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Ph mfg. index highest in ASEAN

Following the double-digit expansion in Philippine export as reported by the Department of Trade and Industry, the country also sustained its leading position in terms of Purchasing Managers’ Index for the manufacturing sector at 53.9, the highest among ASEAN Member…

Contact-center jobs to grow despite AI entry

Even as the contact center industry moves towards artificial intelligence, jobs in the local contact centers will continue to grow with the bulk of work leaning to mid- to high-complex type. In a press conference Wednesday, Contact Center Association of…

Trade mission off to Jakarta, Manado

The Philippines, through the Department of Trade and Industry, is set to send a trade mission to Jakarta and Manado on September 4 to 8 in a bid to sustain the Davao-General Santos-Bitung Roll-On, Roll-Off operations and expand trade with…

PH needs more startups

DAVAO CITY – With already more than 500 members in the country, Philippines still needs more members to pave way for an effective digital innovation, according to StartupPH, the country’s umbrella organization of all stakeholders and supporters of the startup…

Peso debt market dev’t workshop held

The Bangko Sentral, the Department of Finance, the Securities and Exchange Commission, and the Bureau of the Treasury announced recently a package of joint and coordinated initiatives to spur the further development of the domestic debt market to enhance the…

North Korea missile stuns global markets

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LONDON -- World stock markets spiralled lower on Tuesday after North Korea fired a ballistic missile over Japan, deepening geopolitical worries but sending the euro and gold hurtling higher. Pyongyang fired the missile over Japan and into the Pacific Ocean,…

Time to invest in PH

Finance Secretary Carlos Dominguez III told American business leaders that now is the best time to invest in the Philippines, given its vibrant economic prospects anchored on an unprecedented infrastructure buildup on the Duterte watch. Dominguez said President Duterte’s “Build,…

P65-B investments a vote for Duterte admin

Finance Secretary Carlos Dominguez III said the move by Macquarie Infrastructure Management (Asia) Pty Ltd and Arran Investments to pump P65 billion into the Philippine energy sector is a vote of trust and confidence by foreign investors in the Duterte…

BBB success hinges on TRAIN

Finance Secretary Carlos Dominguez III said the proposed comprehensive tax reform program of the Duterte administration will serve as the fiscal buffer that would enable the government to pursue its expansionary economic policy anchored on an ambitious “Build, Build, Build”…

No forex crisis––BSP

Recent depreciation of the Philippine peso allowed the local currency to regain its price competitiveness and was consistent with the government’s investment and export-led growth strategy, Bangko Sentral Governor Nestor A. Espenilla Jr. said Friday. Speaking before the Economic Journalists…

Q3 biz confidence wanes

Business confidence in the Philippines slowed down in the third quarter of 2017 due to seasonal factors caused by the rainy season, and concerns on fighting in Marawi City. Data released by the Bangko Sentral Friday showed that results of…

Industries rallied behind tax reform

Finance Secretary Carlos Dominguez III has sought the support of local manufacturers behind the Duterte administration’s Comprehensive Tax Reform Program, which, he said, would be a potent tool to encourage enterprise and boost domestic market demand, attract investors and improve…

‘Dutertenomics’ brings stability to PH

The 6.5-percent gross domestic product growth posted by the country in the second quarter of the year proves that President Rodrigo Duterte brings stability to the Philippine economy, a House leader said. House Appropriations Committee Chair and Davao City Rep.…

Portfolio investments yield net inflows

Foreign portfolio investments registered in July 2017 amounted to $1.4 billion, reflecting a decline of 28.9 percent and 36.8 percent from the $2.0 billion and $2.3 billion recorded in June 2017 and July 2016, respectively. Outflows for the month of…

Peso freefall ruled out

The Philippine peso again closed to its fresh 11-year low to a US dollar Friday but Bangko Sentral Governor Nestor A. Espenilla Jr. said strong macroeconomic fundamentals will continue to support the local currency. He said the local unit is…
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