy deeper into one of its weakest runs in 16 years outside the COVID-19 pandemic period.
Fitch Ratings lowered its outlook to “negative,” citing the energy shock from the Middle East war, compounded by disruptions in public spending due to the major graft scandal…
This marks the highest rate in nearly two years since July 2024, when the consumer price index rose by 4.4 per cent.
The Philippines’ Purchasing Managers’ Index (PMI) fell to 51.3 in March from 54.6 in February, S&P Global reported on Wednesday.
Latest data from the Bureau of the Treasury (BTr) showed that the country’s debt as of end-January was 2.41 percent higher than the previous month and 11.15 percent higher than…
Coupled with weak economic growth, the faster inflation rate may help inform the central bank’s decision on whether further rate cuts are warranted.
As the Philippines moves closer to upper-middle-income country status, national economic gains are still not trickling down to the poorer segments of society.